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Hiring a Treasurer: Job Description Template

By Agwaonye Samuel


Hiring a skilled treasurer is crucial for any organization to ensure fiscal stability. A compelling job description can simplify this process by filtering the right candidates.

With most businesses failing due to poor cash management, a competent treasurer becomes a game-changer.

In this guide, we’ll cover the entire hiring process for a treasurer, including responsibilities, interview tips, and how to craft an effective job description.

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Responsibilities & Role of a Treasurer

Treasurers’ insights and experience help improve organizational financial stability. Before diving into the hiring process, grasping a treasurer’s vital responsibilities and role in your organization ensures you hire someone who can make a difference in your finances.

Here are the key areas a treasurer typically oversees:

  • Financial Management: Your treasurer is responsible for creating and managing budgets, optimizing cash flow, and developing financial plans that align with the organization’s goals. They will ensure the efficient allocation of resources, monitor expenses, and provide insights to support the organization’s financial stability and growth.
  • Investment and Asset Management: The person you hire will develop investment strategies, assess risks, and diversify investments to maximize returns while safeguarding the organization’s assets. They will make informed decisions about where to allocate financial resources, continually evaluate market conditions, and adjust investment portfolios as needed.
  • Risk Management: Identifying and addressing financial risks, including currency fluctuations, interest rate changes, and credit risk, are the responsibilities of a treasurer. They will employ hedging strategies to protect the organization from market volatility and manage insurance policies to mitigate potential liabilities and losses.
  • Compliance: The treasurer will ensure the organization complies with financial regulations, tax laws, and reporting requirements. They will oversee tax compliance, prepare accurate financial reports, and assist with audits to maintain transparency and adherence to accounting standards.
  • Financial Reporting and Analysis: Your treasurer will prepare financial statements, analyze data to identify trends, and offer actionable insights to guide strategic decision-making. They will also create financial forecasts to project future performance and help organizations plan effectively.
  • Debt Management: The person will manage debt issuance, repayment strategies, and credit rating to optimize borrowing terms and minimize interest costs. They will ensure responsible management of borrowed funds, contributing to the organization’s financial stability.

How to Hire a Treasurer

Now that you understand the treasurer’s responsibilities let’s delve into the process of finding the perfect treasurer for your organization:

1. Define Your Organization’s Needs

Begin by assessing your organization’s specific financial needs.

Consider factors such as:

  • The size and complexity of your organization’s finances.
  • Whether you require a full-time, part-time, or interim treasurer.
  • Any specialized skills or industry knowledge needed.

Understanding your needs will help you narrow down the qualifications and expertise you should seek in a treasurer.

2. Search for Top Talent

To attract the best treasurers, explore various avenues:

  • Industry-Specific Websites, Associations and Forums: Explore industry-specific websites, associations and online forums where treasurers gather. Platforms such as eFinancialCareers, FinanceJobs, the Association of Financial Professionals (AFP) job center, CFA Institute JobLine, and the National Association of Corporate Treasurers can be a great way to connect with experienced professionals in your industry.
  • Company Website and Internal Job Posting: Showcase the job posting on your company’s career page and encourage internal applications. This is an excellent way to promote growth opportunities within your organization.
  • Social Media Promotion: Share the job posting on your company’s social media channels to widen your reach. Encourage employees to share the post within their networks.
  • Local Media and Paid Advertising: Consider advertising in local newspapers or using paid options on job boards and social media platforms. This can be particularly effective if your business has a strong local presence.

3. Evaluate Professional Qualifications

When screening the resumes and CVs of potential candidates, focus on assessing their professional qualifications to understand their expertise, commitment to ethical standards, and ongoing professional development. There are various recognized educational qualifications and certifications, such as:

  • A bachelor’s degree in accounting, finance, or business management. A master’s degree in business administration or a related field. 
  • Certified Treasury Professional (CTP): This certification signifies expertise in treasury management. It covers a wide range of topics, including cash management, risk management, financial analysis, and liquidity management.
  • Certified Treasury Manager (CTM): The CTM certification focuses on treasury and risk management. 
  • Certified Public Accountant (CPA): While CPAs are often associated with accounting, many treasurers hold this certification due to their strong foundation in financial accounting, tax compliance, and financial reporting. A CPA credential can be valuable for treasurers dealing with complex financial matters.
  • Certified Management Accountant (CMA): CMAs focus on management accounting and financial management. This certification particularly benefits strategic financial planning, analysis, and decision-making treasurers.

Determine which qualification or certification holds significance for your organization based on your treasury requirement. 

4. Assess Work Experience

Review the candidate’s work history to identify any relevant industry experience. Treasurers with prior experience in your industry or a related field may already deeply understand industry-specific challenges, regulations, and best practices.

Consider the size and complexity of the organizations where the candidate has worked. For example, if your organization is a multinational corporation, a treasurer with experience in large, global companies may be well-suited to your needs.

Look for candidates who have successfully managed tax strategies and maintained compliance with tax authorities. Examine the candidate’s track record in financial analysis and reporting. Candidates with a history of generating insightful financial reports and conducting in-depth financial analyses can bring valuable skills to your organization.

5. Conduct a Comprehensive Interview Process

When interviewing candidates, don’t just stick to the usual questions. Tailor your interview questions using this blueprint to see if they know their stuff, can solve problems, and handle challenging situations.

Ask them about their past experiences, how they improved financial processes at their old jobs, and how they dealt with issues at work.

You can even ask them to show you examples of their work, like financial reports they’ve made, to help you figure out if they’re a good fit for your company.

Look for candidates who can simply explain complicated money stuff and see if they can work well with others and handle task changes.

6. Check References and Background

Before making a final decision, contact the candidate’s references to gain insights into their work ethics, reliability, and overall performance. Consider conducting background checks to verify qualifications and ensure their credibility.

Questions to ask during a reference check:

  • How would you describe the candidate’s work performance?
  • Can you share specific examples of the candidate’s achievements or contributions?
  • How did the candidate handle challenges or difficult situations at work?

A new hire's first day checklist

Treasurer Job Description

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Job Title: Treasurer

Company: [Your Organization Name]

Location: [Location]

Job Type: [Full Time / Part Time / Interim]

Salary: [Salary / Competitive / DOE]

About Us:

[Provide a brief description of your organization, its mission, values, and financial environment.]

The Opportunity: 

We seek a dynamic and experienced Treasurer to join our finance team. In this pivotal role, you will oversee our organization’s financial strategies, liquidity management, risk assessment, and investment portfolio. You will collaborate closely with executive leadership to drive sound financial decision-making that aligns with our long-term goals.

What You’ll Do:

  • Strategic Financial Management: Develop and execute comprehensive treasury strategies to optimize cash flow, liquidity, and financial resources. Proactively identify opportunities for financial growth and risk mitigation.
  • Investment Portfolio Management: Manage our investment portfolio, making informed decisions to maximize returns while minimizing risks. Monitor market trends and adjust investment strategies accordingly.
  • Cash Flow and Liquidity: Ensure the organization maintains adequate liquidity to meet financial obligations. Develop and implement cash flow forecasting models and manage banking relationships.
  • Risk Management: Identify and assess financial risks, including interest rate, foreign exchange, and credit risk. Implement strategies to minimize exposure and protect the organization’s assets.
  • Compliance and Reporting: Ensure compliance with financial regulations and reporting requirements. Prepare and analyze financial reports, providing insights and recommendations to senior management.
  • Team Leadership: Lead and mentor a dedicated finance team, fostering a culture of excellence, collaboration, and continuous improvement.

What You’ll Bring:

  • Bachelor’s degree in Finance, Accounting, or a related field. MBA or CTP certification is a plus.
  • [Specify years] of progressive experience in treasury management or a related financial role.
  • Strong knowledge of financial markets, investment strategies, and risk management.
  • Proficiency in treasury management software and financial modeling tools.
  • Exceptional analytical and problem-solving skills.
  • Effective communication and leadership abilities.

Benefits and Perks:

  • Competitive salary and performance-based bonuses.
  • Comprehensive health, dental, and vision insurance.
  • Generous PTO and holiday schedule.
  • 401(k) with company match.
  • Equity or stock options.
  • Tuition reimbursement.
  • Life and disability insurance.
  • Continuing education and professional development opportunities.
  • A culture that prioritizes work-life balance.
  • Flexible work arrangements (remote work, flexible hours).
  • Company-sponsored team outings and social events.
  • Employee wellness programs.
  • Access to professional associations, conferences, and subscriptions.

How to Join Us:

Ready to make an impact in a dynamic and innovative organization? Please send your resume, a cover letter detailing your qualifications, and any other supporting documents to [email address] with the subject line “Application for Treasurer Position – [Your Name].”

[Your Company Name] is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability.

Closing Date: [Insert closing date for applications]

Please note that only shortlisted candidates will be contacted. Thank you for your interest in [Your Company Name].

Note: It’s important to tailor this template to your company’s needs and the treasurer role you want to fill.

How Much Does it Cost to Hire a Treasurer?

Hiring a treasurer involves various expenses that should be organized to ensure proper budgeting and resource allocation.

Recruitment Costs

Advertising the Job: Expenses related to posting the job opening on job boards, professional networks, and industry-specific platforms.

Salary and Benefits

The most significant expense in hiring a treasurer is typically the professional’s salary. The salary for a treasurer will depend on factors such as their experience level, qualifications, and the local job market.

For instance, the average annual salary for treasurers is  $78,068 or $19.76 per hour. While the average salary for a CPA is $153,003 per year.

Additionally, consider the cost of employee benefits such as health insurance, retirement plans, paid time off, and other perks you may offer to attract and retain top accounting talent.

Training and Onboarding

If the hired treasurer requires training on specific processes or software unique to your organization, allocate funds for training and onboarding. This may include resources, software licenses, or hiring trainers or consultants to facilitate the training process. The cost of training can vary based on the complexity of the training required and the treasurer’s existing knowledge.

Agwaonye Samuel

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