Corporate Treasurer Job Description [Updated for 2024]

In the fast-paced business world, the role of a Corporate Treasurer is more important than ever.

As financial strategies become more complex, there is a growing demand for individuals who can efficiently manage, optimize and protect a company’s financial resources.

But what exactly does a Corporate Treasurer do?

Whether you are:

• A job seeker looking to understand the core responsibilities of this role,
• A hiring manager outlining the perfect candidate,
• Or simply interested in the financial intricacies of corporate operations,

You’ve come to the right place.

Today, we’re unveiling a customizable Corporate Treasurer job description template, designed for easy posting on job boards or career sites.

Let’s dive right in.

Corporate Treasurer Duties and Responsibilities

Corporate Treasurers are crucial in the financial management of a company.

They are responsible for corporate finance, risk management, and corporate strategy.

They manage a company’s financial operations and make decisions to ensure the company is financially successful and sustainable.

Their duties and responsibilities include:

• Overseeing and managing an organization’s financial goals, objectives, and budgets
• Implementing the organization’s financial strategies and plans
• Managing cash flow and forecasting financial trends
• Evaluating and managing risk, ensuring it aligns with the company’s risk appetite
• Securing new capital for organization expansion, debt management, or current operations
• Developing financial policies and procedures for operational efficiency
• Conducting regular reviews and reports on the company’s financial status
• Maintaining and building relations with financial institutions
• Ensuring compliance with the law and company’s policies
• Managing a team of financial controllers and financial analysts

 

Corporate Treasurer Job Description Template

Job Brief

We are looking for a skilled and analytical Corporate Treasurer to manage the financial assets of our organization.

This includes financial planning, risk management, cash management and corporate finance.

The Corporate Treasurer’s responsibilities include developing financial strategies, maintaining banking relationships, managing cash flow, advising on debt, investment or liquidity issues, and ensuring corporate financial stability.

Our ideal candidate has a solid understanding of financial law and risk management.

They should be comfortable working with financial software and have exceptional analytical skills.

 

Responsibilities

• Direct and oversee all aspects of cash management, accounts and investment activities.
• Develop strategies to optimize financial performance and position.
• Forecast cash flow positions, related borrowing needs, and funds available for investment.
• Ensure compliance with internal controls, policies and procedures.
• Manage relationships with financial service providers.
• Monitor and manage company’s debt and financial risk, including interest rate risk and foreign exchange risk.
• Prepare and present financial reports to the board of directors.
• Maintain lines of communication with investment advisors, auditors, solicitors etc.

 

Qualifications

• Proven work experience as a Corporate Treasurer, Treasurer or similar role.
• Knowledge of financial legislation, regulation and practices.
• Knowledge of monetary market, investment management and financing techniques.
• Working knowledge of MS Office and financial management software (e.g. SAP).
• Excellent organizational and communication skills.
• An analytical mind with a strategic ability.
• BSc/BA in Finance, Accounting, Business Administration or relevant field; professional certification (e.g. CFA/CPA) is a plus.

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Professional development opportunities

 

Additional Information

• Job Title: Corporate Treasurer
• Work Environment: Office setting with options for remote work. Some travel may be required for team meetings or banking consultations.
• Reporting Structure: Reports to the Chief Financial Officer or Financial Director.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $120,000 minimum to $200,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does a Corporate Treasurer Do?

Corporate Treasurers are high-ranking finance professionals who usually work for large corporations across a range of industries.

Their primary responsibility is to manage the financial assets of the company, ensuring that the corporation’s finances are effectively managed to support its ongoing operations and strategic goals.

Corporate Treasurers are involved in financial planning, risk management, and corporate finance decisions.

They monitor and manage the company’s cash flow, investments, and financial risk.

They also play a key role in sourcing and maintaining relationships with bankers, financial institutions, and investors to secure necessary funding for the company.

They may also be involved in decisions about capital structure, funding sources, and investment strategies.

In addition, Corporate Treasurers are responsible for ensuring compliance with financial regulations and standards.

They may also be involved in financial reporting, budgeting, and forecasting activities.

They often work closely with other senior executives and board members to provide strategic financial advice and to assist in making key business decisions.

 

Corporate Treasurer Qualifications and Skills

A proficient Corporate Treasurer should possess skills and qualifications that coincide with the job requirements, such as:

• Strong financial acumen and understanding of financial markets, investment strategies, and risk management.
• Effective communication skills to deliver complex financial information and strategies to non-financial stakeholders.
• Highly developed analytical and problem-solving skills to evaluate financial data and propose suitable financial management strategies.
• Leadership skills to effectively manage the treasury team and ensure the department aligns with the organization’s financial goals.
• Strong negotiation skills for dealing with banks, financial institutions and other stakeholders.
• Proficiency in financial software systems and tools for efficient management of the organization’s financial resources.
• Strict adherence to financial regulations and laws, with a strong understanding of regulatory compliance and governance.
• Detail-oriented with excellent organizational skills to manage multiple tasks and responsibilities simultaneously.

 

Corporate Treasurer Experience Requirements

Corporate Treasurers are expected to have a significant amount of experience in the financial sector, usually between 7 to 10 years.

This can be gained through roles such as Financial Analyst, Investment Analyst, or Corporate Finance Officer, where they would have learned to understand and manage complex financial situations.

Most Corporate Treasurers have a background in finance, business administration or a related field, and many also have an MBA or other advanced degree.

This extensive educational background is often supplemented by certifications such as Certified Treasury Professional (CTP) or Chartered Financial Analyst (CFA).

Candidates with more than 10 years of experience often have held senior-level roles in corporate finance, such as Finance Manager or Director of Finance.

They have demonstrated the ability to manage large budgets, forecast financial trends, and make strategic decisions that positively impact the financial health of the company.

Those with more than 15 years of experience have a proven track record of effectively managing financial risks, making them suitable for executive-level positions.

They likely have led teams, implemented financial policies, and developed strategies to optimize cash management.

In addition to their technical skills, Corporate Treasurers should have strong leadership abilities, excellent communication and negotiation skills, and a strategic mindset, all of which are usually honed through their years of experience.

 

Corporate Treasurer Education and Training Requirements

Corporate Treasurers typically hold a bachelor’s degree in finance, accounting, economics, or a related field.

This role requires a strong background in financial management, investment strategies, risk management, and corporate finance.

Some positions may require Corporate Treasurers to have advanced knowledge in corporate governance and regulatory compliance.

Many employers prefer candidates with a master’s degree in business administration (MBA) or a related discipline.

This advanced education can provide in-depth knowledge on financial markets, management strategies, and business operations.

Corporate Treasurers are often encouraged or required to hold certifications like the Certified Treasury Professional (CTP) or Chartered Financial Analyst (CFA).

These certifications demonstrate a high level of expertise and commitment to the profession.

In addition to formal education and certification, Corporate Treasurers should have several years of experience in corporate finance or treasury roles.

This experience is crucial for understanding the complexities of managing an organization’s financial resources and for making strategic financial decisions.

Continued professional development is also important in this role due to the dynamic nature of financial markets and regulations.

This could be achieved through seminars, workshops, or further studies.

 

Corporate Treasurer Salary Expectations

A Corporate Treasurer earns an average salary of $120,634 (USD) per year.

The actual earnings may vary depending on their level of experience, the size of the organization they work for, and the geographical location.

 

Corporate Treasurer Job Description FAQs

What skills does a corporate treasurer need?

A corporate treasurer should possess strong analytical and problem-solving skills, given the nature of their work that involves financial risk assessment and management.

Excellent communication skills are also necessary for presenting financial information to top management.

Corporate treasurers should also have a good understanding of financial markets and have the ability to make sound decisions under pressure.

 

Do corporate treasurers need a degree?

Yes, a bachelor’s degree in finance, accounting or a related field is typically required for a corporate treasurer role.

Many organizations prefer candidates with a Master’s degree in Business Administration (MBA) or relevant professional certifications such as Certified Treasury Professional (CTP) or Chartered Financial Analyst (CFA).

 

What should you look for in a corporate treasurer’s resume?

Look for a solid educational background in finance or a related field.

Experience in treasury operations, financial risk management, or similar roles would be highly beneficial.

Proficiency in financial software and data analysis tools is also essential.

A good corporate treasurer’s resume would also highlight leadership skills, strategic planning abilities, and a good understanding of regulatory requirements related to treasury operations.

 

What qualities make a good corporate treasurer?

A good corporate treasurer is analytical and detail-oriented, with strong financial and business acumen.

They should be able to make sound decisions under pressure, and be able to communicate complex financial information in an understandable manner.

Trustworthiness and integrity are also crucial qualities, given the sensitive nature of financial information they handle.

 

Is it difficult to hire a corporate treasurer?

Hiring a corporate treasurer can be challenging given the level of expertise and experience required for the role.

It is crucial to find someone who not only has the necessary financial skills and qualifications, but also possesses strong leadership abilities and a strategic mindset.

Offering competitive compensation packages and clear career progression paths can help attract top talent for this role.

 

Conclusion

And there we have it.

Today, we’ve uncovered the intricate world of a corporate treasurer.

And guess what?

It’s not just about managing financial risks.

It’s about shaping the financial stability and growth of the corporation, one strategic decision at a time.

With our essential corporate treasurer job description template and real-world examples, you’re primed for action.

But why halt your journey here?

Delve deeper with our job description generator. It’s your stepping stone to meticulously crafted job listings or refining your resume to precision.

Remember:

Every financial decision is a piece of the larger corporate puzzle.

Let’s shape that financial future. Together.

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