Life As a Treasurer or Controller
Job Description: Direct financial activities, such as planning, procurement, and investments for all or part of an organization.
A Day in the Life of a Treasurer or Controller
- Prepare or direct preparation of financial statements, business activity reports, financial position forecasts, annual budgets, or reports required by regulatory agencies.
- Monitor and evaluate the performance of accounting and other financial staff, recommending and implementing personnel actions, such as promotions and dismissals.
- Receive cash and checks and make deposits.
- Maintain current knowledge of organizational policies and procedures, federal and state policies and directives, and current accounting standards.
- Provide direction and assistance to other organizational units regarding accounting and budgeting policies and procedures and efficient control and utilization of financial resources.
- Handle all aspects of employee insurance, benefits, and casualty programs, including monitoring changes in health insurance regulations and creating budgets for benefits and worker’s compensation.
What Every Treasurer or Controller Should Know
These are the skills Treasurers and Controllers say are the most useful in their careers:
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.
Related Job Titles
- Trust Officer
- Business Manager
- Chief School Finance Officer
- Chief Financial Officer (CFO)
Job Outlook for Treasurers and Controllers
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.
Treasurer or Controller Average Salary
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|
What Tools do Treasurers and Controllers Use?
Although they’re not necessarily needed for all jobs, the following technologies are used by many Treasurers and Controllers:
- 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 education is needed to be a Treasurer or Controller?
How Long Does it Take to Become a Treasurer or Controller?
Treasurers and Controllers Sector
The table below shows some of the most common industries where those employed in this career field work.
You May Also Be Interested In…
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
More about our data sources and methodologies.
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