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:

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