Treasurer Job Description

We [company’s name] are looking for an intelligent treasurer to contribute to our company’s initiatives as part of our workforce. To succeed in this role, the treasurer should be ready to assist with managing incoming payments, depositing received funds, and managing formal reports and bank statements on behalf of our company.

Treasurer Job Description

As treasurer, you must possess skills and experience that will help you succeed in scheduling meetings and conferences and you must be willing to work with other staff and team members to execute campaigns to increase our consumer base.

You should work to organize documents and files as well as help the company in implementing procedures and administrative systems. The treasurer is tasked with the duty of general financial oversight, laying out financial planning and budgeting.

Treasurer Responsibilities

Some responsibilities of a good treasurer include:

  • Perform risk management for the company
  • Write outgoing bills or cheques and assist the accountant in the development of financing strategies
  • Document all business financial transactions
  • Oversee and approve all financial plans or revisions to plans
  • Plan and ensure adherence to the projected financial budget for the year
  • Ensure the protection of funds from any potential misuse by any other members of the Committee
  • Maintain relations between the company and banks and financial regulatory agencies
  • Prepare budgets and monitor expenditures based on forecasts
  • Submit reports of present financial situation at the end of each month or quarter

Treasurer skills

Major skills to look out for in applicants or candidates include:

  • Working knowledge of MS Office
  • Excellent communication skills
  • Excellent leadership and decision-making skills
  • Working knowledge of financial management software such as SAP and Oracle
  • Excellent organizational skills regarding documentation and file or record-keeping
  • Strong verbal and visual financial reporting skills
  • Exceptional ability to communicate complex financial information
  • Time management skills
  • In-depth knowledge of software tools used by the committee
  • Solid understanding of budget planning and finance
  • Substantial value for ethics and trustworthy operations

Treasurer Requirements

  • Bachelor of Science degree or Master of Science degree in finance, accounting, or relevant field
  • 1-2 years of experience as a treasurer
  • Familiarity with office organization and optimization techniques
  • A high degree of multi-tasking
  • Integrity and professionalism
  • Time management capability

Frequently Asked Questions

What makes a good office Treasurer?

A good treasurer must be good with numbers and figures and have skills and knowledge of financial legislation, regulation, and practices that will aid the maintenance of the company’s financial dealings. A good treasurer must be professional when dealing with sensitive information because a treasurer deals with company or employer documents that require confidentiality.

What are the duties of the treasurer?

A treasurer uses software such as MS Office to assume responsibility for the company’s cash management procedures while Working with financial management software such as SAP, Oracle, and Google spreadsheets to document financial information as well as assisting executives with project tasks and prepare budgets and monitor expenditures so that at the end of each working day, the treasurer present reports and documents.

Who does a Treasurer work with?

Treasurers are usually the first point of contact between banks or financial regulators and the company so they work with both the senior and junior office staff. Also, in most cases, the treasurer is supposed to answer directly to the Director or Manager.

About Author

Godwin Fafemi Uche

Godwin Fafemi Uche is the co-founder and C.E.O of HighJobLink Limited. Uche is also the Chairman of The Highfocuz Group, parent company of HighJobLink Limited, High RealEstate Limited, HighQ LLC and High LogisticsLink Limited.