All About Treasurers and Controllers
Treasurer or Controller Definition Direct financial activities, such as planning, procurement, and investments for all or part of an organization.
Life As a Treasurer or Controller: What Do They Do?
- Supervise employees performing financial reporting, accounting, billing, collections, payroll, and budgeting duties.
- Perform tax planning work.
- Develop and maintain relationships with banking, insurance, and external accounting personnel to facilitate financial activities.
- Evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendations.
- Advise management on short-term and long-term financial objectives, policies, and actions.
- Develop internal control policies, guidelines, and procedures for activities such as budget administration, cash and credit management, and accounting.
Things a Treasurer or Controller Should Know How to Do
When polled, Treasurers and Controllers say the following skills are most frequently used in their jobs:
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 Vice President
- County Treasurer
- Cost Controller
- Finance Director
Treasurer or Controller Job Outlook
There were about 580,400 jobs for Treasurer or Controller in 2016 (in the United States). 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. There will be an estimated 56,900 positions for Treasurer or Controller per 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.
Salary for a Treasurer or Controller
The average yearly salary of a Treasurer or Controller ranges 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
Becoming 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?
Treasurers and Controllers work in the following industries:
Are you already one of the many Treasurer or Controller in the United States? If you’re thinking about changing careers, these fields are worth exploring:
Image Credit: Dave Dugdale via Creative Commons Attribution-Share Alike 2.0 Generic
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