Assistant Treasurer Job Description [Updated for 2025]

In the realm of finance, the role of an Assistant Treasurer has never been more significant.

As the financial landscape evolves, the demand for skilled individuals who can manage, enhance, and secure our fiscal operations increases.

But let’s delve deeper: What’s truly expected from an Assistant Treasurer?

Whether you are:

• A job seeker trying to understand the core responsibilities of this role,
• A hiring manager creating the profile of the ideal candidate,
• Or simply interested in the intricate workings of financial management,

You’re in the right place.

Today, we present a customizable Assistant Treasurer job description template, designed for effortless posting on job boards or career sites.

Let’s dive right into it.

Assistant Treasurer Duties and Responsibilities

Assistant Treasurers provide essential support to the treasurer of an organization.

They are involved in a variety of tasks, including maintaining financial records, managing budgets, and making strategic financial decisions.

The key duties and responsibilities of an Assistant Treasurer are:

• Assisting in the development of financial plans and budgets.
• Overseeing the management of company funds, ensuring they are well invested and secure.
• Maintaining accurate financial records and preparing financial reports and statements.
• Monitoring financial transactions and ensuring they are in compliance with financial regulations.
• Assisting in the management of the organization’s cash flow.
• Implementing and monitoring control systems to prevent inaccuracies in financial statements.
• Coordinating with other departments to gather and analyze financial data.
• Assisting with the preparation of the company’s annual report.
• Recommending financial actions by analyzing accounting options.
• Participating in financial audits and implementing improvements recommended by auditors.

 

Assistant Treasurer Job Description Template

Job Brief

We are looking for a detail-oriented and experienced Assistant Treasurer to manage the company’s financial and treasury operations.

The Assistant Treasurer will be responsible for cash management, financial planning, risk management, and the development and implementation of treasury practices.

Our ideal candidate has strong numerical skills, good business acumen, and in-depth knowledge of financial legislation and risk management practices.

The Assistant Treasurer should be able to make sound decisions under pressure, possess excellent leadership qualities, and be proficient in the use of financial software.

 

Responsibilities

• Assist in the development and implementation of treasury policies and procedures.
• Manage daily cash flow and supervise banking activities.
• Prepare and present financial reports and risk assessments.
• Coordinate and manage the company’s debt portfolio.
• Develop strategies to optimize cash positions and reduce financial risk.
• Oversee the operation of electronic funds transfer systems.
• Establish relationships with financial service providers.
• Ensure compliance with financial regulations and standards.
• Participate in financial audits.
• Provide advice on financial matters impacting the company’s corporate strategy.

 

Qualifications

• Proven work experience in a treasury function or similar role.
• Strong understanding of financial legislation, regulation, and practices.
• Knowledge of investment and risk management.
• Experience with financial software and databases.
• Excellent numerical skills and understanding of data analysis/statistical methods.
• Good organizational and communication skills.
• An analytical mind with a strategic ability.
• BSc/MSc degree in Finance, Accounting or relevant field.

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Professional development opportunities

 

Additional Information

• Job Title: Assistant Treasurer
• Work Environment: Office setting with potential for some remote work. Some travel may be required for industry conferences or meetings.
• Reporting Structure: Reports to the Treasurer or Chief Financial Officer.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $80,000 minimum to $150,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does an Assistant Treasurer Do?

An Assistant Treasurer is a key role within the finance department of an organization, often working directly under the guidance of the treasurer or chief financial officer.

They support various financial activities such as cash management, financial risk management, and corporate finance.

One of their primary responsibilities is to assist in managing the organization’s liquidity and ensuring that sufficient funds are available to meet ongoing operational expenses.

This involves monitoring cash inflows and outflows, forecasting future cash requirements, and making recommendations on short and long-term investments or borrowing strategies.

Assistant Treasurers also play a role in risk management, where they help identify, evaluate, and mitigate financial risks.

This can include risks related to currency exchange rates, interest rates, credit, and commodities.

They are often involved in raising capital through issuing debt or equity and may participate in negotiations with financial institutions and investors.

In some organizations, Assistant Treasurers may also be responsible for financial reporting, ensuring compliance with financial regulations, and providing input into strategic financial decisions.

Overall, the Assistant Treasurer’s role is to support the Treasurer in effectively managing the organization’s financial resources and risks.

 

Assistant Treasurer Qualifications and Skills

An Assistant Treasurer should have a combination of technical, analytical and soft skills, such as:

• Financial management skills to oversee the organization’s monetary resources and formulate financial strategies.
• Knowledge of financial regulations and standards for maintaining compliance in all financial transactions and reports.
• Problem-solving skills to identify and resolve financial discrepancies, inefficiencies or issues that may arise.
• Strong mathematical skills for managing and analyzing large volumes of financial data.
• Communication skills for presenting financial data and complex financial concepts to stakeholders and non-financial team members.
• Interpersonal skills for building relationships with team members, stakeholders and other departments within the organization.
• Organizational skills to effectively manage multiple tasks, meet deadlines and prioritize workload.
• Computer skills, especially proficiency in financial software and Microsoft Excel, for managing, analyzing, and presenting financial data.
• Leadership skills to supervise and guide staff in the treasury department.

 

Assistant Treasurer Experience Requirements

Assistant Treasurers typically need a minimum of 3 to 5 years of experience in corporate finance or treasury.

This experience can be gained through roles such as Financial Analyst, Accountant, or Treasury Analyst.

Candidates for Assistant Treasurer roles should have demonstrated experience in managing financial risks, overseeing cash management, handling financial planning and reporting, and understanding capital markets.

Those with over 5 years of experience, particularly in managing a team or overseeing significant financial projects, may be especially well-qualified.

Further, experience with financial software and systems, as well as industry regulations and standards, is usually required.

Some employers may prefer candidates with previous experience in a similar industry or with specific financial certifications.

For instance, Certified Treasury Professional (CTP) designation can be an asset.

In many cases, employers will also value experience in strategic planning and decision making, as Assistant Treasurers often work closely with senior executives and board members.

 

Assistant Treasurer Education and Training Requirements

Assistant Treasurers typically have a bachelor’s degree in finance, economics, business administration or a related field.

In addition to this, they need a solid understanding of financial management principles and practices, as well as the regulatory environment affecting financial operations.

Many employers prefer candidates with a master’s degree in business administration (MBA) or finance.

This advanced education can provide an in-depth understanding of financial management strategies and international finance issues.

Certifications such as the Certified Treasury Professional (CTP) designation, offered by the Association for Financial Professionals, are often encouraged and can make a candidate more competitive.

The CTP certification indicates that the Assistant Treasurer has a strong foundation in treasury management, cash management, corporate finance, and risk management.

While not always required, a background in public accounting or a Certified Public Accountant (CPA) certification can also be beneficial.

In addition to formal education and certification, Assistant Treasurers require several years of experience in the finance or treasury department of a company, often as a financial analyst or accountant.

Ongoing professional development is essential in this role to stay updated with changes in financial regulations and emerging trends in treasury management.

 

Assistant Treasurer Salary Expectations

The average salary for an Assistant Treasurer is $97,500 (USD) per year.

This salary can vary based on factors such as years of experience, company size, industry, and geographical location.

 

Assistant Treasurer Job Description FAQs

What skills does an Assistant Treasurer need?

Assistant Treasurers need to have excellent analytical skills to assess financial data and make informed decisions.

They should possess strong communication and interpersonal skills to interact with different departments and present financial information.

Attention to detail, understanding of financial regulations, and proficiency in financial software are also important for this role.

 

Do Assistant Treasurers need a degree?

Most Assistant Treasurers should have a bachelor’s degree in finance, accounting, or a related field.

Some companies may prefer candidates with a master’s degree or additional qualifications such as Certified Treasury Professional (CTP) or Chartered Financial Analyst (CFA).

 

What should you look for in an Assistant Treasurer resume?

In an Assistant Treasurer’s resume, look for a solid educational background in finance or accounting, and prior experience in treasury or finance roles.

Key skills to look out for include financial analysis, risk management, cash management, and knowledge of financial software.

Any relevant certifications or memberships with professional finance bodies could also be advantageous.

 

What qualities make a good Assistant Treasurer?

A good Assistant Treasurer has a strong understanding of financial management principles and treasury best practices.

They should be detail-oriented, analytical, and capable of making sound financial decisions.

Good Assistant Treasurers should also have strong communication skills, as they often need to present and explain complex financial information to other team members and stakeholders.

 

Is it difficult to hire an Assistant Treasurer?

Finding a qualified Assistant Treasurer can be challenging due to the specific financial knowledge and skills required for the role.

The hiring process may be easier if you offer competitive salaries, opportunities for professional development, and a clear career progression path.

 

Conclusion

So there you have it.

Today, we’ve unveiled the truth behind the role of an assistant treasurer.

And guess what?

It’s not just about managing money.

It’s about shaping the financial future of the organization, one financial decision at a time.

With our comprehensive assistant treasurer job description template and real-world examples, you’re well-prepared to take the next step.

But why stop there?

Go deeper with our job description generator. It’s your ultimate tool for creating precise job listings or refining your resume to perfection.

Remember:

Every financial decision is a part of the bigger picture.

Let’s shape that future. Together.

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