Treasurers are responsible for managing finances and keeping budgets for organizations corporations or companies. They are often members of the board of directors of the entity or they serve in an advisory capacity. They attend meetings where they keep board members and managers apprised of issues related to cash flow budget balances and liquidity. They are in charge of directing incoming funds to the appropriate category investing them when appropriate and of disbursing funds for various purposes. In addition they write reports that will be distributed to management and in some cases to the general public. The fiscal information they supply is a crucial element in determining the organization’s long-term planning and policies. Treasurers must have excellent interpersonal skills because they often work with accountants investment advisors or insurance consultants both inside and outside of the organization on issues such as tax strategies how to raise cash and how to manage financial risk. They must be able to crunch numbers but also to figure out strategies that will make the most efficient use of funds that are available. Treasurers must have a minimum of bachelor’s degree with a concentration in economics business finance or accounting. However employers usually give preference to applicants that have a master’s degree in one of these areas or hold a professional certification such as certified treasury professional (CTP) or certified management accountant (CMA). According to the U.S. Bureau of Labor Statistics the earnings for treasurers depend on the location size and type of organization for which they work as well as their credentials and track record. The median salary is approximately $99400 but annual earnings can range from approximately $54000 to $135000 or much more if treasurers have outstanding resumes.
|Education Required:||Bachelor's Degree|
|Tasks:||Prepares financial reports.
Ensures that finances are managed correctly.
Adheres to financial policies.
|Also Called:||Financial Planner