Treasurers and controllers

Treasurers and controller direct financial activities, such as planning,  procurement, and investment for all or part of an organization.

Some of the job titles of this field are Comptroller, Controller, Corporate Controller, Corporate Treasurer, Regional Controller, School Treasurer, Treasurer, Treasury Consultant.

Occupation specific Information

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.

·         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.

Occupational Requirement

Work Activities

·         Determine resource needs.

·         Recommend organizational process or policy changes.

·         Direct financial operations.

·         Prepare financial documents, reports, or budgets.

·         Establish interpersonal business relationships to facilitate work activities.

Education & Experience Requirement

Education

2 year post graduate diploma in finance

Related 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.

Job Training

Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.

Skills Required

Complex Problem Solving — identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.

Critical Thinking — using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.

Judgment and Decision Making — Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Reading Comprehension — Understanding written sentences and paragraphs in work-related documents.

Management of Financial Resources — determining how money will be spent to get the work done, and accounting for these expenditures.

Knowledge Required

Economics and Accounting — Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.

English Language — 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 — Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modelling, leadership technique, production methods, and coordination of people and resources.

Mathematics — Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

Personnel and Human Resources — Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labour relations and negotiation, and personnel information systems.

Worker Characteristic

• Enterprising — Work involves managing, negotiating, marketing, or selling, typically in a business setting, or leading or advising people in political and legal situations. Enterprising occupations are often associated with business initiatives, sales, marketing/advertising, finance, management/administration, professional advising, public speaking, politics, or law.

• Conventional — Work involves following procedures and regulations to organize information or data, typically in a business setting. Conventional occupations are often associated with office work, accounting, mathematics/statistics, information technology, finance, or human resources..

Related Occupation

·         Accountant and Auditors

·         Budget  Analyst

·         Chief Executives

·         Financial Examiners

·         Financial Managers