Basic Function: The treasurer position is responsible for corporate liquidity, investments, and

risk management related to the company's financial activities. Principal Accountabilities: ...
Invest pension funds. Monitor the activities of third parties handling outsourced treasury
functions on behalf of the company.

What is the treasurer's main responsibility?

Typically, the Treasurer's duties include the following: Financial management and/or oversight.
A Treasurer may manage or oversee the management of the financial affairs of the
organization, often including such basic tasks as selecting a bank, reconciling bank statements,
and managing cash flow.

Why would I be a good treasurer?

The most important duty of a treasurer is to be a good custodian of the PTO's money. ... While
the treasurer has the financial answers, she does not make decisions in a vacuum. The money
is not yours exclusively. You must work as part of the parent group team and within the
limitations of the group's budget.

Why is Treasury important?

The Treasury function in any corporate has always been important in making sure that the
business has sufficient liquidity to meet its obligations, whilst managing payments, receipts and
financial risks effectively.

Characteristics of a Good Treasurer

The treasurer of a management committee plays a vital role. Below are summarised some of the
key qualities and skills required for an effective treasurer.

Qualities, skills, knowledge

A good treasurer will:

 be capable of handling figures and cash;

 have an orderly mind and methodical way of thinking;
 have experience in dealing with large sums of money and budgets;
 have experience of financial control and budgeting;
 have an eye for detail;
 be available to be contacted for ad hoc advice;
 have a financial qualification or relevant experience;
 have experience of pension schemes;
 good communication and interpersonal skills;
  ability to ensure decisions are taken and followed-up; and
 show good time-keeping.

Do's and Don'ts

A good treasurer will: A good treasurer will NOT:

Commit fraud - i.e. 'borrow' group funds for
Be trustworthy.
his/her own use.
Be impartial. Make him/herself indispensable.
Carry group money around for weeks before
Feel comfortable working with figures.
banking it.
Be willing to explain figures if asked. Neglect to pay bills.
Be methodical. Ignore the law.
Overdraw group funds without the agreement of
Bank group money as quickly as possible.
the committee.
Make it easy for others to take over by keeping Pay or receive money without making a note of
clear records. it.