A treasurer takes an active role in any organization, being involved in the strategic planning and direction of the company. And filling these specialized positions can be quite a challenge for HR departments.
The unique demands of treasury roles often leave HR professionals struggling to find the right candidates efficiently. Also we at Treasurer Search observe that HR generalists may find themselves out of their depth when evaluating candidates for these positions.
This is not a failing on HR’s part, but rather a reflection of the niche expertise required in treasury. But why is this the case?
Why HR Struggles with Treasury Recruitment
Human Resources departments often face significant challenges when recruiting for treasury positions due to several factors. In general, HR typically lacks in-depth knowledge of treasury operations and industry-specific requirements.
The specialized terminology used in treasury can be confusing for those outside the field, making it difficult for HR professionals to accurately assess candidates’ expertise. They are not familiar with the specific requirements, making it hard to find the right candidates for the job.
The limited pool of qualified treasury professionals, who are often in high demand and short supply, further complicates the recruitment process. For instance, one of our clients struggled for an extended period to find a suitable Treasury Accountant. The hiring manager’s lack of understanding led to the consideration of profiles such as traders, which did not align with the actual needs of the position. That is when we came to the rescue.
Moreover, different industries may require varying treasury approaches, adding another layer of complexity to finding the right fit. These industry-specific nuances can be particularly challenging for HR generalists who may not have in-depth knowledge of treasury operations across various sectors.
For example, the profile of a Treasurer at a housing foundation is quite different from that of a Treasury professional at a medium-sized trading company. Similarly, the responsibilities of a treasury function in a government setting can vary significantly from those at a large international corporation.
Treasurer Search: Your Treasury Recruitment Partner
At Treasurer Search, we understand the challenges HR faces, and we’re here to support you. Here’s how we can make a difference:
We can connect you with outstanding talent that is appropriate for your role because we have ties with over 10,000 treasury professionals. Because of our team’s extensive industry experience, we can identify the best candidate for your company by understanding the nuances of treasury roles in a variety of industries. We excel at efficiently matching candidates with the right skills and cultural alignment for your team. By managing the specialized aspects of treasury recruitment, we free up your HR resources for other critical tasks. .