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Automation Risk Analysis

Will “Treasurer” be Automated?

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AI Exposure Risk

59%

“Treasurer” will maybe be replaced by AI.

Based on the cognitive demands, communication requirements, and logical reasoning intrinsic to this occupation according to O*NET data, we project a 59% probability of disruption by generative AI and Large Language Models.

Automation & Robot Risk

24%

“Treasurer” will almost certainly not be replaced by robots.

Evaluating the physical dexterity, repetitive motion tasks, and manual labor associated with this role, our analysis indicates a 24% likelihood of substitution by advanced robotics systems.

Personal & Financial Insights

Every occupation has a unique profile. For Treasurers and Controllers, the Bureau of Labor Statistics and O*NET classify the day-to-day work broadly as: Direct financial activities, such as planning, procurement, and investments for all or part of an organization.

Job Title & Hierarchy Code (SOC) Treasurers and Controllers #11-3031.01
ℹ️

Data is based on the reference occupation: “Treasurers and Controllers”

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Core Skills & Abilities

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

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

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

  • Compute, withhold, and account for all payroll deductions.

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

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

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

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

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

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

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

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

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

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

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

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

  • Receive cash and checks and make deposits.

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

  • Perform tax planning work.

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

  • 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.

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

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