What Does it Take to Be a Treasurer or Controller?
Occupation Description Direct financial activities, such as planning, procurement, and investments for all or part of an organization.
What Do Treasurers and Controllers Do On a Daily Basis?
- Advise management on short-term and long-term financial objectives, policies, and actions.
- Monitor financial activities and details, such as cash flow and reserve levels, to ensure that all legal and regulatory requirements are met.
- Develop and maintain relationships with banking, insurance, and external accounting personnel to facilitate financial activities.
- Delegate authority for the receipt, disbursement, banking, protection, and custody of funds, securities, and financial instruments.
- Lead staff training and development in budgeting and financial management areas.
- Prepare and file annual tax returns or prepare financial information so that outside accountants can complete tax returns.
What Every Treasurer or Controller Should Know
Below is a list of the skills most Treasurers and Controllers say are important on the job.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Judgment and Decision Making: Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Complex Problem Solving: Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Speaking: Talking to others to convey information effectively.
Management of Financial Resources: Determining how money will be spent to get the work done, and accounting for these expenditures.
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
Other Treasurer or Controller Job Titles
- Financial Institution Treasurer
- Financial Administrator
- Controller, Operations, and HR Manager
- Reserve Officer
Is There Job Demand for Treasurers and Controllers?
In the United States, there were 580,400 jobs for Treasurer or Controller in 2016. New jobs are being produced at a rate of 18.7% which is above the national average. The Bureau of Labor Statistics predicts 108,600 new jobs for Treasurer or Controller by 2026. Due to new job openings and attrition, there will be an average of 56,900 job openings in this field each year.
The states with the most job growth for Treasurer or Controller are Utah, Nevada, and Arizona. Watch out if you plan on working in Alaska, Maryland, or District of Columbia. These states have the worst job growth for this type of profession.
Treasurer or Controller Average Salary
The typical yearly salary for Treasurers and Controllers is somewhere between $67,620 and $208,000.
Treasurers and Controllers who work in New York, New Jersey, or Delaware, make the highest salaries.
How much do Treasurers and Controllers make in different U.S. states?
|State||Annual Mean Salary|
|District of Columbia||$166,710|
Tools & Technologies Used by Treasurers and Controllers
Below is a list of the types of tools and technologies that Treasurers and Controllers may use on a daily basis:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Hypertext markup language HTML
- Microsoft PowerPoint
- Microsoft Outlook
- Microsoft Access
- Data entry software
- Microsoft Project
- Structured query language SQL
- Microsoft Dynamics
- FileMaker Pro
- Intuit QuickBooks
- Oracle PeopleSoft
- Oracle JD Edwards EnterpriseOne
- IBM Cognos Impromptu
- Oracle Primavera Enterprise Project Portfolio Management
- SAP Business Objects
- Oracle E-Business Suite Financials
How to Become a Treasurer or Controller
What kind of Treasurer or Controller requirements are there?
How Long Does it Take to Become a Treasurer or Controller?
Where do Treasurers and Controllers Work?
Below are examples of industries where Treasurers and Controllers work:
Those who work as a Treasurer or Controller sometimes switch careers to one of these choices:
Image Credit: Dave Dugdale via Creative Commons Attribution-Share Alike 2.0 Generic
More about our data sources and methodologies.