CareerGPS

Treasurers and Controllers
Summary Occupational Forecast Data for Financial Managers
Employment Employment Change Average Annual Job Openings Wage & Training Levels
2018 2023 Numerical Percent New Jobs Replacement Jobs Total Median Hourly Median Annual Training Levels
4,593 5,195 602 13.11% 120 360 480 $46.03 $95,732 Bachelor's degree
Description: Direct financial activities, such as planning, procurement, and investments for all or part of an organization.
Staffing Pattern Data Forecast Data Source: EMSI (2nd Quarter 2018)

Occupation Details

The information in this section represents occupational characteristics included in O*NET which defines key features of an occupation as a standardized, measurable set of variables called "descriptors". These distinguishing characteristics of an occupation are described in greater detail in the O*NET Content Model. All items are listed in descending order of importance.

  • Prepare and file annual tax returns or prepare financial information so that outside accountants can complete tax returns.
  • Prepare or direct preparation of financial statements, business activity reports, financial position forecasts, annual budgets, or reports required by regulatory agencies.
  • Supervise employees performing financial reporting, accounting, billing, collections, payroll, and budgeting duties.
  • Delegate authority for the receipt, disbursement, banking, protection, and custody of funds, securities, and financial instruments.
  • Maintain current knowledge of organizational policies and procedures, federal and state policies and directives, and current accounting standards.
  • Conduct or coordinate audits of company accounts and financial transactions to ensure compliance with state and federal requirements and statutes.
  • Receive, record, and authorize requests for disbursements in accordance with company policies and procedures.
  • Monitor financial activities and details such as reserve levels to ensure that all legal and regulatory requirements are met.
  • Monitor and evaluate the performance of accounting and other financial staff, recommending and implementing personnel actions, such as promotions and dismissals.
  • Develop and maintain relationships with banking, insurance, and nonorganizational accounting personnel to facilitate financial activities.
  • Coordinate and direct the financial planning, budgeting, procurement, or investment activities of all or part of an organization.
  • Develop internal control policies, guidelines, and procedures for activities such as budget administration, cash and credit management, and accounting.
  • Analyze the financial details of past, present, and expected operations to identify development opportunities and areas where improvement is needed.
  • Advise management on short-term and long-term financial objectives, policies, and actions.
  • Provide direction and assistance to other organizational units regarding accounting and budgeting policies and procedures and efficient control and utilization of financial resources.
  • Evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendations.
  • Lead staff training and development in budgeting and financial management areas.
  • Receive cash and checks and make deposits.
  • Compute, withhold, and account for all payroll deductions.

Knowledge

90%
English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
82%
Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
77%
Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
71%
Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
65%
Personnel and Human Resources - Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
65%
Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
55%
Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
52%
Education and Training - Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.

Skills

75%
Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
75%
Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
72%
Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
72%
Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
69%
Speaking - Talking to others to convey information effectively.
69%
Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
69%
Writing - Communicating effectively in writing as appropriate for the needs of the audience.
65%
Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.
65%
Management of Financial Resources - Determining how money will be spent to get the work done, and accounting for these expenditures.
65%
Time Management - Managing one's own time and the time of others.
65%
Coordination - Adjusting actions in relation to others' actions.
62%
Social Perceptiveness - Being aware of others' reactions and understanding why they react as they do.
62%
Mathematics - Using mathematics to solve problems.
62%
Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
60%
Systems Evaluation - Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.
60%
Operations Analysis - Analyzing needs and product requirements to create a design.
60%
Management of Personnel Resources - Motivating, developing, and directing people as they work, identifying the best people for the job.
53%
Systems Analysis - Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
53%
Learning Strategies - Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.
50%
Service Orientation - Actively looking for ways to help people.
50%
Instructing - Teaching others how to do something.
50%
Negotiation - Bringing others together and trying to reconcile differences.
50%
Persuasion - Persuading others to change their minds or behavior.

Abilities

75%
Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
72%
Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
72%
Speech Clarity - The ability to speak clearly so others can understand you.
72%
Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.
72%
Problem Sensitivity - The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
72%
Written Comprehension - The ability to read and understand information and ideas presented in writing.
69%
Speech Recognition - The ability to identify and understand the speech of another person.
69%
Near Vision - The ability to see details at close range (within a few feet of the observer).
66%
Category Flexibility - The ability to generate or use different sets of rules for combining or grouping things in different ways.
66%
Number Facility - The ability to add, subtract, multiply, or divide quickly and correctly.
66%
Mathematical Reasoning - The ability to choose the right mathematical methods or formulas to solve a problem.
66%
Information Ordering - The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
66%
Inductive Reasoning - The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
66%
Written Expression - The ability to communicate information and ideas in writing so others will understand.
56%
Perceptual Speed - The ability to quickly and accurately compare similarities and differences among sets of letters, numbers, objects, pictures, or patterns. The things to be compared may be presented at the same time or one after the other. This ability also includes compa
56%
Selective Attention - The ability to concentrate on a task over a period of time without being distracted.
53%
Finger Dexterity - The ability to make precisely coordinated movements of the fingers of one or both hands to grasp, manipulate, or assemble very small objects.
50%
Flexibility of Closure - The ability to identify or detect a known pattern (a figure, object, word, or sound) that is hidden in other distracting material.
50%
Speed of Closure - The ability to quickly make sense of, combine, and organize information into meaningful patterns.
50%
Fluency of Ideas - The ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity).
50%
Originality - The ability to come up with unusual or clever ideas about a given topic or situation, or to develop creative ways to solve a problem.

Work Activities

96%
Interacting With Computers - Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
86%
Getting Information - Observing, receiving, and otherwise obtaining information from all relevant sources.
86%
Processing Information - Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
82%
Analyzing Data or Information - Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
77%
Monitoring and Controlling Resources - Monitoring and controlling resources and overseeing the spending of money.
75%
Communicating with Supervisors, Peers, or Subordinates - Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
74%
Establishing and Maintaining Interpersonal Relationships - Developing constructive and cooperative working relationships with others, and maintaining them over time.
72%
Making Decisions and Solving Problems - Analyzing information and evaluating results to choose the best solution and solve problems.
72%
Updating and Using Relevant Knowledge - Keeping up-to-date technically and applying new knowledge to your job.
71%
Evaluating Information to Determine Compliance with Standards - Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
70%
Organizing, Planning, and Prioritizing Work - Developing specific goals and plans to prioritize, organize, and accomplish your work.
67%
Identifying Objects, Actions, and Events - Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.
66%
Performing Administrative Activities - Performing day-to-day administrative tasks such as maintaining information files and processing paperwork.
65%
Communicating with Persons Outside Organization - Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.
63%
Documenting/Recording Information - Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
61%
Interpreting the Meaning of Information for Others - Translating or explaining what information means and how it can be used.
60%
Developing Objectives and Strategies - Establishing long-range objectives and specifying the strategies and actions to achieve them.
56%
Resolving Conflicts and Negotiating with Others - Handling complaints, settling disputes, and resolving grievances and conflicts, or otherwise negotiating with others.
56%
Thinking Creatively - Developing, designing, or creating new applications, ideas, relationships, systems, or products, including artistic contributions.
54%
Guiding, Directing, and Motivating Subordinates - Providing guidance and direction to subordinates, including setting performance standards and monitoring performance.
53%
Judging the Qualities of Things, Services, or People - Assessing the value, importance, or quality of things or people.
52%
Scheduling Work and Activities - Scheduling events, programs, and activities, as well as the work of others.
50%
Estimating the Quantifiable Characteristics of Products, Events, or Information - Estimating sizes, distances, and quantities; or determining time, costs, resources, or materials needed to perform a work activity.
Title Job Zone Five: Extensive Preparation Needed
Overall 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.
Job 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.
Job Zone Examples These occupations often involve coordinating, training, supervising, or managing the activities of others to accomplish goals. Very advanced communication and organizational skills are required. Examples include librarians, lawyers, aerospace engineers, wildlife biologists, school psychologists, surgeons, treasurers, and controllers.
Education Most of these occupations 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).

Interests

Conventional - Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
Enterprising - Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.

Work Styles

Integrity - Job requires being honest and ethical.
Cooperation - Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude.
Analytical Thinking - Job requires analyzing information and using logic to address work-related issues and problems.
Dependability - Job requires being reliable, responsible, and dependable, and fulfilling obligations.
Attention to Detail - Job requires being careful about detail and thorough in completing work tasks.
Independence - Job requires developing one's own ways of doing things, guiding oneself with little or no supervision, and depending on oneself to get things done.
Persistence - Job requires persistence in the face of obstacles.
Initiative - Job requires a willingness to take on responsibilities and challenges.
Achievement/Effort - Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks.
Self Control - Job requires maintaining composure, keeping emotions in check, controlling anger, and avoiding aggressive behavior, even in very difficult situations.
Innovation - Job requires creativity and alternative thinking to develop new ideas for and answers to work-related problems.

Work Values

Working Conditions - Occupations that satisfy this work value offer job security and good working conditions. Corresponding needs are Activity, Compensation, Independence, Security, Variety and Working Conditions.
Achievement - Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement.
Independence - Occupations that satisfy this work value allow employees to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy.
Support - Occupations that satisfy this work value offer supportive management that stands behind employees. Corresponding needs are Company Policies, Supervision: Human Relations and Supervision: Technical.
Recognition - Occupations that satisfy this work value offer advancement, potential for leadership, and are often considered prestigious. Corresponding needs are Advancement, Authority, Recognition and Social Status.