Occupation Summary

Treasurers and Controllers

O*NET 11-3031.01

Description:

Direct financial activities, such as planning, procurement, and investments for all or part of an organization.

Annual Wages:
$172,530.00
Employment Rate:
Employment is expected to increase by 32.25%.
Education Level:
Bachelor's Degree. According to O*Net, the majority of people employed in this occupation have this level of education.
Endorsement:
Business and Industry, Science Technology Engineering and Math (STEM)

  1. Prepare and file annual tax returns or prepare financial information so that outside accountants can complete tax returns.
  2. Prepare or direct preparation of financial statements, business activity reports, financial position forecasts, annual budgets, or reports required by regulatory agencies.
  3. Supervise employees performing financial reporting, accounting, billing, collections, payroll, and budgeting duties.
  4. Delegate authority for the receipt, disbursement, banking, protection, and custody of funds, securities, and financial instruments.
  5. Maintain current knowledge of organizational policies and procedures, federal and state policies and directives, and current accounting standards.
  6. Conduct or coordinate audits of company accounts and financial transactions to ensure compliance with state and federal requirements and statutes.
  7. Receive, record, and authorize requests for disbursements in accordance with company policies and procedures.
  8. Monitor and evaluate the performance of accounting and other financial staff, recommending and implementing personnel actions, such as promotions and dismissals.
  9. Develop and maintain relationships with banking, insurance, and external accounting personnel to facilitate financial activities.
  10. Coordinate and direct the financial planning, budgeting, procurement, or investment activities of all or part of an organization.
  11. Develop internal control policies, guidelines, and procedures for activities, such as budget administration, cash and credit management, and accounting.
  12. Analyze the financial details of past, present, and expected operations to identify development opportunities and areas where improvement is needed.
  13. Advise management on short-term and long-term financial objectives, policies, and actions.
  14. Provide direction and assistance to other organizational units regarding accounting and budgeting policies and procedures and efficient control and utilization of financial resources.
  15. Evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendations.
  16. Lead staff training and development in budgeting and financial management areas.
  17. Receive cash and checks and make deposits.
  18. Compute, withhold, and account for all payroll deductions.
  19. Perform tax planning work.
  20. Determine depreciation rates to apply to capitalized items and advise management on actions regarding the purchase, lease, or disposal of such items.
  21. Monitor financial activities and details, such as cash flow and reserve levels, to ensure that all legal and regulatory requirements are met.
  22. Handle all aspects of employee insurance, benefits, and casualty programs, including monitoring changes in health insurance regulations and creating budgets for benefits and worker's compensation.


National Industry Employment Patterns


Industry % of Treasurers and Controllers employed Annual Growth Rate
Accounting, tax preparation, bookkeeping, and payroll services 6.5 1.19
Insurance carriers 5.2 1.57
Nondepository credit intermediation 3 1.81
Colleges, universities, and professional schools 2.3 1.34
Agencies, brokerages, and other insurance related activities 2.3 2.17
Management, scientific, and technical consulting services 2.2 2.03


Labor Market Information


2024 Statewide average hourly wage $82.95
2024 National average hourly wage $86.76
2022 National employment 792,600
2022 Texas employment 58,032
Texas projected employment by 2032 76,748
Texas projected annual employment and Turnover openings through 2032 6,357




TEXAS COUNTY MAP BY WORKFORCE DEVELOPMENT AREA
* Due to confidentiality rules, not all regions may have the data displayed. The sum of all the regions may not be equal to the state total.


Top 10 Relevant Knowledge Areas Relevant Importance Levels
Economics and Accounting
Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
92.00%
English Language
Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
84.00%
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.
80.80%
Mathematics
Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
78.40%
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.
62.40%
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.
56.80%
Law and Government
Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
56.80%
Computers and Electronics
Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
56.00%
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.
51.20%
Administrative
Knowledge of administrative and office procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and workplace terminology.
49.60%


Top 10 Relevant Skill Areas Relevant Importance Levels
Reading Comprehension
Understanding written sentences and paragraphs in work-related documents.
82.40%
Critical Thinking
Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
82.40%
Complex Problem Solving
Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
82.40%
Judgment and Decision Making
Considering the relative costs and benefits of potential actions to choose the most appropriate one.
82.40%
Management of Financial Resources
Determining how money will be spent to get the work done, and accounting for these expenditures.
80.00%
Speaking
Talking to others to convey information effectively.
80.00%
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.
77.60%
Monitoring
Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
77.60%
Mathematics
Using mathematics to solve problems.
75.00%
Writing
Communicating effectively in writing as appropriate for the needs of the audience.
72.40%


Top 10 Relevant Abilities Relevant Importance Levels
Written Comprehension
The ability to read and understand information and ideas presented in writing.
82.40%
Inductive Reasoning
The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
82.40%
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 that there is a problem.
80.00%
Deductive Reasoning
The ability to apply general rules to specific problems to produce answers that make sense.
80.00%
Oral Expression
The ability to communicate information and ideas in speaking so others will understand.
80.00%
Written Expression
The ability to communicate information and ideas in writing so others will understand.
80.00%
Oral Comprehension
The ability to listen to and understand information and ideas presented through spoken words and sentences.
80.00%
Near Vision
The ability to see details at close range (within a few feet of the observer).
80.00%
Mathematical Reasoning
The ability to choose the right mathematical methods or formulas to solve a problem.
77.60%
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).
77.60%


  • Getting Information
    -- Observing, receiving, and otherwise obtaining information from all relevant sources.
  • Making Decisions and Solving Problems
    -- Analyzing information and evaluating results to choose the best solution and solve problems.
  • Communicating with Supervisors, Peers, or Subordinates
    -- Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
  • Analyzing Data or Information
    -- Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
  • Communicating with People Outside the 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.
Other Activities


  • 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.
  • 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.



Tools

Desktop calculator: 10-key calculators;

Desktop computers: Desktop computers;

Notebook computers: Notebook computers;

Personal computers: Personal computers;

Personal digital assistant PDAs or organizers: Personal digital assistants PDA;

Tablet computers: Tablet computers;


Technology

Accounting software: Accounting software; Fund accounting software; Hyperion Enterprise; Intuit QuickBooks; Job costing software; MYOB Premier Accounting Small Business Suite; Sage 50 Accounting; Sage Fixed Asset Solution FAS; Sage MIP Fund Accounting; Tax software;

Business intelligence and data analysis software: Oracle Business Intelligence Enterprise Edition; IBM Cognos Impromptu;

Customer relationship management CRM software: Blackbaud The Raiser's Edge;

Data base reporting software: SAP Crystal Reports;

Data base user interface and query software: Yardi software; Structured query language SQL; FileMaker Pro; Microsoft Access;

Electronic mail software: Microsoft Outlook;

Enterprise resource planning ERP software: Microsoft Dynamics; Microsoft Dynamics GP; Microsoft Dynamics SL; Oracle Fusion Applications; Oracle Hyperion; NetSuite ERP; Infor ERP SyteLine; Hyperion Solutions System 9 Planning; Deltek professional services software; Exact Software Macola ES; ADERANT Expert Back Office, Powered by Keystone; ADP software; SAP software; SAP Business Objects; Oracle JD Edwards EnterpriseOne; Oracle PeopleSoft; Oracle PeopleSoft Financials;

Financial analysis software: Microsoft FRx; Oracle Hyperion Planning; Oracle E-Business Suite Financials;

Human resources software: ADP Workforce Now; Automatic Data Processing PC payroll for windows PCPW;

Network conferencing software: Microsoft Office SharePoint Server MOSS;

Office suite software: Microsoft Office software;

Presentation software: Microsoft PowerPoint;

Project management software: Microsoft Project; Oracle Primavera Enterprise Project Portfolio Management;

Spreadsheet software: Microsoft Excel; Corel QuattroPro; IBM Lotus 1-2-3;

Web platform development software: Hypertext markup language HTML;

Word processing software: Microsoft Word;


Related O*NET occupational titles for Treasurers and Controllers include:
  • 13-2011.00 Accountants and Auditors
  • 13-2031.00 Budget Analysts
  • 11-1011.00 Chief Executives
  • 13-2051.00 Financial and Investment Analysts
  • 13-2061.00 Financial Examiners
  • 11-3031.00 Financial Managers
  • 11-1021.00 General and Operations Managers
  • 11-3031.03 Investment Fund Managers
  • 13-1111.00 Management Analysts
  • 13-2052.00 Personal Financial Advisors


Sources of Additional Information
  • For more information about financial managers, including certification, visit: Global Academy of Finance and Management
  • For information about the Certified Government Financial Manager (CGFM) designation, visit: Association of Government Accountants
  • For information about the Certified Treasury Professional and the Financial Planning and Analysis Professional designations, visit: Association for Financial Professionals
  • For information about the Chartered Financial Analyst program, visit: CFA Institute
  • For more information about the certified public accountant designation, visit: American Institute of Certified Public Accountants (AICPA)
  • CareerOneStop

  • For a career video on financial managers, visit: Financial Managers, Branch or Department
  • For a career video on treasurers and controllers, visit: Treasurers and Controllers
  • Financial Managers
  • Investment Fund Managers
  • Treasurers and Controllers

  • Contact Texas Workforce Commission
    Labor Market and Career Information  |  101 E. 15th Street, Annex Room 0252  |  Austin, Texas 78778
    Official Website  |  1-800-822-PLAN (7526)  |  512.936.3200

    ** The information in this report may be derived from many sources like O*NET, BLS (Bureau of Labor Statistics), OOH (Occupational Outlook Handbook), and Career One Stop.