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.