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A finance treasurer administrator, most often simply called a treasurer, is a senior financial manager charged with managing the cash of a business. They monitor and analyze a company’s financial history for the purpose of forecasting and developing future cash management strategies.
Corporate treasurers work in the heart of an organization, ensuring their company has adequate capital, is properly handling their cash, effectively managing other finances and minimizing risk. Though all businesses require oversight in these areas, large corporations designate an individual to control these vital financial processes.
We spoke to Simon Neville, about his successful career at the top of the treasury industry. Simon recently finished assignments for some of the worlds largest global organisations, which include a Treasury Director role at Tesco's.
Treasurers serve as financial risk managers that seek to protect a company's value from the financial risks it faces from its business activities. Because these risks can arise from many sources, the role requires an understanding of many areas of business and the ability to communicate with a variety of financial professionals.
Treasury operations and controls looks at the running of a treasury function, taking in its overall policies, the procedures, staffing, systems and controls, and the relationships with parties within and outside the group.
The treasurer of a management committee plays a vital role. Here are some of the key qualities and skills required for an effective treasurer.
What makes people become treasurers of community organizations? Some gravitate to the role because they're good with numbers, others just want to 'put something back'.