What personality traits do treasurers have? (2024)

FAQs

What personality traits do treasurers have? ›

Accuracy and precision are other important traits a good treasurer must possess. Payments and collections, for example, must always be made on time (not before and not after) and good forecasting always requires a high degree of accuracy. This trait must be complemented by a quick mind.

Accuracy and precision are other important traits a good treasurer must possess. Payments and collections, for example, must always be made on time (not before and not after) and good forecasting always requires a high degree of accuracy. This trait must be complemented by a quick mind.

You need a combination of technical, finance and social skills, together with a willingness to ask questions and become closely involved in the business and its people. It's also important that you can win trust, work ethically and act with integrity and confidence when making business decisions.

The best qualities of a treasurer for a non-profit organization include attention to detail, is detail, financial literacy, and accurate record keeping. Being open to asking and answering questions is also a good quality for the treasurer of a non-profit organization.

Look for an applicant who has good time-management skills and is able to pay attention to fine details. They should demonstrate an ability to produce accurate results while still respecting deadlines. The ideal candidate should also be in the habit of double-checking their figures.

Treasurers need to exercise effective communication skills as they often work closely with others. Besides communicating with other individuals on the finance team, treasurers also have to report findings and explain financial decisions to members of the executive team and board of directors.

In essence, you need a combination of technical, finance and social skills, together with a willingness to become closely involved in the business and its people. It's also important you can win trust, are ethical in approach and act with integrity when making business decisions.

Includes basic principles of managing money, keeping track of cash and bank accounts, and sharing information with the rest of your group. As treasurer, you have day-to-day responsibility for looking after your group's money.

The Bottom Line. A corporate treasurer can be an ideal career path for people who enjoy working with numbers and analyzing risk. Getting a bachelor's degree in economics, finance, or a math-related field will provide a good foundation to enter this profession.

What is expected of a treasurer? ›

A Treasurer, or Financial Controller, oversees all financial transactions and fundraising efforts going in or out of an organizing committee. Their primary duties include budget planning, financial reporting, record-keeping, and managing incoming and outgoing funds. Build a Job Description.

As Treasurer, your primary objective will be to safeguard the company's financial well-being, ensuring its long-term success. By implementing robust financial strategies and closely monitoring financial activities, you will contribute to maintaining the organization's stability and growth.

Financial Expertise: The treasurer should have a strong background in finance, accounting, or related fields. They should be familiar with financial principles, budgeting, and financial reporting and analysis.

Treasurers tend to be predominantly conventional individuals, meaning that they are usually detail-oriented and organized, and like working in a structured environment. They also tend to be enterprising, which means that they are usually quite natural leaders who thrive at influencing and persuading others.

The specifics of a nonprofit treasurer's financial leadership role vary depending on the size of the organization they serve. In larger nonprofits, for example, the treasurer may be involved in broad-scale, strategic undertakings like: Spearheading budget discussions during board meetings.

An Accountant primarily focuses on financial record-keeping, reporting, and tax compliance, while a Treasury Accountant oversees a company's financial strategy, liquidity, and cash management, often including investments and risk management.

Main Duties:

Deal efficiently and effectively with all invoices and bills. Keep up to date records of all the financial transactions. Ensure that funds are spent properly. Issue receipts and record all money received.