Will AI Replace Treasurers and Controllers?

Evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendations.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Delegate authority for the receipt, disbursement, banking, protection, and custody of funds, securities, and financial instruments.

Semi-structured task combining routine and non-routine responsibilities.

Develop and maintain relationships with banking, insurance, and external accounting personnel to facilitate financial activities.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Monitor financial activities and details, such as cash flow and reserve levels, to ensure that all legal and regulatory requirements are met.

Semi-structured cognitive task involving analysis, inspection, or monitoring.

Receive, record, and authorize requests for disbursements in accordance with company policies and procedures.

Semi-structured task combining routine and non-routine responsibilities.

Develop internal control policies, guidelines, and procedures for activities, such as budget administration, cash and credit management, and accounting.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Coordinate and direct the financial planning, budgeting, procurement, or investment activities of all or part of an organization.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Receive cash and checks and make deposits.

Semi-structured task combining routine and non-routine responsibilities.

Prepare or direct preparation of financial statements, business activity reports, financial position forecasts, annual budgets, or reports required by regulatory agencies.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Monitor and evaluate the performance of accounting and other financial staff, recommending and implementing personnel actions, such as promotions and dismissals.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Analyze the financial details of past, present, and expected operations to identify development opportunities and areas where improvement is needed.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Conduct or coordinate audits of company accounts and financial transactions to ensure compliance with state and federal requirements and statutes.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Advise management on short-term and long-term financial objectives, policies, and actions.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Maintain current knowledge of organizational policies and procedures, federal and state policies and directives, and current accounting standards.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Provide direction and assistance to other organizational units regarding accounting and budgeting policies and procedures and efficient control and utilization of financial resources.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Lead staff training and development in budgeting and financial management areas.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Prepare and file annual tax returns or prepare financial information so that outside accountants can complete tax returns.

Semi-structured task combining routine and non-routine responsibilities.

Supervise employees performing financial reporting, accounting, billing, collections, payroll, and budgeting duties.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Perform tax planning work.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Compute, withhold, and account for all payroll deductions.

Semi-structured task combining routine and non-routine responsibilities.

Handle all aspects of employee insurance, benefits, and casualty programs, including monitoring changes in health insurance regulations and creating budgets for benefits and worker's compensation.

Semi-structured cognitive task involving analysis, inspection, or monitoring.

Determine depreciation rates to apply to capitalized items and advise management on actions regarding the purchase, lease, or disposal of such items.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.