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Key Responsibilities and Required Skills for a Treasury Officer

💰 $65,000 - $95,000

FinanceAccountingCorporate FinanceTreasury

🎯 Role Definition

The Treasury Officer is a cornerstone of an organization's financial stability and strategic growth. This position is pivotal in safeguarding the company's financial assets, ensuring optimal liquidity, and managing financial risks effectively. At its heart, the role involves the meticulous management of cash, debt, and investments. A successful Treasury Officer not only executes daily financial transactions but also provides critical analysis and forecasting that informs executive-level decisions. They act as the primary liaison with banking partners, ensuring the company has the financial resources required to operate smoothly and pursue strategic objectives, making this a highly visible and impactful role within the finance department.

📈 Career Progression

Typical Career Path

Entry Point From:

  • Financial Analyst
  • Staff Accountant or Corporate Accountant
  • Recent Finance or Economics Graduate with relevant internship experience

Advancement To:

  • Senior Treasury Analyst / Senior Treasury Officer
  • Treasury Manager
  • Assistant Treasurer

Lateral Moves:

  • Financial Planning & Analysis (FP&A) Analyst
  • Corporate Finance Manager

Core Responsibilities

Primary Functions

  • Oversee and execute daily cash management activities, including monitoring account balances, consolidating cash for optimal use, and ensuring sufficient liquidity for operational needs across all corporate bank accounts.
  • Develop and maintain sophisticated short-term and long-term cash flow forecasting models to predict cash requirements and identify potential funding gaps or investment opportunities.
  • Manage and cultivate relationships with key banking partners, acting as the primary point of contact for operational matters, service inquiries, and fee negotiations.
  • Execute all electronic fund transfers, including domestic and international wires, ACH payments, and inter-company transfers, ensuring accuracy, timeliness, and compliance with internal controls.
  • Administer the company's Treasury Management System (TMS), ensuring data integrity, optimizing system functionality, and serving as the subject matter expert for the platform.
  • Monitor and manage the company's debt facilities, including revolving credit lines and term loans, ensuring compliance with all financial covenants and reporting requirements.
  • Execute foreign exchange (FX) spot and forward transactions to mitigate currency risk associated with international operations and transactions.
  • Manage the company's short-term investment portfolio, making investment decisions that align with the corporate investment policy to maximize returns while preserving capital.
  • Prepare and analyze a suite of comprehensive treasury reports for senior leadership, detailing cash positions, debt levels, investment performance, and risk exposures.
  • Actively participate in the development, implementation, and refinement of treasury policies, procedures, and internal controls to ensure best practices and regulatory compliance.
  • Identify and analyze financial risks, including interest rate fluctuations, currency volatility, and counterparty credit risk, and recommend appropriate hedging or mitigation strategies.
  • Administer and manage the issuance of letters of credit, bank guarantees, and surety bonds to support business operations and commercial agreements.
  • Perform detailed analysis of bank fees and services, identifying opportunities for cost reduction and service optimization.

Secondary Functions

  • Support internal and external audit processes by providing necessary documentation, explanations, and reconciliations for all treasury-related activities.
  • Collaborate closely with cross-functional teams, including Accounts Payable, Accounts Receivable, Tax, and FP&A, to ensure seamless financial operations and accurate data flow.
  • Drive process improvement initiatives within the treasury function by identifying opportunities for automation, efficiency gains, and enhanced controls.
  • Assist in the administration of the corporate purchasing card and T&E card programs, including monitoring compliance and analyzing spend data.
  • Perform monthly and quarterly reconciliation of treasury-related general ledger accounts to ensure financial accuracy.
  • Conduct ad-hoc financial modeling and analysis to support strategic projects, such as mergers and acquisitions, capital expenditure evaluation, or new market entry.
  • Stay abreast of macroeconomic trends, financial market developments, and evolving banking technologies that could impact the organization.

Required Skills & Competencies

Hard Skills (Technical)

  • Cash Flow Forecasting: Proven ability to build, maintain, and interpret complex cash flow models with a high degree of accuracy.
  • Financial Modeling: Strong proficiency in building financial models in Excel for various analyses, including debt, investment, and risk scenarios.
  • Treasury Management Systems (TMS): Hands-on experience with at least one major TMS platform (e.g., Kyriba, SAP Treasury, FIS Integrity).
  • Financial Risk Management: Solid understanding of financial risk concepts, including interest rate, foreign exchange (FX), and counterparty risk, along with common hedging instruments.
  • Bank Relationship Management: Skill in managing day-to-day operational relationships with banks and other financial service providers.
  • Data Analysis & Reporting: Ability to extract, analyze, and synthesize large volumes of financial data into clear, concise reports for management.

Soft Skills

  • Attention to Detail: Meticulous and precise in handling financial transactions and preparing reports, as small errors can have significant consequences.
  • Analytical & Critical Thinking: The capacity to analyze complex financial situations, identify key issues, and develop logical, data-driven solutions.
  • Communication: Excellent written and verbal communication skills to clearly articulate complex financial information to both financial and non-financial stakeholders.
  • Problem-Solving: A proactive and resourceful approach to identifying and resolving operational issues, payment exceptions, and system challenges.
  • Integrity & Discretion: Unwavering ethical standards and the ability to handle sensitive financial information with the utmost confidentiality.
  • Organizational Skills: Superior ability to manage multiple competing priorities, meet tight deadlines, and maintain a high level of organization in a fast-paced environment.

Education & Experience

Educational Background

Minimum Education:

  • Bachelor's Degree

Preferred Education:

  • Master of Business Administration (MBA) or a Master's in Finance.
  • Professional certification such as the Certified Treasury Professional (CTP).

Relevant Fields of Study:

  • Finance
  • Accounting
  • Economics
  • Business Administration

Experience Requirements

Typical Experience Range:

  • 2-5 years of direct experience within a corporate treasury department, corporate finance role, or in a commercial banking position.

Preferred:

  • Experience working within a multinational corporation with exposure to foreign exchange and international cash management.
  • Demonstrated success in implementing process improvements or technology solutions (like a TMS) within a finance function.
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