A treasurer will formulate a set of board-approved policies that define the methods allowed to manage the above risks and the discretionary powers of the treasurer and other authorized personnel.
Risk Policies A treasurer will formulate a set of board-approved policies that define the methods allowed to manage the above risks and the discretionary powers of the treasurer and other authorized personnel. These policies will vary from company to company. Senior Manager The impact of financial risks on company value and survival can be catastrophic and sudden. The treasurer, along with perhaps a small team consisting of a treasury accountant, cash manager, treasury analyst and dealer, are entrusted with a great deal of responsibility. Non-Profit Boards. The Treasurer's role is considered the most important function on the Board, after that of the Chair. The success of an organization depends on whether or not the organization is able to develop and adhere to a budget. Financial accountability is also of the utmost importance to a non-profit organization In the U.S., the state treasurer is a state's chief banker and money manager. The treasurer oversees all of the state's cash savings, debt and investments. The treasurer doesn't raise money through taxes -- the state legislature and the department of revenue does that -- but by selling bonds earning interest on investments [source: Oregon State Treasury ]. Typically, the state treasurer also sits on a number of state boards and commissions. If the state has a pension plan for public employees and teachers, the treasurer will usually sit on its board. The same is true if the state has a lottery. The treasurer doesn't raise money through taxes -- the state legislature and the department of revenue does that -- but by selling bonds earning interest on investments [source: Oregon State Treasury ]. Treasury is a key finance function that is vital to the financial health and success of every business, large or small. Treasury involves the management of money and financial risks in a business. Its priority is to ensure the business has the money it needs to manage its day-to-day business obligations, while also helping develop its long term financial strategy and policies. Treasury is a diverse and exciting area of finance to work in. It’s a career that will see you make a real difference to the success for any organisation. Your role and responsibilities will vary depending on the size and nature of the business you are working in. A Treasurer is typically the officer assigned the primary responsibility of overseeing the management and reporting of an organization’s finances. The Treasurer may have many important duties specific to its role, including: 1  Bank account maintenance – Selecting a bank, signing checks, and investing excess funds wisely. Ultimately, while financial management is the primary focus of the Treasurer, the entire board shares accountability. As highlighted by the Minnesota Nonprofit Alliance Fund, “the treasurer shouldn’t feel, or be made to feel, that they have sole responsibility for the financial health of the organization. Once an offshoot of the accounting department, corporate treasury management has evolved into its own company department and professional body. Read on to learn more about what treasurers are responsible for in their line of work. (To learn more about other key corporate management roles, read The Basics of Corporate Structure.). Managing Risk Treasurers manage several key risks related to changes in interest rates, credit, currency, commodities and operations. Senior Manager The impact of financial risks on company value and survival can be catastrophic and sudden. The treasurer, along with perhaps a small team consisting of a treasury accountant, cash manager, treasury analyst and dealer, are entrusted with a great deal of responsibility. A treasurer is the person who monitors the cash and other assets of a group or business, and may monitor expenses as well. A treasurer is in charge of the money for a group or organization.  They can make certain purchases, and are responsible for all the  records and receipts. Edit. Where an organization has designated the Treasurer title but not a CFO, the Treasurer will typically be considered the CFO. Ultimately, while financial management is the primary focus of the Treasurer, the entire board shares accountability. As highlighted by the Minnesota Nonprofit Alliance Fund, “the treasurer shouldn’t feel, or be made to feel, that they have sole responsibility for the financial health of the organization. The treasurer should know how to monitor where the money goes so that s/he can regularly report the org's financial status. s/he should keep receipts or evidences of where the money is being used. In some organizations, to prevent misuse of funds, bank accounts are co-signed by other officers besides the treasurer. 
http://www.investopedia.com/articles/financial-careers/08/corporate-treasurer.asp http://www.mycommittee.com/BestPractice/Committees/Startingacommittee/Treasurer/tabid/270/Default.aspx http://people.howstuffworks.com/government/local-politics/state-treasurer.htm http://people.howstuffworks.com/government/local-politics/state-treasurer.htm https://www.treasurers.org/careers/whatistreasury http://www.nonprofitlawblog.com/treasurer-duties/ http://www.investopedia.com/articles/financial-careers/08/corporate-treasurer.asp http://www.answers.com/Q/What_is_a_treasurer http://www.nonprofitlawblog.com/treasurer-duties/ https://answers.yahoo.com/question/index?qid=1005121504247
what does a company treasurer do