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
• Financier
• 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
Alabama	$128,690
Alaska	$110,010
Arizona	$117,620
Arkansas	$106,530
California	$157,480
Colorado	$163,740
Connecticut	$167,160
Delaware	$167,110
District of Columbia	$166,710
Florida	$132,850
Georgia	$145,920
Hawaii	$118,740
Idaho	$95,690
Illinois	$144,680
Indiana	$119,820
Iowa	$114,620
Kansas	$129,660
Kentucky	$114,420
Louisiana	$106,950
Maine	$119,080
Maryland	$152,180
Massachusetts	$148,300
Michigan	$128,270
Minnesota	$133,970
Mississippi	$101,840
Missouri	$136,520
Montana	$109,940
Nebraska	$113,910
Nevada	$123,890
New Hampshire	$124,700
New Jersey	$175,880
New Mexico	$104,790
New York	$210,510
North Carolina	$149,710
North Dakota	$123,890
Ohio	$135,610
Oklahoma	$111,700
Oregon	$118,680
Pennsylvania	$156,730
Rhode Island	$145,120
South Carolina	$125,710
South Dakota	$132,030
Tennessee	$111,460
Texas	$149,990
Utah	$110,750
Vermont	$113,610
Virginia	$164,030
Washington	$136,480
West Virginia	$102,670
Wisconsin	$134,850
Wyoming	$116,920

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
• SAP
• 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:

Related Careers

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:

• Auditors

References:

• Bureau of Labor Statistics
• College Factual
• O*NET Online

Image Credit: Dave Dugdale via Creative Commons Attribution-Share Alike 2.0 Generic

More about our data sources and methodologies.