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Treasurers and Controllers

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What You Need to Know About Treasurers and Controllers

Job Description & Duties Direct financial activities, such as planning, procurement, and investments for all or part of an organization.

Life As a Treasurer or Controller

  • Compute, withhold, and account for all payroll deductions.
  • Determine depreciation rates to apply to capitalized items and advise management on actions regarding the purchase, lease, or disposal of such items.
  • Monitor and evaluate the performance of accounting and other financial staff, recommending and implementing personnel actions, such as promotions and dismissals.
  • Advise management on short-term and long-term financial objectives, policies, and actions.
  • Coordinate and direct the financial planning, budgeting, procurement, or investment activities of all or part of an organization.
  • Analyze the financial details of past, present, and expected operations to identify development opportunities and areas where improvement is needed.

Treasurer or Controller Needed Skills

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.

Reading Comprehension: Understanding written sentences and paragraphs in work related documents.

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.

  • City Treasurer
  • Financial Engineer
  • Cost Controller
  • Treasurer
  • Financier

Is There Job Demand for Treasurers and Controllers?

In 2016, there was an estimated number of 580,400 jobs in the United States for Financial Managers.

New jobs are being produced at a rate of 18.7% which is lower than average. The Bureau of Labor Statistics predicts 108,600 new jobs for Treasurers and Controllers by 2026. The BLS estimates 56,900 yearly job openings in this field per year.

Forecasted Number of Jobs for Treasurers and Controllers in U.S.

The states with the most job growth for Financial Managers are California, New York, and Texas.

Watch out if you plan on working in Alaska, Wyoming, or Vermont. 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. The median salary for this occupation is $127,990.

Salary Ranges for Treasurers and Controllers

How much do Financial Managers make in different U.S. states?

Annual Mean Salary by State
State Annual Mean Salary

New York

$210,510

New Jersey

$175,880

Connecticut

$167,160

Delaware

$167,110

District of Columbia

$166,710

Virginia

$164,030

Colorado

$163,740

California

$157,480

Pennsylvania

$156,730

Maryland

$152,180

Texas

$149,990

North Carolina

$149,710

Massachusetts

$148,300

Georgia

$145,920

Rhode Island

$145,120

Illinois

$144,680

Missouri

$136,520

Washington

$136,480

Ohio

$135,610

Wisconsin

$134,850

Minnesota

$133,970

Florida

$132,850

South Dakota

$132,030

Kansas

$129,660

Alabama

$128,690

Michigan

$128,270

South Carolina

$125,710

New Hampshire

$124,700

Nevada

$123,890

North Dakota

$123,890

Indiana

$119,820

Maine

$119,080

Hawaii

$118,740

Oregon

$118,680

Arizona

$117,620

Wyoming

$116,920

Iowa

$114,620

Kentucky

$114,420

Nebraska

$113,910

Vermont

$113,610

Oklahoma

$111,700

Tennessee

$111,460

Utah

$110,750

Alaska

$110,010

Montana

$109,940

Louisiana

$106,950

Arkansas

$106,530

New Mexico

$104,790

West Virginia

$102,670

Mississippi

$101,840

Idaho

$95,690

What Tools & Technology do Treasurers and Controllers Use?

Below is a list of the types of tools and technologies that Treasurers and Controllers may use on a daily basis:

  • Blackbaud The Raiser’s Edge
  • Microsoft Word
  • Oracle Fusion Applications
  • Deltek
  • Microsoft Excel
  • Microsoft Access
  • SAP
  • SAP Business Objects
  • Intuit QuickBooks
  • Microsoft Dynamics

Where Treasurers and Controllers Are Employed

Treasurer or Controller Sectors

You May Also Be Interested In…

Those who work as Treasurers and Controllers sometimes switch careers to one of these choices:

  • Auditors

References

Bureau of Labor Statistics

College Factual

O*NET Online

Image Credit: Via Wikimedia Commons

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