Jobs as a treasury analyst are common in large corporations and publicly traded companies. Although workers focus on one or a few related tasks within the company, the tasks for these positions are frequently part of the accounting department. Banking, capital management, financial services, or cash management and control for company divisions are all common specializations. An accounting degree, relevant experience in the required field, and professional certification are usually required for treasury analyst jobs, though certification varies by organization and job.
Treasury analyst jobs and workers in the banking industry assist in the management of their company’s bank accounts, wire transfers, and other banking activities. For example, a company accountant will frequently review daily wire transfers, double-check the information, and enter the figures into the company’s general ledger. Wire transfers between internal bank accounts and external accounts with suppliers and vendors are common in large organizations or publicly traded companies. Bank reconciliations, which list all of the banking transactions from the company’s accounts, may also be completed by the treasury analyst. Reconciliations are a company’s daily, weekly, or monthly activity.
Workers in treasury analyst jobs must review the company’s financing options as part of capital management tasks. Workers will examine data on the company’s debt and equity financing options, as well as how the data is entered into the accounting ledger. Senior Treasury analysts may be involved in the preparation of the documents required to secure debt financing. This necessitates the completion of documents and the fulfillment of requirements for bank applications for outside loans.
Financial services are typically provided by banks and other financial services companies. Managing an individual or business account, where a worker completes investment transactions on behalf of their client, is an example of a service. The majority of transactions involve the purchase and sale of stocks, bonds, and mutual funds. The work of a treasury analyst entails checking this data for accuracy and creating an internal account for each customer. The analyst will examine transactions to ensure that all data is correct and complete. The information will then be entered into the accounting ledger under the client’s account by either the treasury analyst or an accountant.
Reviewing budgets, tracking costs, and reporting information to upper management are common responsibilities for a treasury analyst working for a company’s internal division. These positions are more common in businesses that have multiple locations. Each treasury analyst will frequently report to the senior treasury manager and follow his or her instructions.