Treasurer Job Description: Top Duties and Qualifications

A Treasurer, or Financial Officer oversees the income and expenditures of an organisation. Their duties include managing cash flow, assessing financial risk and safeguarding a company’s financial wellbeing.

 

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Treasurer duties and responsibilities

A Treasurer ensures that an organisation’s fiscal practices adhere to industry best practices to safeguard its financial position. Their main duties and responsibilities include:

  • Reviewing and protecting the company’s financial status
  • Writing and presenting reports of the company’s forecasted and presenting financial status
  • Overseeing investment and other fiscal projects, such as acquisitions and refinancing
  • Performing risk assessments on various company projects
  • Negotiating terms of loans and overdrafts with lenders and creditors
  • Ensuring the organisation only invests in projects that are beneficial in the short and long term
  • Contributing to the development of financial strategies and policies
  • Enforcing compliance with industry regulations and tax legislation
  • Anticipating borrowing needs and available funds for investment 
  • Handling receipts, banking and protection of company funds, securities and financial products

 

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Treasurer Job Description Examples:

 

Example 1

Treasurer Trustee We are seeking a skilled and forward-thinking individual with a finance or accounting background to join the Board of Trustees of Lambeth and Southwark Mind as our new Treasurer. A particular interest in mental health and in the delivery of mental health services within a local and diverse community would also be desirable. We will not give up until everyone in our community who is experiencing a mental health problem gets the help and respect they deserve. The charity has a fulltime CEO who leads a dedicated team of salaried staff, who are aided by very committed volunteers and facilitators. There is also a team of 9 Trustees led by a Chair with a wide range of skills, in governance, law, finance, HR, communications and clinical skills. Treasurer Trustee Responsibilities: We are looking for someone who will be able to: lead on budgeting, banking, financial planning/reserving and accounting, liaising as necessary with the Board, the CEO, staff and auditors. ensure compliance with all relevant legal and regulatory requirements, financial and otherwise. work closely together with our CEO, Chair and the Board on financial matters. contribute to strategy planning to ensure the charity’s financial health such that it can maintain and develop its services into the future. contribute to the effective governance of the charity. demonstrate a commitment to diversity, equality and inclusion. devote the necessary amount of time to the role. Treasurer Trustee Requirements: We are looking for someone with who has the following personal qualities: passion and commitment. communication and interpersonal skills. analytical skills. ability to work collaboratively and as part of a team. We are looking for someone with financial or accounting qualifications and experience and it would also be desirable to have: Experience of charity governance and working with or as part of a Board of Trustees. Experience of charity finance, fundraising and pension schemes. About Lambeth and Southwark Mind: Lambeth and Southwark Mind is part a federation of over 100 local charities affiliated to National Mind. It has independent legal status and is responsible for its own funding and services. Its aim is to provide help for those in Lambeth and Southwark who experience mental health problems, which it achieves by providing a range of free services including the provision of information and signposting, peer support groups, and psychotherapy. Duration of Term: Trustees serve a term of 3 years and are eligible for re- appointment up to a maximum of 3 terms. Remuneration: The role is unremunerated, although expenses for travel may be claimed Location: London and homeworking Time Commitment: Attendance at 6 Board Meetings per annum Attendance at Sub-Committee meetings Reading and preparation for meetings A variable amount time fulfilling the above Closing date for applications: this is set for 12.00 midday Monday 5th July 2021 but we may bring this forward depending on the number of applications, so please do apply as soon as you can. Strictly no agencies please. We welcome applications from people who have lived experience of mental health problems and who have used our services and from those with diverse backgrounds. Lambeth and Southwark Mind is an Equal Opportunities employer. Appointment is subject to an Enhanced DBS Check, references and meeting the Charity Commission’s eligibility requirements. You may have experience of the following: Treasurer, Trustee, Charity Governance, Governance Manager, CFO, Finance Manager, Pensions, Accountant, ACCA, CIMA, ICAEW, Board Member, NED, Non-Executive Director, Charity, Charities, Third Sector, Not for Profit, NFP, etc Ref: 99929

Example 2

Could you look after the finances for the local SSAFA service in your area? You don’t need a military background, just some basic I.T and finance skills. If so this could be the role for you. *What is a Branch Treasurer? * There are SSAFA branches throughout the UK and overseas. These are divided into small local areas that we call divisions. Each branch has a treasurer overseeing the divisions that, in turn each have a treasurer of their own. This is a key role involving financial planning and financial administration. *Why do we need you? * We’ve been supporting the Armed Forces community for more than 130 years. One of the key ways we help people is by tapping into various sources of funding on their behalf. Monitoring and reconciling this flow of funding into and out of SSAFA accounts is important to ensure clients receive timely support and we are able to account for all charitable funds in our care. *When would you be needed and where would you be based? * As part of your local branch you might have access to an office, but many volunteers are based at home. This flexible role involves using our on-line financial management system and on-line bank accounts and so can be done when and where suits you best. You will need to attend a number of branch committee meetings each year. *What would you be doing? *
  • Maintaining and reconciling local bank accounts and recording transactions
  • Supporting divisions to manage their local finances
  • Making and recording all authorised payments
  • Preparing year end accounts and financial statements including arranging an independent review
  • Working with the branch secretary, advise on a local fundraising programme to cover branch running costs
  • Identify and manage the return of any surplus monies from grants as appropriate
  • Providing reports to the branch committee and to SSAFA’s Central Office
  • Maintaining accurate records using our on-line finance management system
  • Being a positive ambassador for SSAFA remembering that anyone you meet could be a potential client, volunteer or fundraiser
  • Volunteering within the standards and values of SSAFA including observing our policies such as the Volunteering policy and data protection policy (these will be covered in your training and local induction.) *What can you gain from this volunteering role? *
  • Gain experience of holding a responsible role in a well-respected charity
  • Use your skills, knowledge and life experience to benefit others
  • Support and friendship from your local SSAFA branch and the wider SSAFA community
  • Experience, training and skills that you can highlight on your CV and in job interviews
  • Reimbursement of out-of-pocket expenses
  • Better physical and mental health – studies show that volunteers live longer and experience lower levels of stress and depression! *What about training and support? *
  • Support from the branch Chair and the Finance team based as our central office .
  • On-line training modules to complete at home, so you are up to date on how to keep clients, their families and personal information safe
  • Access to a range of e-learning courses
  • Support from the Volunteer Support Manager and the Volunteer Support Team based at our central office
  • Reimbursement of out-of-pocket expenses *What are we looking for? *
  • Friendly and approachable people with some experience of financial administration
  • good written and spoken English
  • ability to be respectful and non-judgemental with volunteers, other agencies and SSAFA colleagues
  • ability to send and receive emails – you will receive your own SSAFA email address
  • willingness to use our on-line banking and on-line finance management system (this is covered in training)
  • reliable attitude; contact volunteers promptly, keep appointments etc.
  • ability to maintain confidentiality and keep information safely
  • ability to provide two referees: former employers or other people that know you well (other than relatives) *Minimum Age: *18 *Is a criminal record check required? *No *How do I find out more? *
  • Visit us on line at to browse available roles and locations and let us know you’re interested. Read more about training and about some of our wonderful volunteers
  • Call our friendly central Volunteer Team on 0[phone number]. They can answer any general questions about volunteering and put you in touch with your local branch Job Types: Part-time, Volunteer Benefits: * Flexible schedule * Work from home COVID-19 considerations: Remote Working Work remotely: * Yes
  • Example 3

    Could you look after the finances for the local SSAFA service in your area? You don’t need a military background, just some basic I.T and finance skills. If so this could be the role for you. *What is a Branch Treasurer? * There are SSAFA branches throughout the UK and overseas. These are divided into small local areas that we call divisions. Each branch has a treasurer overseeing the divisions that, in turn each have a treasurer of their own. This is a key role involving financial planning and financial administration. *Why do we need you? * We’ve been supporting the Armed Forces community for more than 130 years. One of the key ways we help people is by tapping into various sources of funding on their behalf. Monitoring and reconciling this flow of funding into and out of SSAFA accounts is important to ensure clients receive timely support and we are able to account for all charitable funds in our care. *When would you be needed and where would you be based? * As part of your local branch you might have access to an office, but many volunteers are based at home. This flexible role involves using our on-line financial management system and on-line bank accounts and so can be done when and where suits you best. You will need to attend a number of branch committee meetings each year. *What would you be doing? *
  • Maintaining and reconciling local bank accounts and recording transactions
  • Supporting divisions to manage their local finances
  • Making and recording all authorised payments
  • Preparing year end accounts and financial statements including arranging an independent review
  • Working with the branch secretary, advise on a local fundraising programme to cover branch running costs
  • Identify and manage the return of any surplus monies from grants as appropriate
  • Providing reports to the branch committee and to SSAFA’s Central Office
  • Maintaining accurate records using our on-line finance management system
  • Being a positive ambassador for SSAFA remembering that anyone you meet could be a potential client, volunteer or fundraiser
  • Volunteering within the standards and values of SSAFA including observing our policies such as the Volunteering policy and data protection policy (these will be covered in your training and local induction.) *What can you gain from this volunteering role? *
  • Gain experience of holding a responsible role in a well-respected charity
  • Use your skills, knowledge and life experience to benefit others
  • Support and friendship from your local SSAFA branch and the wider SSAFA community
  • Experience, training and skills that you can highlight on your CV and in job interviews
  • Reimbursement of out-of-pocket expenses
  • Better physical and mental health – studies show that volunteers live longer and experience lower levels of stress and depression! *What about training and support? *
  • Support from the branch Chair and the Finance team based as our central office .
  • On-line training modules to complete at home, so you are up to date on how to keep clients, their families and personal information safe
  • Access to a range of e-learning courses
  • Support from the Volunteer Support Manager and the Volunteer Support Team based at our central office
  • Reimbursement of out-of-pocket expenses *What are we looking for? *
  • Friendly and approachable people with some experience of financial administration
  • good written and spoken English
  • ability to be respectful and non-judgemental with volunteers, other agencies and SSAFA colleagues
  • ability to send and receive emails – you will receive your own SSAFA email address
  • willingness to use our on-line banking and on-line finance management system (this is covered in training)
  • reliable attitude; contact volunteers promptly, keep appointments etc.
  • ability to maintain confidentiality and keep information safely
  • ability to provide two referees: former employers or other people that know you well (other than relatives) *Minimum Age: *18 *Is a criminal record check required? *No *How do I find out more? *
  • Visit us on line at to browse available roles and locations and let us know you’re interested. Read more about training and about some of our wonderful volunteers
  • Call our friendly central Volunteer Team on 0[phone number]. They can answer any general questions about volunteering and put you in touch with your local branch Job Types: Part-time, Volunteer COVID-19 considerations: Remote Working
  • What does a Treasurer do?

    The primary duty of a Treasurer is to manage the monetary practices of a company to ensure financial success. They advise management on investments and acquisitions and assess the risk related to liquidity, credit and other financial activities. The Treasurer also develops procurement strategies and ensures that the company has healthy finances. They create protocols and processes to guide the conduct of employees and management regarding the company’s cash flows. Depending on the industry, a Treasurer may oversee budget appropriations among other duties. They also ensure that the organisation adheres to financial tax regulations and best practices.

     

    Treasurer skills and qualifications

    A successful Treasurer candidate will have various prerequisite skills and qualifications needed to perform duties effectively. These include:

    • Proven experience as a Treasurer, Financial Officer or related role
    • In-depth knowledge of financial, accounting and tax regulations, legislation and best practices
    • Excellent knowledge of the investment market, the stock market and the various methods of raising capital
    • Exceptional written and verbal communication skills
    • Strong negotiation, decision-making and leadership skills
    • Good maths skills and the ability to work with financial data and analytics
    • Proficiency in financial management software and other industry-specific tools
    • Knowledge of accounting, economics and finance

     

    Treasurer experience requirements

    Treasurer candidates typically require experience in business management, finance, accounting or economics. Large organisations often need Treasurer candidates to have up to 5 to 10 years of industry experience. Some employers will accept candidates with accounting or finance background, even if they lack extensive experience. Such candidates usually gain some work experience during their university or college studies.

     

    Treasurer education and training requirements

    Most employers will recruit Treasurer candidates with a degree in accounting, business studies or finance. Some consider qualified candidates in their field who have a relevant college course, such as a Level 2 Certificate in Bookkeeping, a Level 2 Certificate in Accounting or a Level 3 Certificate in Financial Studies. Organisations may also accept candidates who have completed an Assistant Accountant advanced apprenticeship. In some organisations, Finance Assistants or Accounts Assistants can rise through the ranks to the position of Treasurer. Treasurers can take professional courses, such as Trade Finance and Transaction Banking and Financial Advice from The London Institute of Banking and Finance.

     

    Treasurer salary expectations

    According to Indeed Salaries, the average salary for Treasurer candidates in the UK, is £68,113 per year. Actual pay may depend on the location, employer, job duties, responsibilities, industry, experience and qualifications.

     

    Job description samples for similar positions

    Here are job description samples for related positions if you are not looking to recruit a Treasurer:

     

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    Treasurer job description FAQs

     

    Which qualities make a good Treasurer?

    A successful Treasurer should be an asset to his or her organisation. The Treasurer should be able to think methodically and have an exceptional eye for detail. This is important for identifying irregularities in financial reports and preventing fraud and other misconducts. The ideal Treasurer will have financial qualifications, such as a degree or course in accounting or relevant industry experience. Effective Treasurers should have experience handling large budgets and sums of money. They should also be excellent time managers and always be ready to provide sound advice.

     

    How can you make your Treasurer job description stand out?

    To create a compelling Treasurer job description, ensure that the text targets the candidates that best suit your needs. Describe your company’s monetary processes and how the candidate you employ will help improve operations for a healthier balance sheet. It’s also important to highlight the day-to-day duties and responsibilities of the role so that potential candidates know how they will fit into your organisation. If you require certain experiences or qualifications for the role, mention it in the skills and experiences section. You can also describe your company culture and why it is ideal for candidates to work with your organisation. Information regarding salary and employment benefits can also be helpful.

     

    Who does a Treasurer report to?

    Depending on the organisational structure, a Treasurer can report to a Finance Manager, an Accountant, Director of Operations or other relevant senior executives.

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