Treasury Analyst
Controller Job Description
Treasury analysts have the key responsibility of monitoring the organization’s supply and transfer of money by keeping detailed financial records. They’ll create logs to track every ingoing and outgoing transaction of cash. Treasury analysts work closely with other financial analysts and accountants to direct asset management. Typical daily duties can include reviewing bank statements, performing wire transfers, processing taxes, producing accurate cash forecasts, assessing liability levels, and tracking investment income. Senior treasury analysts may also develop inventive financial strategies to boost company profits. Some may even help management set policies for successful mergers or acquisitions. Treasury analysts are basically involved in all banking operations to maintain good financial health.
Having good IT skills is very important for success in the treasury analyst job. As the treasury analyst you should be careful enough to make sure that the record you have tallies with the records in the organization. You need some good accounting skills. It is either you possess manual accounting skills, or you are adept with latest accounting technologies; the most important thing your employer should be looking for is your ability to handle other basic accounting jobs. As a treasury analyst, you have a lot to think and deal with every day in performing your duties and responsibilities. To solve some of the pressing issues before you, you will need some thinking ability. Analysis is one of the skills you must have to be effective in your treasury analyst career. There are two things you should be very good at in your treasury analyst career. These are your ability to listen and to speak out or put some meaningful information into writing. It requires first that you be a good listener before you think of being a good communicator. Time management too can be regarded as one of the most important skills you can have to be effective in your treasury analyst job.
Treasury analysts need to hold at least a bachelor’s degree from an accredited, four-year business school. Majors in finance, accounting, business, statistics, and economics are the best preparation. Some universities even offer a corporate treasury management (CTM) program. Fill your electives with coursework in financial analysis, banking, risk management, corporate finance, auditing, supply chain, and quantitative reasoning. Taking on an internship or co-operative is also recommended. After graduation, you’ll likely need at least two years of finance experience before becoming a treasury analyst. Many begin their careers as credit analysts, bookkeeping clerks, tax associates, auditors, or sales agents.
Typical duties of a Controller
• Overseeing day-to-day financial activities.
• Documenting transactions and updating ledgers and the financials database.
• Analyzing and interpreting financial data.
• Preparing financial forecasts such as revenue, expenses, and loan estimations.
• Developing cash management, investment, and risk mitigation strategies.
• Providing financial advice on investments, loans, and liabilities.
• Preparing and presenting regular treasury reports, budgets, financial documents, and strategies to management.
• Implementing financial policies and procedures.
• Maintaining financial management systems.
• Ensuring that the organization is in compliance with all financial and legal regulations.
Skills:
• Experience with financial management systems, such as Hyperion, GTreasury, and QuickBooks.
• Good computer skills with programs such as MS Excel, Access, and Power BI.
• Exceptional analytical and problem-solving skills.
• Strong financial and mathematic abilities.
• Excellent verbal and written communication skills.
• Strong time management and organizational abilities.
Qualifications: Bachelor’s degree in accounting, finance, economics, or a similar field; A minimum of 2 years’ experience as a treasury analyst; CTP or CFA is preferred.