Treasurers directly report to the head of treasury and their aim is to ensure that the monetary management of the company is performed satisfactorily and cash flow is adequate. They also assess the likely impact of problems such as late payments, limited cash flow, etc., and report issues directly to the head of treasury. The job description of treasurer is defined below:
Performing all cash payments, issuing bank cheques and bills:
- Receiving and recording requests for payments after the head of treasury approval.
- Issuing cheques, cash payments, or currency bills based on coordination with the head of treasury and recording related accounting documents.
- Recording collections from clients and informing the financial accounting department.
- Coordinating and receiving the approved signatures for cheques and issuing currency bills.
- Informing the executed payments to related departments.
Preparing the cash flow reports:
- Updating the company’s accounts cash flow and presenting to the head of treasury.
- Receiving the bank account statements and preparing bank reconciliations.
- Providing the head of treasury with all treasury department reports.
Performing all related tasks of personnel, contractors, and clients guarantees:
- Taking and returning guarantees and recording the related accounting documents.
Controlling the company subsidiaries' accounts:
- Taking the detailed balance of the company subsidiaries and reconciling.
- Recording the accounting documents of the above-mentioned reconciliations.