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. |