Assistant Treasurer

Public Sector
Last Updated:
July 19, 2023

Job Description Overview

If you're interested in becoming an Assistant Treasurer in the Public Sector industry, you'll find yourself in a job that involves financial management, investment management, and risk management. Your responsibilities will include reviewing financial reports, supervising financial transactions, and ensuring compliance with financial regulations. You'll also be responsible for creating budgets, forecasting financial trends, and analyzing financial data to help your team make informed decisions.

As an Assistant Treasurer, you'll play an important role in managing the finances of your organization. You'll work closely with other financial professionals, such as accountants and auditors, to ensure that your organization's financial records are accurate and up-to-date. You'll also be responsible for overseeing the investment of your organization's funds, making sure that investments are diversified and that risk is managed appropriately.

Overall, an Assistant Treasurer job description includes playing a key role in managing the finances of a Public Sector organization. If you have a passion for finance, an eye for detail, and great analytical skills, this could be the perfect job for you.

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Job Duties and Responsibilities

  • Assist with managing the financial operations of a public sector organization.
  • Handle cash management, investment activities, and debt issuance.
  • Prepare financial reports and assist with budget development.
  • Ensure compliance with financial regulations and reporting requirements.
  • Monitor and analyze financial data to identify trends and provide recommendations.
  • Collaborate with other departments and stakeholders to identify financial needs and solutions.
  • Participate in the development of long-term financial plans.
  • Manage relationships with financial institutions and vendors.
  • Provide support for audits and provide information to stakeholders as needed.

Experience and Education Requirements

To be an Assistant Treasurer in the Public Sector, you need a mix of education and experience. Usually, you need to have a bachelor's degree in finance, accounting, or a related field, as well as several years of experience working in a similar role. It's important to have a strong understanding of financial management, including budgeting, analysis, and forecasting. Additionally, many employers look for candidates with excellent communication skills, as well as strong leadership and problem-solving abilities. You might also need to have experience using specialized software and tools, such as accounting software and financial databases. Overall, if you're interested in becoming an Assistant Treasurer, you'll need to be highly knowledgeable and skilled in the field of financial management.

Salary Range

As an Assistant Treasurer in the Public Sector industry in the United States, the expected salary range is typically between $60,000 and $100,000 per year, depending on experience and location. However, salaries can vary significantly based on factors such as the size of the organization and the level of responsibility involved in the role. In the UK, the average salary for an Assistant Treasurer is £36,000-£40,000 per year, while in Canada, the range is C$55,000 to C$110,000 annually. It's important to note that these salary ranges may change over time and can vary based on many factors. 


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Career Outlook

The career outlook for an Assistant Treasurer in the Public Sector industry over the next 5 years is promising since there is an increase in demand for financial experts in government sectors. A study by the Bureau of Labor Statistics predicts a 13% growth rate for financial managers, including assistant treasurers, from 2019 to 2029. The main reason for this potential increase is the growing complexity of government financial systems and regulations. Moreover, the need for financial accountability in the public sector has increased in recent years. This, coupled with the retirement of senior financial executives, creates a significant opportunity for entry-level finance professionals to advance their careers. Thus, becoming an Assistant Treasurer in the public sector is an excellent career option.

Frequently Asked Questions (FAQ)

Q: What does an Assistant Treasurer in the Public Sector industry do?

A: An Assistant Treasurer in the Public Sector industry is responsible for managing the financial affairs of a government organization. They monitor and analyze budgets, oversee investments, and evaluate financial risks.

Q: What qualifications are necessary to become an Assistant Treasurer in the Public Sector industry?

A: An Assistant Treasurer usually requires at least a bachelor's degree in accounting, finance, or a related field. They should also have experience in managing financial operations and be knowledgeable in areas such as investment management, cash management, and financial risk analysis.

Q: What are the essential skills that an Assistant Treasurer in the Public Sector industry should possess?

A: Assistant Treasurers need to have excellent communication skills, analytical skills, and be proficient in using financial software. They should also possess strong organizational skills, problem-solving skills, and the ability to work well under pressure.

Q: What are the challenges that an Assistant Treasurer in the Public Sector industry might face?

A: Assistant Treasurers in the Public Sector industry usually face challenges such as developing and implementing financial policies and strategies in a fiscal climate that is constantly changing. They must also be able to work with diverse groups of people and organizations, and their decisions must be transparent and fair.

Q: What is the career progression path for an Assistant Treasurer in the Public Sector industry?

A: Assistant Treasurers can move up to become Senior Assistant Treasurers, Treasury Directors or CFOs. They can also take on roles in other government agencies such as government departments or international organizations. Additional certification and education can enhance career opportunities.

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