Assistant Treasurer Responsibilities
An assistant treasurer is a professional who works in government or a large organization and is in charge of the treasury. The main assistant treasurer responsibilities include analyzing the financial records and assisting the team members and the Treasury Manager to successfully perform different kinds of treasury management duties.
Prime Responsibilities of an Assistant Treasurer
The role of an assistant treasurer is not easy. To become successful in this field, you first need to know and have a good understanding of the responsibilities that you will need to shoulder as an assistant treasurer. Listed below are few of the major responsibilities of an assistant treasurer:
- He should assist the immediate senior manager in planning, developing and organizing different strategies to ensure smooth flow of organization
- His prime responsibility is to prepare the financial reports. He should be comfortable in preparing various kinds of reports, documents or any kind of professional correspondence
- He is responsible for conducting, calculating different expenditure estimates. Preparing and monitoring the budgets and the related reports. Carry out all the duties related to book keeping and payments. He should be able to maintain all the bank accounts, planning, administering and implementing different kinds of procedures so as to meet the cash requirements
- He can even suggest some better investment programs
- He should be able to represent the Treasury Manager in his absence and be able to lead and guide the subordinates in various departments
- Ensure that the department follows all the standard rules and policies
- He should be able to supervise the staff members. He should be able to allot work to them, help them in solving the issues related to the work, and understand their problem areas and concerns. He may also be involved in the recruitment and training of the new trainees
- Transparency in maintaining proper records and documents
- Entering the financial data accurately and speedily
The role of a typical treasurer is to act as a point of contact for the treasury manager and the members of the organization. He is responsible for safeguarding the interests of the organization. He is updated with the latest financial status of the organization confirming that they follow all the legal rules and regulations. He is the best person to guide whenever anyone needs to retrieve any kind of information.
Qualities and the Pre-requisite Skills That Make a Winning Assistant Treasurer
- Should have a passion to handle large volumes of numerical data and cash
- Should be able to follow instructions
- Should have hands on experience in financial controlling and budgeting
- Should be reliable, honest, trustworthy and unbiased
- Proper organizational and time management skills
- Should have extensive knowledge of accounting and the legal laws, rules and procedures pertaining to governing body or organization.
- Should be very transparent and should be able to provide and explain the relevant details whenever demanded
- Should possess excellent communication skills
- Should be well-versed with latest office equipments and procedures
- Should be proficient in handling computers
- Should be able to work independently and effectively without the instructions of any superior
Any person who is a graduate in finance related field with relevant professional experience of more than two years is eligible to apply for the post of an assistant treasurer in any government body or any medium and large sized organization.
The assistant treasurer is required to work in the office having general office timings. However, he may be required to work extra during the accounting closing procedures. He may need to communicate with international clients and thus require traveling at times.
Career Graph for an Assistant Treasurer
The role of an assistant treasurer demands maturity and you should definitely feel honored to get such a responsible position. Surely, you can assign some or part of your work to the subordinates; but it is you who will be responsible if anything untoward happens. By taking on the responsibility of an assistant treasurer, you are taking your first little step to climb up the ladder to become a successful treasurer.