Treasurers and Controllers
Overview
Salary
Demand
Core Tasks
Technology Skills
Tools Used
Top 10 Knowledge Required
Top 10 Skills
Top 10 Abilities
Top 10 Work Activities
Detailed Work Activities
Work Context
Education
Majors
Interests
Top 10 Work Styles
Work Values
Related Careers
Overview
Job Zone Four: Considerable Preparation Needed
Experience
A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
Education
Most of these occupations require a four-year bachelor's degree, but some do not.
Job Training
Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
Examples
Many of these occupations involve coordinating, supervising, managing, or training others. Examples include real estate brokers, sales managers, database administrators, graphic designers, chemists, art directors, and cost estimators.
Direct financial activities, such as planning, procurement, and investments for all or part of an organization.
Salary Salary
Salary at 10th Percentile: $70K
Salary at 25th Percentile: $95K
Median Salary: $134K
Salary at 75th Percentile: $186K
Salary at 90th Percentile: $208K
Demand
Core Tasks
Evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendations.
Delegate authority for the receipt, disbursement, banking, protection, and custody of funds, securities, and financial instruments.
Develop and maintain relationships with banking, insurance, and external accounting personnel to facilitate financial activities.
Prepare and file annual tax returns or prepare financial information so that outside accountants can complete tax returns.
Monitor financial activities and details, such as cash flow and reserve levels, to ensure that all legal and regulatory requirements are met.
Receive, record, and authorize requests for disbursements in accordance with company policies and procedures.
Supervise employees performing financial reporting, accounting, billing, collections, payroll, and budgeting duties.
Coordinate and direct the financial planning, budgeting, procurement, or investment activities of all or part of an organization.
Develop internal control policies, guidelines, and procedures for activities, such as budget administration, cash and credit management, and accounting.
Receive cash and checks and make deposits.
Perform tax planning work.
Prepare or direct preparation of financial statements, business activity reports, financial position forecasts, annual budgets, or reports required by regulatory agencies.
Analyze the financial details of past, present, and expected operations to identify development opportunities and areas where improvement is needed.
Conduct or coordinate audits of company accounts and financial transactions to ensure compliance with state and federal requirements and statutes.
Monitor and evaluate the performance of accounting and other financial staff, recommending and implementing personnel actions, such as promotions and dismissals.
Advise management on short-term and long-term financial objectives, policies, and actions.
Compute, withhold, and account for all payroll deductions.
Maintain current knowledge of organizational policies and procedures, federal and state policies and directives, and current accounting standards.
Provide direction and assistance to other organizational units regarding accounting and budgeting policies and procedures and efficient control and utilization of financial resources.
Handle all aspects of employee insurance, benefits, and casualty programs, including monitoring changes in health insurance regulations and creating budgets for benefits and worker's compensation.
Lead staff training and development in budgeting and financial management areas.
Determine depreciation rates to apply to capitalized items and advise management on actions regarding the purchase, lease, or disposal of such items.
Technology Skills
Technology
Example
Hot Technology
Tools Used
Tool
Example
Top 10 Knowledge Required
Economics and Accounting
92%
Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
English Language
84%
Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
Administration and Management
81%
Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
Mathematics
79%
Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
Personnel and Human Resources
63%
Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
Customer and Personal Service
57%
Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
Law and Government
57%
Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
Computers and Electronics
56%
Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
Education and Training
52%
Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
Clerical
50%
Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.
Top 10 Skills
Complex Problem Solving
83%
Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Critical Thinking
83%
Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Judgment and Decision Making
83%
Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Reading Comprehension
83%
Understanding written sentences and paragraphs in work related documents.
Management of Financial Resources
80%
Determining how money will be spent to get the work done, and accounting for these expenditures.
Speaking
80%
Talking to others to convey information effectively.
Active Listening
78%
Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Monitoring
78%
Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
Mathematics
75%
Using mathematics to solve problems.
Active Learning
73%
Understanding the implications of new information for both current and future problem-solving and decision-making.
Top 10 Abilities
Inductive Reasoning
83%
The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
Written Comprehension
83%
The ability to read and understand information and ideas presented in writing.
Deductive Reasoning
80%
The ability to apply general rules to specific problems to produce answers that make sense.
Near Vision
80%
The ability to see details at close range (within a few feet of the observer).
Oral Comprehension
80%
The ability to listen to and understand information and ideas presented through spoken words and sentences.
Oral Expression
80%
The ability to communicate information and ideas in speaking so others will understand.
Problem Sensitivity
80%
The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
Written Expression
80%
The ability to communicate information and ideas in writing so others will understand.
Information Ordering
78%
The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
Mathematical Reasoning
78%
The ability to choose the right mathematical methods or formulas to solve a problem.
Top 10 Work Activities
Getting Information
96%
Observing, receiving, and otherwise obtaining information from all relevant sources.
Making Decisions and Solving Problems
95%
Analyzing information and evaluating results to choose the best solution and solve problems.
Communicating with Supervisors, Peers, or Subordinates
94%
Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
Analyzing Data or Information
93%
Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
Communicating with Persons Outside Organization
89%
Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.
Interacting With Computers
89%
Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
Establishing and Maintaining Interpersonal Relationships
87%
Developing constructive and cooperative working relationships with others, and maintaining them over time.
Processing Information
86%
Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
Developing Objectives and Strategies
85%
Establishing long-range objectives and specifying the strategies and actions to achieve them.
Organizing, Planning, and Prioritizing Work
83%
Developing specific goals and plans to prioritize, organize, and accomplish your work.
Detailed Work Activities
Determine resource needs.
Recommend organizational process or policy changes.
Direct financial operations.
Establish interpersonal business relationships to facilitate work activities.
Monitor flow of cash or other resources.
Monitor organizational compliance with regulations.
Approve expenditures.
Develop organizational policies or programs.
Develop operating strategies, plans, or procedures.
Collect payments for goods or services.
Prepare financial documents, reports, or budgets.
Prepare reports related to compliance matters.
Evaluate employee performance.
Analyze financial records to improve efficiency.
Conduct financial or regulatory audits.
Manage control system activities in organizations.
Advise others on business or operational matters.
Maintain knowledge of current developments in area of expertise.
Conduct employee training programs.
Compile operational data.
Supervise employees.
Analyze financial records to improve budgeting or planning.
Calculate financial data.
Prepare operational budgets.
Administer compensation or benefits programs.
Determine pricing or monetary policies.
Work Context
Electronic Mail
How often do you use electronic mail in this job?
Face-to-Face Discussions
How often do you have to have face-to-face discussions with individuals or teams in this job?
Telephone
How often do you have telephone conversations in this job?
Indoors, Environmentally Controlled
How often does this job require working indoors in environmentally controlled conditions?
Contact With Others
How much does this job require the worker to be in contact with others (face-to-face, by telephone, or otherwise) in order to perform it?
Importance of Being Exact or Accurate
How important is being very exact or highly accurate in performing this job?
Spend Time Sitting
How much does this job require sitting?
Time Pressure
How often does this job require the worker to meet strict deadlines?
Work With Work Group or Team
How important is it to work with others in a group or team in this job?
Impact of Decisions on Co-workers or Company Results
What results do your decisions usually have on other people or the image or reputation or financial resources of your employer?
Education
Majors based on the broader career Financial Managers
Major
Interests
Conventional
100%
Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
Enterprising
86%
Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.
Investigative
39%
Investigative occupations frequently involve working with ideas, and require an extensive amount of thinking. These occupations can involve searching for facts and figuring out problems mentally.
Social
39%
Social occupations frequently involve working with, communicating with, and teaching people. These occupations often involve helping or providing service to others.
Realistic
24%
Realistic occupations frequently involve work activities that include practical, hands-on problems and solutions. They often deal with plants, animals, and real-world materials like wood, tools, and machinery. Many of the occupations require working outside, and do not involve a lot of paperwork or working closely with others.
Artistic
15%
Artistic occupations frequently involve working with forms, designs and patterns. They often require self-expression and the work can be done without following a clear set of rules.
Top 10 Work Styles
Integrity
100%
Job requires being honest and ethical.
Attention to Detail
97%
Job requires being careful about detail and thorough in completing work tasks.
Dependability
96%
Job requires being reliable, responsible, and dependable, and fulfilling obligations.
Analytical Thinking
93%
Job requires analyzing information and using logic to address work-related issues and problems.
Persistence
91%
Job requires persistence in the face of obstacles.
Stress Tolerance
91%
Job requires accepting criticism and dealing calmly and effectively with high stress situations.
Initiative
90%
Job requires a willingness to take on responsibilities and challenges.
Adaptability/Flexibility
88%
Job requires being open to change (positive or negative) and to considerable variety in the workplace.
Leadership
88%
Job requires a willingness to lead, take charge, and offer opinions and direction.
Achievement/Effort
87%
Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks.
Work Values
Working Conditions
84%
Occupations that satisfy this work value offer job security and good working conditions. Corresponding needs are Activity, Compensation, Independence, Security, Variety and Working Conditions.
Achievement
81%
Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement.
Independence
81%
Occupations that satisfy this work value allow employees to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy.
Support
77%
Occupations that satisfy this work value offer supportive management that stands behind employees. Corresponding needs are Company Policies, Supervision: Human Relations and Supervision: Technical.
Recognition
72%
Occupations that satisfy this work value offer advancement, potential for leadership, and are often considered prestigious. Corresponding needs are Advancement, Authority, Recognition and Social Status.
Relationships
58%
Occupations that satisfy this work value allow employees to provide service to others and work with co-workers in a friendly non-competitive environment. Corresponding needs are Co-workers, Moral Values and Social Service.
