treasurers

Treasurers are officials or officers responsible for managing an organization’s financial resources. They may sit on a board as fiduciaries or hold an executive or staff role within the organization. The scope of responsibility varies by sector and jurisdiction but typically includes cash management, budgeting, accounting, and oversight of investments and debt.

Across sectors, duties differ in emphasis. In corporations, the treasurer oversees liquidity, banking relations, funding strategies, risk management, and internal controls. In nonprofit organizations, the focus often includes grant administration, handling restricted funds, and ensuring donor and grantor compliance. In government or public finance, a treasurer may be elected or appointed to oversee the collection and stewardship of public funds, paying obligations, and managing treasury accounts.

The treasurer usually works in coordination with other financial leaders such as the chief financial officer or controller, and with the audit committee and external auditors. Typical responsibilities include maintaining accurate financial records, ensuring regulatory compliance, preparing financial reports, managing cash flow, and guarding against fraud and misappropriation. They may also oversee budgeting processes, financial planning, and the organization’s banking relationships.

Appointment and term lengths vary. In some jurisdictions, treasurers are elected officials; in others, they are appointed by the CEO or board and may serve for defined terms. Roles and duties are frequently defined in bylaws, charters, or governance documents, and may be complemented by formal financial policies.

Skills and qualifications commonly associated with the role include strong accounting knowledge, cash management, budgeting, risk assessment, and clear communication. Professional credentials such as CPA or CMA are common in many settings, though not universally required. Ethical fiduciary duty and transparency are central to the treasurer’s responsibilities.