What Do Treasurers and Controllers Do: Job Description, Responsibilities and Duties

Stanley TanLeave a Comment



daily life of a Treasurer and Controller
are Treasurers and Controllers happy with their job

Treasurers and Controllers

Other names for this job might include Business Manager, Chief Financial Officer (CFO), Chief School Finance Officer, City Comptroller, City Controller, City Treasurer, Comptroller, Controller, Controller, Operations, and HR Manager, Corporate Controller


  • $134330
    Salary
  • 75%
    Job satisfaction
  • Hard
    Becoming one
  • Medium
    Job growth
OwlGuru Rank

A



Being A Treasurer and Controller: What You Really Do


In this job description guide, you will find out what do Treasurers and Controllers do and what is their typical work day like.

After reading this, you will have a much better idea on whether you will like working as a Treasurer and Controller or not.



Job summary

Treasurers and Controllers direct financial activities, such as planning, procurement, and investments for all or part of an organization.

We asked Treasurers and Controllers how satisfied they are with their job. Here is what they said.

Job satisfaction

75%

How meaningful is this job

62%


75% of them said they were satisfied with their job and 62% said they find that their job makes the world a better place or helps to make someone else’s life better.



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Typical day

On a daily basis, Treasurers and Controllers Supervise employees performing financial reporting, accounting, billing, collections, payroll, and budgeting duties. They Receive, record, and authorize requests for disbursements in accordance with company policies and procedures.

1 of the main responsibilities as A Treasurer and Controller is to Coordinate and direct the financial planning, budgeting, procurement, or investment activities of all or part of an organization.

Some may also Receive cash and checks and make deposits.

A typical day for A Treasurer and Controller look like this:

Supervise employees.
Approve expenditures.
Direct financial operations.

We asked some Treasurers and Controllers a few questions to find out what else does their work day look like. Here is what we found.

Do you have telephone conversations everyday in this job?97% said yes
Do you have to use email everyday in this job?97% said yes
How important is it to work in a team in this job?43% said very important
Do you have group discussions everyday in this job?93% said yes
Do you have to meet strict deadlines everyday in this job?30% said yes
Do you talk or work with customers everyday in this job?20% said yes
Do you have to deal with angry customers everyday in this job?0% said yes
Do you have to make decisions everyday in this job?47% said yes



Other responsibilities

Besides the “typical day” things that Treasurers and Controllers do, they Prepare or direct preparation of financial statements, business activity reports, financial position forecasts, annual budgets, or reports required by regulatory agencies. They might also Maintain current knowledge of organizational policies and procedures, federal and state policies and directives, and current accounting standards.

On a weekly to monthly basis, Treasurers and Controllers Develop and maintain relationships with banking, insurance, and nonorganizational accounting personnel to facilitate financial activities. and Analyze the financial details of past, present, and expected operations to identify development opportunities and areas where improvement is needed.

In addition, they Provide direction and assistance to other organizational units regarding accounting and budgeting policies and procedures and efficient control and utilization of financial resources.

Although specific duties may vary, many of them Evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendations.

To some Treasurers and Controllers, it is also their responsibility to Compute, withhold, and account for all payroll deductions.

A typical week or month for them might include:

Prepare financial documents, reports, or budgets.
Prepare reports related to compliance matters.
Direct financial operations.
Maintain knowledge of current developments in area of expertise.
Establish interpersonal business relationships to facilitate work activities.
Analyze financial records to improve efficiency.
Advise others on business or operational matters.



Working life

Working hours

More than 40 hours per week

Working schedule

Regular (Set schedule and routine)


In a typical work week as A Treasurer and Controller, you can expect to work More than 40 hours per week.

Do Treasurers and Controllers work in an office-style work environment?

Everyday
100%

Once a week
0%

Once a month
0%

Once a year
0%

Never
0%

Do Treasurers and Controllers work in a warehouse-style work environment?

Everyday
0%

Once a week
0%

Once a month
0%

Once a year
36.67%

Never
63.33%

Do Treasurers and Controllers work outdoors?

Everyday
0%

Once a week
0%

Once a month
3.33%

Once a year
10%

Never
86.67%



Is this right for me

Best personality for this career

The Organizers and The Persuaders


You can read more about these career personality types here.

You will like this career if you are someone who likes following set procedures and routines. They like working with data and details more than with ideas.

You also like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.



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Rank: B+
Salary: $73670

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They plan, direct, or coordinate compensation and benefits activities of an organization.
Rank: B
Salary: $73940

They examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.
Rank: B
Salary: $71230

They analyze and manage risk management issues by identifying, measuring, and making decisions on operational or enterprise risks for an organization.
Rank: B
Salary: $64380

They conduct programs of compensation and benefits and job analysis for employer. May specialize in specific areas, such as position classification and pension programs.






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Career type

Management
Business Financial Management and Accounting
Financial and Investment Planning

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Is This Right For Me

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Related to Treasurers and Controllers Job Description

Treasurers and Controllers job description, what do Treasurers and Controllers do, typical day for Treasurers and Controllers, what is it like to work as a Treasurer and Controller, how many hours do Treasurers and Controllers work, day to day work of a Treasurer and Controller

Additional resources

http://www.bls.gov/OOH/management/financial-managers.htm
http://www.fma.org/
http://www.afponline.org/
https://www.cfainstitute.org/

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Treasurers and Controllers
Written by: Stanley Tan
Treasurers and Controllers direct financial activities, such as planning, procurement, and investments for all or part of an organization.
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