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Treasury Job Descriptions

  • Published: 9/26/2018

Whether searching for a new treasury position or trying to fill an opening on the treasury team, job candidates and hiring managers alike need to know what they are looking for.

Here is a reference for some corporate treasury job descriptions that make up a treasury team:



TREASURER  

Maintains stewardship for financial assets and debt including overall leadership of the cash management, debt management and investment management functions of the organization and its affiliated entities. Ensures the maintenance of corporate liquidity and financial stability. Develops and manages strategies, operations, policies and budgets relating to treasury activities. Directs development and revision of financial policies for capital structure, working capital, treasury operations, foreign exchange interest rate risk management, and insurance risk management. Directs capital markets, borrowing, investing, foreign exchange, treasury operations, financial risk management and corporate finance initiatives. Supervises the maintenance of internal controls designed to safeguard corporate assets and the integrity of its fiscal systems.

Position reports to: Chief Executive Officer, President

Position(s) supervised: Vice President Finance, Controller, Treasurer, Investor Relations, Vice President, Director of FP&A, Internal Audit Director, Tax Director, Risk Management Director, and Procurement. Administrative oversight may include the head of Information Technology, Human Resources.

Primary functions and responsibilities:

  • Accounting, Financial Controls and Financial Reporting
    • Directs preparation of fiscal records and financial plans, policies, and reports.
    • Ensures compliance with GAAP, SEC, FASB, SOX and other regulatory requirements.
    • Directs oversight of audits, works closely with the Board Audit Committee.
    • Financial operations and consolidation of subsidiaries.
  • Strategic, Financial and Operational Planning
    • Participates in the development of the corporation's plans and programs.
    • Develops and communicates financial vision and strategy.
    • Directs preparation of annual operating and business fiscal plans (budgets).
    • Develops financial forecasts and monitors financial health, monitoring guardrails around financial commitments.
    • Works with the business to optimize business performance and planning. 
    • Provides strategic financial input and leadership on decision making issues affecting the organization (i.e., evaluation of potential alliances acquisitions and/or mergers and pension funds and investments).
    • Evaluates capital expenditures, investment activities and portfolio management.
    • Ensures timely and accurate business/financial reports and plans; presents them to the Partners across all business units to increase financial transparency in management reporting and business line performance.
  • Treasury and Tax
    • Manages treasury function, including meeting short and long-term funding needs.
    • Determines appropriate capital structure.
    • Initiates and oversees execution of all capital market transactions.
    • Manages tax function
  • Risk Management
    • Understands how regulatory reform will impact the business and helps ensure the business is best positioned to respond.
    • Manages aspects of risk through accounting, audit, planning and treasury functions
  • External Financial Relations
    • Manages investor relations function
    • Serves as company’s representative to financial/investment community and shareholders.
    • Manages banking and investment banking relationships
    • Manages A/R, A/P relationships with third party vendors and customers
    • Oversees and delivers recommendations to Board and Board committees regarding financials, audit matters, investments, and strategic initiatives and direction.

Qualifications: 

  • Bachelor’s degree in accounting, business, management, or finance required
  • MBA or an advanced degree in business, management, or finance required
  • CPA preferred
  • CTP preferred
  • FP&A certification preferred

     

    Required Knowledge:

  • Strong treasury background
  • Knowledge of capital markets, accounting, finance and tax
  • Knowledge of MS Office including Excel
  • Knowledge of appropriate accounting software packages

     

    Experience Required:   

  • 10-15 years of experience in finance and treasury
  • Supervisory experience

     

    Skills/Abilities:

  • Leadership skills
  • Managerial skills
  • Negotiation skills
  • Presentation skills
  • Strategic planning
  • Verbal communication skills
  • Written communication skills.

     


    ASSISTANT TREASURER

    Assists the Treasury area within the institution with cash management, collateral management, funding and liquidity, investment analysis and other financial affairs. Manages and executes treasury functions including bank relationship management, foreign exchange operations, cash management, cash and treasury operations.  Supervises borrowing and investing.  Assists in meeting overall treasury department’s policies and regulatory requirements. Responsible for the day-to-day operational aspects of the treasury department.

    Position reports to: Treasurer

    Position(s) supervised: Cash Manager, Assistant Cash Manager, Financial Analyst, Director of Treasury, Treasury Manager, Senior Treasury Analyst

    Alternative title(s): Deputy Treasurer, International Treasurer

    Primary functions and responsibilities:

  • Oversees daily management of cash and debt.
  • Oversees cash flow forecasting.
  • Establishes fixed income investment positions.
  • Reviews preparation of cash flow projections.
  • Manages financial risk as it relates to treasury operations.
  • Analyzes and recommends potential alternative financing structures and explains/shows their impact on EPS, balance sheet, tax effects and financial ratios.
  • Manages and negotiates bank and brokerage relationships.
  • Develops and implements cash management operational strategies.
  • Assesses foreign exchange risk and implements hedge programs and strategies.
  • Implements hedge strategies.
  • Provides detailed consolidated cash flow projections.
  • Oversees interest rate risk management.
  • Assists in the development of bank relationships.
  • Manages investment of excess funds.
  • Supports investor relations.
  • Coordinates electronic booking functions.
  • Monitors and prepares loan covenant compliance.
  • Reviews monthly interest expense and accruals.
  • Reviews monthly journal entries and accruals.
  • Supports M&A activity related to treasury functions, including finance modeling, due diligence and treasury integration.
  • Ensures proper controls are in place for regulatory requirements, such as FBAR, SOX, FAFCA and Dodd- Frank.
  • Oversees all back office support for in-house banking, netting, and pooling.
  • Assists with insurance coverages, real estate management or specialized financing as needed.
  • Assists with reporting for the board and external financial institutions

     

    Qualifications:

  • Bachelor’s degree in accounting, business, finance or management required
  • MBA or advanced degree in business, finance or management required
  • CTP preferred
  • CFA preferred
  • FP&A certification preferred

     

    Required Knowledge:

  • Strong knowledge of risk management and banking relationships
  • Knowledge of MS Office including Excel
  • Knowledge of appropriate treasury and financial software packages

     

    Experience Required:   

  • 5-10 years of relevant experience
  • FX Risk Management
  • Management experience
  • Banking relationships
  • Cash management operations
  • Cash flow forecasting
  • ERP experience

     

    Skills/Abilities:

  • Ability to work in a team environment
  • Financial analysis skills
  • Interpersonal skills
  • Managerial skills
  • Leadership skills
  • Organization skills
  • Verbal communication skills
  • Written communication skills

     


    DIRECTOR OF TREASURY/FINANCE

    Assesses the products, services, technologies and systems that are available and appropriate for treasury departments. Oversees the development and implementation of effective, integrated systems for budgeting, payables, reporting and auditing revenues, expenditures, and asset accountability. Oversees cash management initiatives, bank relationships, day-to-day treasury operations. Establishes short-term borrowing needs and recommends short-term investing initiatives.

    Position reports to: Vice President of Finance or Treasurer

    Position(s) supervised: Manager of Finance

    Alternative title(s): International Treasurer, Deputy Treasurer, Director of Investments

    Primary functions and responsibilities:

  • Evaluates, develops and recommends fiscal policies.
  • Applies financial perspective and analysis for business decisions.
  • Oversees all cash management functions.
  • Maintains and cultivates banking relationships.
  • Recommends items for strategic planning.
  • Develops forecasting methods.
  • Recommends alternative financing strategies.
  • Oversees issuing letters of credit.
  • Manages performance bonds and guarantees.
  • Oversees international banking relationships.
  • Analyzes, interprets and communicates financial operating results to provide information and guidance to company officials and departments.
  • Acts in a lead role in capital structure, debt management, bond issuance and/or share repurchases to ensure the most efficient use of the company’s capacity and borrowed monies.
  • Serves as contact for the treasury department in terms of cross departmental projects as needed.
  • Participates with the company leaders in the preparation of the annual treasury budget.
  • Assists FP&A with developing key inputs into the balance sheet, income statements and cash flow statements for annual plan.
  • Coordinates internal/external audits to ensure regulatory compliance.
  • Serves as Subject Matter Expert for accounting questions and valuation matters.
  • Directs the individual and consolidated reporting of results for cost center reporting.
  • Ensures that consistent and standardized processes exist regarding the development of annual budgets and monthly reporting regarding actual performance relative to approved budgets.

     

    Qualifications:

  • Bachelor’s degree in accounting, business administration or finance required
  • MBA or advanced degree in finance preferred
  • CPA preferred
  • CTP preferred
  • CFA preferred
  • FP&A certification preferred

     

    Required Knowledge:

  • Knowledge of MS Office including Excel
  • Knowledge of appropriate accounting and financial software packages
  • Technical experience in accounting standards, procedures and policies
  • Treasury knowledge
  • Workstation experience

     

    Experience Required:   

  • 5-8 years of progressive financial experience with a large corporation
  • Supervisory experience

     

    Skills/Abilities:

  • Analytical skills
  • Consensus building
  • Detail-oriented
  • Financial analysis skills
  • Leadership skills
  • Organization skills
  • Troubleshooting skills
  • Verbal communication skills
  • Written communication skills

    MANAGER OF TREASURY

    Manages Treasury department with responsibilities for cash and treasury operations, short-term borrowing and investments, as well as payments.  Monitors compliance with Treasury department goals.  Assesses the products, services, technologies and systems that are available and appropriate for Treasury departments.  Oversees all aspects of the company's financial risk exposures including interest rate risk and foreign currency risk.

    Position reports to: CFO, Vice President Treasury/Finance, Treasurer, Assistant Treasurer, Director of Treasury

    Position(s) supervised: Cash Manager, Assistant Cash Manager, Cash Management Specialist, Financial Analyst, Treasury Analyst

    Alternative title(s): Credit & Collections Manager, FX Manager, Senior Treasury Analyst 

    Primary functions and responsibilities:

  • Supports treasury and cash management operations and helps develop strategies to maximize efficiencies, safeguard assets and minimize costs.
  • Conducts borrowing and investing activities.
  • Ensures compliance with internal controls, policies and procedures in day-to-day conduct and supervision of cash management activities.
  • Recommends and implements improvements to current cash management processes.
  • Assists in managing and maintaining company’s banking infrastructure, including bank and brokerage relationships.
  • Manages capital market risks and interest exposures.
  • Assists in preparing and managing annual budgets and forecasts.
  • Identifies cost-saving and profit maximizing opportunities related to treasury.
  • Administers relationship with transfer agent or share owner services.
  • Oversees cash functions, including cash positioning, cash reporting and forecasting, short-term investing and borrowing, wire payments, fraud prevention, FX management and hedging, bank account setup and maintenance, and bank relationship management.
  • Supports financing negotiations and capital strategy formulation.
  • Understands and manages appropriate procedures and processes around month-end and quarter-close activity.
  • Ensures adherence to SOX controls, FBAR, FATCA, DODD Frank, including record keeping and data testing as requested.
  • Provides financial analysis to executive management.
  • Coordinates and prepares business budgets/forecasts.
  • Creates models involving cash flow, balance sheet, and income statement projections.
  • Conducts research into variances and determines explanations.
  • Assists with M&A activity for Treasury.
  • Assists with accounting questions and valuation matters.
  • Trains treasury staff on developmental goals in support of the Assistant Treasurer and Treasurer.

     

    Qualifications:

  • Bachelor’s degree in finance or accounting required
  • MBA preferred
  • CPA preferred
  • CTP preferred
  • FP&A certification preferred

     

    Required Knowledge:

  • Knowledge of MS Office including Excel, Word and PowerPoint
  • Knowledge of appropriate accounting and financial software packages
  • Familiarity with Generally Accepted Accounting Principles (GAAP), IFRS, treasury workstation and technology experience

     

    Experience Required:   

  • 5-8 years of relevant treasury or corporate finance experience with emphasis in budgeting, forecasting, cash flow analysis, M&A activity
  • 3-5 years of supervisory experience

     

    Skills/Abilities:

  • Analytical skills
  • Consensus building
  • Detail-oriented
  • Financial analysis skills
  • Leadership skills
  • Organization skills
  • Troubleshooting skills
  • Verbal communication skills
  • Written communication skills

    CASH MANAGER

    Manages and monitors daily cash management transactions, reports cash operation activities and executes borrowing/investment transactions.  Ensures liquidity and prepares cash flow projections.  Additional responsibilities include assisting in the development of bank relationships, determination of short-term cash to be invested, and anticipation of short-term borrowing needs.  Responsible for liquidity management, including in-house banking and providing payments factory support, as applicable.

    Position reports to: Assistant Treasurer, Treasurer, Director of Treasury

    Position(s) supervised: Assistant Cash Manager

    Alternative title(s): Finance Manager, Senior Treasury Manager, Domestic or Global Cash Manager        

    Primary functions and responsibilities:

  • Performs daily corporate cash management and forecasting activities.
  • Monitors and manages company’s daily cash position.
  • Forecasts daily cash requirements.
  • Handles daily liquidity management.
  • Determines daily cash balances available for investment.
  • Manages, maintains and administers bank relationships and reports ¬bank information or scorecards.
  • Recommends and implements improvements to current cash management processes.
  • Perform transactions and resolve errors.
  • Anticipates short-term borrowing needs and communicates them to proper personnel.
  • Conducts borrowing and investing activities.
  • Manages working capital.
  • Gathers, interprets, and prepares cash flow projections.
  • Ensures adequate liquidity.
  • Executes funds movement and investment transactions.
  • Appropriately invests excess cash balances and administers short-terms investments.
  • Resolves foreign exchange (FX) currency issues in terms of settlement of delivery.
  • Implements cash management systems and trains staff on those systems.
  • Coordinates collateral programs and risk management controls.
  • Posts and files cash receipts.
  • Tracks and resolves pay exceptions.
  • Maintains all collections-related schedules for forecasting.
  • Acts as an expert advisor on banking issues for the business units and other corporate functional areas.
  • Ensures compliance with SOX controls, FBAR, FATCA, anti-money laundering regulations, and other rules governing cash transactions and banking.
  • Interfaces with accounting for bank general ledger upload, journal entry differences and general troubleshooting.

     

    Qualifications:

  • Bachelor’s degree in finance or related field required
  • MBA preferred
  • CTP preferred
  • FP&A Certification preferred

     

    Required Knowledge:

  • Solid understanding of financial analysis and statistics
  • Familiarity with cash/bank management systems, Treasury Management Systems (TMS)
  • Knowledge of MS Office including Excel and Word
  • Knowledge of appropriate accounting and financial software programs
  • Knowledge of receivables and cash processes
  • Knowledge of establishing a SOX compliant structure and FBAR reporting
  • Knowledge of international cash management, forecasting, and internal controls

     

    Experience Required:   

  • 4-6 years of relevant experience in Corporate Finance and familiarity with Treasury Operations
  • Accounting or financial analysis
  • Supervisory experience
  • Experience with Treasury Workstations preferred

     

    Skills/Abilities:

  • Ability to work independently
  • Analytical skills
  • Detail-oriented
  • Presentation skills
  • Organization skills
  • Troubleshooting skills
  • Verbal communication skills
  • Written communication skills

     



    ASSISTANT CASH MANAGER    

    Conducts one or more major cash management activities.  Responsibilities may include cash management, liquidity projections, treasury operations, bank relationship management, cash accounting, short-term investing and payments. Responsible for applying policies and procedures in the timely handling, processing and deposit of cash receipts or disbursements.

    Position reports to: Cash Manager

    Position(s) supervised: No direct reports

    Alternative title(s): Cash Analyst, Treasury Analyst, Financial Analyst     

    Primary functions and responsibilities:

  • Manages daily cash process.
  • Reviews all cash management transactions.
  • Resolves cash issues in a timely manner.
  • Executes daily concentration of cash and borrowing.
  • Maintains account balances.
  • Determines company’s cash position and assists with cash forecasting.
  • Compiles cash reports.
  • Posts daily cash activities.
  • Performs daily bank account reconciliation.
  • Executes wire transfers and other funding necessary to balance company’s daily cash position.
  • Initiates or approves ACH transfers.
  • Maintains foreign currency logs and trade settlement.
  • Assists with preparation of monthly reports.
  • Performs database management in treasury workstation or in Excel.
  • Provides data for monthly journal entries relating to cash management activity.
  • Processes miscellaneous deposit items for corporate bank accounts.
  • Assists with annual budgeting analysis and work papers.
  • Helps with implementation of treasury workstation, bank software or other treasury technology.
  • Performs complex transactions and resolves errors.
  • Controls bank account balances and interfaces with bank about bank service fees.
  • Processes returned bank account items and distributes to other departments, as needed.
  • Reconciles all cash and investment accounts and resolves discrepancies.
  • Prepares month-end cash accounting reports.
  • Assists with preparing regulatory reporting- FBAR, FATCA, Dodd Frank, SOX, etc.

     

    Qualifications:

  • Bachelor’s degree in accounting, business, management, or finance required
  • MBA or an advanced degree in business, management, or finance preferred
  • CTP preferred

     

    Required Knowledge:

  • Knowledge of cash management products
  • Processes of U.S. financial institutions
  • Knowledge of MS Office including Excel and Word
  • Knowledge of appropriate accounting and financial software programs, ERPs, and various treasury technology

     

    Experience Required:   

  • 3-5 years in finance or accounting with cash management experience
  • Treasury workstation and bank software experience a plus
  • Prior banking or investment operations experience

Skills/Abilities:

  • Ability to work independently
  • Analytical skills
  • Detail-oriented
  • Presentation skills
  • Organization skills
  • Troubleshooting skills
  • Verbal communication skills
  • Written communication skills
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