Frequently Asked about Treasurer
What makes a Treasurer different from a General Counsel?
Treasurers’ main responsibility is to handle an organization’s finances and keep meticulous records of cash movement in and out of the business.
They must also prepare the budget and guarantee that it is not exceeded by the firm or organization.
Meanwhile, a General Counsel, often known as a Chief Legal Officer (CLO), is responsible for creating contracts and agreements as well as ensuring that the firm is operating legally.
How can a Treasurer’s job description stand out from the crowd?
Include any important data about your organization, its operations, or its beliefs in your Treasurer job description to make it stand out.
Include work details, such as what you want the Treasurer to accomplish on a daily basis and any travel obligations.
Include any competitive perks you provide along with the remuneration for the position, as well as the financial credentials and experience you require or desire.
Also, include any unique financial or accounting software programs that your Treasurer may need to employ.
In a Treasurer’s resume, what should you look for?
An excellent candidate for Treasurer has a background in finance and budgeting.
They will have worked with significant budgets and financial planning for businesses similar to yours.
Candidates with expertise in leadership roles or as a custodian of finances in any capacity should be considered.
Additional finance certifications, such as those granted by the Association of Public Treasurers, will be advantageous.
If your Treasurer is required to be bonded, be sure to double-check the authenticity of their bond with the bonding business.
Who does a Treasurer have to answer to?
The Treasurer is responsible for reporting to the President, Vice President, Secretary, members of the Board of Directors, and other stakeholders.
They must communicate with the Board on a frequent basis to keep them informed of all financial planning, budgeting, and fundraising activities.
They must also provide a monthly report to the Board detailing the bank balance, expected spending, promised funds, and arriving monies.
Treasurers report to the Board of Directors and shareholders.
