Corporate Treasurer: An Amazing Career Choice For Accounting Graduates
Corporate Treasury is a profession built on the basis of a number of financial disciplines, which are not only important in themself, but also support and complement each other. A treasury analyst can help companies to make smart investments. Treasury analysts are often in the state and federal agencies, because their work is based on knowledge of banking, policy and market analysis, and banking applications themselves. According to Payscale, average salaries of treasury analysts range in the United States range between $47,914 to $222,433.
Corporate Treasurers need to have critical thinking, detail-oriented, ability to manage time and meet deadlines, manage priorities, and control the company’s financial policies and financial procedures seem to responsibly and profitably. They often work more than 40 hours per week and many may have to travel sometimes.
Responsibilities of A Corporate Treasurer
Corporate Treasurers’ primary responsibilities involve:
• Gathering Information
Corporate treasurers analyze reports and gather information from them.
• Arranging Meetings
They are also supposed to arrange meetings with colleagues.
• Maintaining Relationships With The People Of Financial Services
They develop relationships with banking and financial services representatives who work with the company.
• Developing Strategies
Develop strategies and corporate financial budgets as needed.
• Managing Risk
Corporate treasurers also conduct analysis and observe risk.
They also deal with fiscal control and tax reporting.
• Managing Bonds:
Managing disputes over bonds in the market and raise funds.
• Raising Investment
Corporate treasurers ask your current shareholders to raise their investment in your company.
• Dealing With Loan And Credit Lines
Negotiating the terms of a loan or overdraft with banks.
• Finding Creative Ways For Compensation
Work with an equipment company to develop a new and creative ways to compensate for your company’s latest machine anxious to get into a new market.
• Managing Temporary Shortage Of Money
Manage a temporary shortage of money for money paid by customers as collateral for a short-term loan.
Education Required for a Career in Corporate Treasury
Corporate Treasurers monitor and manage the financial aspects of the operations of a business, with an eye toward financial responsibility and maximize profits. They usually have a Bachelor’s Degree In Accounting and sometimes in Finance. If you are interested in topics such as finance, accounting, economics and business, corporate treasury can be of your interest. Extensive related experience is a common job requirement for most corporate treasury jobs. CPA and a Master’s degree are also preferred. Ongoing education is vital for corporate treasurers, as they must be aware of the current changes in tax codes and rules for financial instruments.
A corporate treasurer is an important part of the corporate accounting department. Treasury departments specialize in their accounting activities, and so required experienced employees. They also engage in the monetary risk management of corporations, helping to manage corporate liability and maintain cost-effective financing for commercial expansion. Are you ready to become a part of this industry?