What Do Treasurers and Controllers Do (including Their Typical Day At Work)

Stan T.Career, Job DescriptionLeave a Comment

Job Description, Daily Responsibilities, and Work Life.

Job Description

Treasurers and Controllers direct financial activities, such as planning, procurement, and investments for all or part of an organization. They also supervise employees performing financial reporting, accounting, billing, collections, payroll, and budgeting duties.

Other tasks include:

  • Coordinate and direct the financial planning, budgeting, procurement, or investment activities of all or part of an organization.
  • Develop internal control policies, guidelines, and procedures for activities such as budget administration, cash and credit management, and accounting.
  • Maintain current knowledge of organizational policies and procedures, federal and state policies and directives, and current accounting standards.
  • Prepare or direct preparation of financial statements, business activity reports, financial position forecasts, annual budgets, or reports required by regulatory agencies.
  • Provide direction and assistance to other organizational units regarding accounting and budgeting policies and procedures and efficient control and utilization of financial resources.
  • Analyze the financial details of past, present, and expected operations to identify development opportunities and areas where improvement is needed.

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.



Become one

schools for Sales Managers

Interested in becoming ? Find the right schools that can help you to become one. This service is free thanks to our sponsors.

View available schools

Pass the Level I CFA® Program Exam

with AdaptPrep CFA

Learn more



Typical Day At Work

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

A typical day for a Treasurer and Controller will also include:

  • Receive cash and checks and make deposits.
  • Monitor financial activities and details, such as cash flow and reserve levels, to ensure that all legal and regulatory requirements are met.
  • Provide direction and assistance to other organizational units regarding accounting and budgeting policies and procedures and efficient control and utilization of financial resources.
  • Coordinate and direct the financial planning, budgeting, procurement, or investment activities of all or part of an organization.
  • Maintain current knowledge of organizational policies and procedures, federal and state policies and directives, and current accounting standards.

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
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 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 their typical day, Treasurers and Controllers also compute, withhold, and account for all payroll deductions. They may also analyze the financial details of past, present, and expected operations to identify development opportunities and areas where improvement is needed.

On a weekly to monthly basis, Treasurers and Controllers Prepare or direct preparation of financial statements, business activity reports, financial position forecasts, annual budgets, or reports required by regulatory agencies. They might also Perform tax planning work.

In addition, they Monitor financial activities and details, such as cash flow and reserve levels, to ensure that all legal and regulatory requirements are met.

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 Maintain current knowledge of organizational policies and procedures, federal and state policies and directives, and current accounting standards.


Working life

Working hours

More than 40 hours per week

Working schedule

Regular schedule like a 9 to 5

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?

Every day
100%


Never
0%


Do Treasurers and Controllers work outdoors?

Never
87%


Once a year
10%



Is this right for me

Best personality for this career

The Organizers and The Entrepreneurs

People who are suitable for this job tends to like following set procedures and routines. They like working with data and details more than with ideas..

They 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.

You can read more about these career personality types here.




Learn more about Treasurers and Controllers

Summary
Job Description (You are here)
Salary
Requirements
Is This Right For Me

Find a college with the major you want


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/


Leave a Reply

Your email address will not be published. Required fields are marked *