It is the responsibility of a treasurer to oversee and in some cases manage the long and short-term budgetary aspects of their business. A treasurer must be able to create successful budgets for their company, revise those budgets, and comply with any company policy and standards needed. Treasurers usually have experience with accounting, statistics of some kind, budgeting, and financial management. Depending on the size of a business, the treasurer may either be in charge of managing the finances directly, or the treasurer may be in charge of the team that does this in the case of larger-scale businesses.
As treasurer, candidates must showcase their analytical skills, as well as their ability to communicate properly with other team members. This job is extremely reliant on the ability to work well with others, so a good treasurer must be able to do this successfully. To hire a treasurer, a business must ensure that its candidates are properly certified and compliant with any monetary policy required at local or national levels of the state.
Sample job description
Average salary and compensation
The average salary for a treasurer is $205,000 per year in the United States. Salary may vary greatly due to level of experience, education, and geographical location.
| Location | Salary Low | Salary High |
|---|---|---|
| Phoenix, Arizona | $227,850 | $251,800 |
| Los Angeles, California | $243,500 | $284,150 |
| Denver, Colorado | $202,950 | $236,700 |
| Washington, DC | $247,200 | $288,400 |
| Miami, Florida | $202,000 | $235,600 |
| Orlando, Florida | $186,300 | $217,400 |
| Tampa, Florida | $188,150 | $219,550 |
| Atlanta, Georgia | $197,400 | $230,300 |
| Chicago, Illinois | $226,900 | $264,750 |
| Boston, Massachusetts | $245,350 | $286,250 |
| Minneapolis-St. Paul, Minnesota | $195,550 | $228,150 |
| New York City, New York | $258,300 | $301,350 |
| Philadelphia, Pennsylvania | $210,300 | $245,350 |
| Dallas, Texas | $204,750 | $238,900 |
| Houston, Texas | $203,850 | $237,850 |
| Seattle, Washington | $236,150 | $275,500 |
| National Average | $184,750 | $225,500 |
Sample interview questions
- What qualities do you have that make you well suited for this job?
- Why did you choose a career as a treasurer?
- What are your long term career goals in finance?
- How would you prioritize your work to meet budget deadlines?
- How do you ensure to avoid costly accounting errors?
- What important points do you look into when preparing a budget?
- What software are you familiar with?
- What’s your experience with fund investments?
- What kind of technology tools/software are you familiar with?
- Please outline your experience with risk management.
- Do you have experience with forecasting?
- Tell me about a policy you designed or implemented. What was the result?
- What are the keys to being a successful treasurer?
- Describe a time you or your team failed to meet a deadline/goal. What did you learn?
