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Treasurer Job Descriptions, Average Salary, Interview Questions

What Does a Treasurer Do?

Treasurers oversee and, in some cases, manage the financial resources and operations of an organization. They create and manage budgets, analyze financial performance, forecast cash flow, and ensure the organization complies with financial regulations. A treasurer may either be responsible for managing the finances directly, or he may manage a team that does so in a larger company.

Treasurers must possess strong analytical skills and the ability to communicate effectively with other executive team members. A treasurer is often a trusted advisor to the CEO and other senior leaders, providing financial insights and recommendations to support decision-making and long-term planning.

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National Average Salary

Treasurer salaries vary by experience, industry, organization size, and geography. To explore salary ranges by local market, please visit our sister site zengig.com.

The average U.S. salary for a Treasurer is:

$205,000

Treasurer Job Descriptions

Crafting the perfect job description may be the key to finding an exceptional treasurer. To help you with your recruiting search, our team has put together some examples from past openings.

Candidate Certifications to Look For

  • Certified Management Accountant (CMA). This certification is designed to measure the accounting and financial management skills that drive business performance. An exam is required and certification must be renewed annually. 
  • International Accredited Business Accountant (IABA). IABA certification is obtained through a combination of practical and theoretical knowledge. Three years of related work experience (up to 2 years of college credits can be substituted) is needed for this certification. An exam must be passed for full accreditation.

Sample Interview Questions

  • Describe your experience managing and preparing budgets.
  • What is your process for investment decision-making?
  • How do you approach risk management?
  • Give us an example of a time you successfully navigated a complex financial situation.
  • Have you encountered a complex financial situation you were unable to resolve? Please describe what took place.
  • How do you remain current with financial regulations and legal statutes?
  • Has there been a time when you had to communicate unexpectedly bad financial information to stakeholders? How did you approach the situation?
  • Describe your communication style as a leader.
  • Describe your experience with the preparation of financial statements.
  • Describe your experience working with auditors.
  • Describe, in detail, your experience and approach to cash flow management.
  • Describe the tools you use and the approach you take when creating forecasts.

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