Treasurers & Controllers
Also called: Comptroller, Controller, Corporate Treasurer, Treasurer
Produced by CareerOneStop
Video transcript: skip transcript
Treasurers and Controllers might sound like shipmates who guard the loot on a ship at sea, but in reality they are much more prudent. Treasurers and controllers direct financial planning, procurement, and investment strategies that keep businesses not just running, but growing. As a treasurer or controller, you are responsible for managing your organization’s budget, and for developing policies that promote accurate financial documentation, efficient cash and credit management, and ethical investments. You must be aware of federal and state rules, and current accounting standards. These jobs are all about documentation. Financial statements, business activity reports, financial position forecasts, and annual budgets are just a few of the regular, critical methods of recording financial activity that a treasurer must master. Strong writing and math skills are needed to communicate with the regulatory agencies within and outside of your organization. A job as a treasurer or controller demands the specialization of a master’s degree or higher, often in accounting or financial management. Five years of experience in financial management is a typical prerequisite. Treasurers and controllers may not get to work with chests full of gold and rubies, but the organizations that rely on their careful planning and direction are very thankful for the work they do.
What they do:Direct financial activities, such as planning, procurement, and investments for all or part of an organization.
On the job, you would:
- Evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendations.
- Delegate authority for the receipt, disbursement, banking, protection, and custody of funds, securities, and financial instruments.
- Develop and maintain relationships with banking, insurance, and external accounting personnel to facilitate financial activities.
- accounting and economics
Arts and Humanities
- English language
Math and Science
- arithmetic, algebra, geometry, calculus, or statistics
- reading work related information
- thinking about the pros and cons of different ways to solve a problem
- noticing a problem and figuring out the best way to solve it
People and Technology Systems
- thinking about the pros and cons of different options and picking the best one
- measuring how well a system is working and how to improve it
- read and understand what is written
- communicate by speaking
- choose the right type of math to solve a problem
- add, subtract, multiply, or divide
Ideas and Logic
- make general rules or come up with answers from lots of detailed information
- notice when problems happen
- quickly compare groups of letters, numbers, pictures, or other things
People interested in this work like activities that include data, detail, and regular routines.
They do well at jobs that need:
- Attention to Detail
- Analytical Thinking
- Stress Tolerance
You might use software like this on the job:
Enterprise resource planning ERP software
You might like a career in one of these industries: