A treasury analyst will be making budgetary forecasts so that the company can manage its assets well. You will also be responsible for keeping track of economic trends and managing the financial activities of the company. Depending on the organization you work for, your tasks could also include coming up with investment strategies and making recommendations on financial matters that affect the company.
As a treasury analyst, you will be keeping records and managing how cash moves in and out of the company. These include making bank transactions and payments. During tax season, your job may also entail preparing the necessary tax forms and processing the payments on time. You must review all related documentation carefully before filing so that discrepancies are corrected and the necessary receipts and proofs are attached.
Aside from making reports and handling financial transactions, you could also be asked to present reports to company executives on the state of its finances. You will keep them apprised of the state of the company’s assets and liabilities as well as earnings made on investments. If it has resorted to loans to keep business operations running or to finance expansion, you will also report on the payments (or non-payments) made.
In order to become an efficient and effective treasury analyst, you need to have excellent mathematical skills. You need to know the financial markets as well as the nitty-gritty on preparing financial documents. You also need to be very analytical since your insight on the status of the company’s finances will guide executives in their decisions. You should also have an eye for detail so you can make entries and financial reports correctly. Since you will be communicating with colleagues and superiors regularly, you need to be able to express yourself clearly as well.
Why Become A Treasury Analyst
A career as a treasury analyst is well-suited for those who are fascinated by the activities in the financial world. No matter what the size of the organization they work for, treasury analysts find satisfaction in ensuring that they are responsible for monitoring and safeguarding the organization’s finances. Without their knowledge and analysis, company executives could potentially make investment and other financial decisions that are detrimental for the firm. It’s also a position that pays quite well and has good job prospects in the next few years.
Treasury Analyst Work Environment
Treasury analysts are typically hired by banks, credit firms, security and brokerage companies and insurers. They may also be employed by government agencies and other private organizations. The work is usually done during regular business hours but it’s not unusual for treasury analysts to put in overtime work due to the demands of the job.
Treasury Analyst Salary
Treasury analysts belong to the general category of financial managers. The Occupational Employment and Wages report of the U.S. Bureau of Labor Statistics revealed that financial managers had a mean annual wage of $130,230.
Treasury Analyst Career Outlook
The job outlook for financial managers, treasury analysts included, is positive in the next few years. It is projected to increase by nine percent in the decade covering 2012 to 2022. This rate is about as fast as the average for all job types. The demand will come from the continued economic growth and the status of the United States as an international financial center. However, this will be dampened because of the sluggish growth in banks and other firms operating in the depository credit intermediation industry since they hire the most number of financial managers.
Treasury Analyst Degree
The entry level educational requirement to become a treasury analyst is a bachelor’s degree, preferably in accounting, economics, finance and related fields. More companies prefer those with postgraduate degrees such as a master’s in business administration (MBA) or a master’s degree in finance. Aside from fulfilling the educational requirements, work experience in a related field is also required by many employers. Some also prefer to get certified in order to enhance their professional qualifications. The Certified Treasury Professional credential is offered by the Association for Financial Professionals to those who have worked for at least two years and can pass a test.