Corporate treasurers undertake a range of risk, strategic and/or general financial management activities that enable companies to maintain or improve/maximize their financial position. A keen financial mind and an understanding of an organizations day-to-day business demands are key to the role of a corporate treasurer.
Employers of Corporate Treasurers
- Financial institutions
- Public sector
- Health and education institution
- Large private companies
Duties
- assessing, reviewing and protecting company financial well-being
- ensuring cash flow is adequate
- handling daily cash balances and the money market
- ensuring that proposed projects are likely to be beneficial
- managing major projects such as company refinancing
- assessing the likely impact of problems such as late payments, limited cash flow etc
- making decisions about company funding options, insurance contracts and other financial issues
- carrying out risk management activities
- liaising with company investors, bankers and senior managers
- negotiating and evaluating overdrafts and loans with bankers
- maintaining records
- recruiting, training and supervising junior staff
- attending board meetings
- making company board presentations
- keeping up-to-date with developments within the profession/industry.
Qualifications
Graduates should have either a degree in accountancy, finance, economics, banking or business studies, or any other degree plus a year’s treasury work experience. The following qualifications are highly desirable:
- accountancy;
- business studies;
- economics;
- finance;
- mathematics.
Skills
- strong interpersonal and communication skills, for liaising with senior management, operational staff and company bankers and investors;
- good numeracy and analytical skills as well as IT literacy;
- an interest in the financial markets and how they operate;
- excellent attention to detail and accuracy, for dealing with company funds and managing substantial contracts and capital projects.
