Career Details :: Treasurers, Controllers, and Chief Financial Officers
Description
Plan, direct, and coordinate the financial activities of an organization at the highest level of management. Includes financial reserve officers.
Experience
Extensive skill, knowledge, and experience are needed for these occupations. Many require more than five years of experience. For example, surgeons must complete four years of college and an additional five to seven years of specialized medical training to be able to do their job.
Education
A bachelor's degree is the minimum formal education required for these occupations. However, many also require graduate school. For example, they may require a master's degree, and some require a Ph.D., M.D., or J.D. (law degree).
Training
Employees may need some on-the-job training, but most of these occupations assume that the person will already have the required skills, knowledge, work-related experience, and/or training.
Tasks
- Coordinates and directs financial planning, budgeting, procurement, and investment activities of organization.
- Prepares reports or directs preparation of reports summarizing organization's current and forecasted financial position, business activity, and reports required by regulatory agencies.
- Delegates authority for receipt, disbursement, banking, protection, and custody of funds, securities, and financial instruments.
- Analyzes past, present, and expected operations.
- Interprets current policies and practices and plans and implements new operating procedures to improve efficiency and reduce costs.
- Ensures that institution reserves meet legal requirements.
- Arranges audits of company accounts.
- Advises management on economic objectives and policies, investments, and loans for short- and long-range financial plans.
- Evaluates need for procurement of funds and investment of surplus.
Related Careers
- Accountants
- Administrative Services Managers
- Agents and Business Managers of Artists, Performers, and Athletes
- Auditors
- Financial Analysts
- Financial Examiners
- Financial Managers, Branch or Department
Important Abilities
General Work Activities
- Analyzing Data or Information
- Getting Information Needed to Do the Job
- Making Decisions and Solving Problems
- Monitoring and Controlling Resources
- Communicating With Other Workers
Important Skills
- Management of Financial Resources
- Problem Identification
- Information Gathering
- Judgment and Decision Making
- Mathematics
Frequent Work Context
- Consequence of Error
- Importance of Being Exact or Accurate
- Job-Required Social Interaction
- Importance of Being Sure All Is Done
- Frustrating Circumstances
Related Majors
| Major | Add to XapPack |
|---|---|
| Banking/Finance |  [ add ] |
| Business Administration/Finance | [ add ] |
| Business Financial Management | [ add ] |
| Business/Finance | [ add ] |
| Business/Management/Finance | [ add ] |
| Commerce/Finance | [ add ] |
| Corporate Financial Management | [ add ] |
| Economics/Finance | [ add ] |
| Farm Business Management/Finance | [ add ] |
| Finance | [ add ] |
| Finance/Banking | [ add ] |
| Finance/Business | [ add ] |
| Finance/Economics | [ add ] |
| Finance/Financial Services | [ add ] |
| Finance/Insurance | [ add ] |
| Finance/International Business | [ add ] |
| Finance/Investments | [ add ] |
| Finance/Marketing | [ add ] |
| Finance/Pre-Law | [ add ] |
| Finance/Real Estate | [ add ] |
| Finance/Real Estate/Law | [ add ] |
| Financial Management | [ add ] |
| Financial Planning/Services | [ add ] |
| Financial Services | [ add ] |
| Financial Services/Planning | [ add ] |
| Financial Services/Risk Management | [ add ] |
| Insurance/Finance | [ add ] |
| International Business Finance | [ add ] |
| Investment Management | [ add ] |
| Investments | [ add ] |
| Quantitative Methods/Finance | [ add ] |
| Quantitative Methods/Investments | [ add ] |
Institutions Offering Related Majors
No institutions found.