Corporate Treasurer Job Description

A corporate treasurer is a financial professional. He is responsible for overseeing all financial management, planning and investments for an organization. The corporate treasurer analyzes all financial records for the purpose of auditing past actions and creating forecasts for future requirements and goals. He reports directly to the senior management of an organization.

Job Responsibilities

The corporate treasurer oversees all activities regarding the cash management of the firm, including investment portfolio management, credit management, and risk management. She effectively performs her duties while maintaining compliance with all company policies and procedures and, if the firm is regulated by the Securities Exchange Commission (SEC), maintains compliance with all Sarbanes-Oxley (SOX) regulations. Reporting directly to the chief financial officer of her firm, she works closely with the legal department, finance and accounting teams to ensure all of the firm's financial goals are met. Additionally, she recruits, trains and manages team members as needed.

Job Opportunities

Treasurer is a senior-level job. Within Fortune 500 organizations, these roles are typically filled either through an internal promotion or with the assistance of a staffing firm that places executive-level finance and accounting professionals. With smaller organizations such as churches, available job opportunities may be found posted online and in classified advertisements.

Qualitative Requirements

A corporate treasurer must be incredibly ethical, as he is responsible for large sums of money. He must also be adept at paying close attention to detail. Any lapse in accuracy can cost a firm a large amount of money. Strong communication skills are equally important. The treasurer will be required to make presentations to senior management.

Educational Requirements

A corporate treasurer is required to posses a four-year degree within accounting, finance or a related field of study. Additionally, many employers give preference to candidates who have received a master's of business administration (MBA) degree within accounting or finance. The successful candidate must also possess related professional experience within the industry with a company of similar size.

Average Compensation

As of 2009, a typical treasurer employed in the United States earned an annual salary of $176,668. The Bureau of Labor Statistics says employment of financial management professionals is expected to increase by 13 percent through 2016, making this an appealing career path to pursue.

References

• Salary.com
• US Department of Labor
• Association for Financial Professionals