what is a treasury analyst?
A treasury analyst is a financial professional who specializes in managing a company's cash and financial resources. Their key role is to monitor cash flows, develop financial forecasts, manage financial risks such as exchange and interest rates, and invest surplus cash to maximize financial returns.
Working closely with the treasurer or finance manager, the treasury analyst negotiates with financial institutions for efficient banking solutions, and ensures that the company has the necessary funds for its financial operations and obligations. By providing regular cash position reports and financial analyses, he or she helps to make informed decisions and optimize the company's financial operations, while maintaining its financial stability.
treasury analyst rolesaverage treasury analyst salary
The average annual salary for a treasury analyst in Canada is approximately $70,000. Salaries range from $60,000 to $120,000 per year, depending on the candidate's province, industry and experience.
Good experience in cash flow management will help you increase your earning potential. Performance bonuses and profit sharing may also be part of your remuneration package. The highest treasury analyst salaries are found in Alberta and British Columbia.
Here's an overview of average salaries by province:
Alberta: $77,000 to $120,000
British Columbia: $68,000 to $115,000
Ontario: $68,000 to $115,000
Quebec: $60,000 to $100,000
what factors affect the salary of an treasury analyst?
A treasury analyst's salary is influenced by a number of key factors, including his or her level of professional experience, the degree of responsibility he or she assumes, his or her level of education and qualifications, the industry sector in which he or she works, geographic region, technical skills, individual performance, general economic conditions and ability to negotiate.
Years of experience, increased responsibility, relevant qualifications and specialized skills can lead to higher pay, while external factors such as location and economic conditions also play a role in determining salary.
types of treasury analysts
Treasury analysts can be classified into several categories according to their level of experience, responsibilities and specializations.
Here are some of the common categories of treasury analysts:
Junior treasury analyst: These are junior analysts who support the treasury team by performing basic operational tasks, such as managing bank accounts, monitoring cash flows, preparing simple financial reports, etc.
Senior treasury analysts: These professionals have acquired significant experience in the treasury field and take on more complex responsibilities, such as debt management, investment optimization, negotiating with banks, and implementing financial risk management strategies.
Specialized treasury analysts: Some treasury analysts specialize in particular areas, such as forex risk management, banking relationship management, short-term investment management (cash management), or the management of financial derivatives.
Corporate treasury analyst: These professionals work directly for a specific company and are responsible for that company's internal cash management.
Consulting firm treasury analyst: Some treasury analysts work for financial or management consulting firms, providing treasury consulting services to various corporate clients.
Assistant treasurer: Although sometimes considered a management level, the assistant treasurer is also a type of treasury analyst who assumes an additional supervisory and management role in the treasury team.
These categories are not exhaustive, and there may be other levels or specific specializations depending on the company and industry. The hierarchy and responsibilities of treasury analysts may also vary according to the size and complexity of the organization.
working as a quality engineer
Want to become a treasury analyst? Find out more about the tasks and responsibilities of treasury analysts.
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what does a data analyst do?
As a treasury analyst, your daily tasks may include :
- exploring savings opportunities
- analyzing and updating company accounts
- managing cash flow
- coordinating internal finances
- writing and delivering financial reports
- assess investment risks
- carry out short- and long-term business planning
- consult with legal counsel
- prepare financial documents for management
- update policies and procedures
- process optimization
- compliance and regulation
These tasks demonstrate the importance of the treasury analyst's role in the company's day-to-day financial management, as well as in longer-term planning to ensure the organization's financial stability and growth.
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work environment of a treasury analyst
Treasury analysts often work for large companies. You could be working in several different areas. As treasury management is now considered a specialized field separate from accounting, it's important that you look for opportunities in large companies where a dedicated treasury department is present. You may be required to travel as part of your job to meet with company subsidiaries and attend meetings and events.
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who are your colleagues?
The treasury analyst collaborates with various professionals within the company and with external partners to effectively manage cash and financial resources. Under the supervision of the treasurer, he or she works closely with accountants, financial controllers and purchasing and sales managers to ensure accurate accounting of cash transactions, manage payments to suppliers and receipts from customers. He deals with bankers to manage bank accounts, negotiate financial products and obtain suitable banking services. In addition, he collaborates with investment managers to manage cash surpluses, and works with tax experts and lawyers on legal and tax issues.
This inter-professional collaboration enables the treasury analyst to make informed financial decisions and optimize the company's cash management.
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treasury analyst work schedule
A treasury analyst generally works in an office environment with traditional 9-5 hours, Monday to Friday. Overtime may be part of the job in order to meet deadlines and cope with urgent tasks, special projects or peak periods, such as the annual financial close. In some companies, flexibility in working hours may be granted, allowing the treasury analyst to start earlier or finish later depending on the needs of the job. As a result of technological developments, some companies may offer partial or full teleworking opportunities for their employees, including treasury analysts.
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career opportunities as a treasury analyst
Many treasury analysts come from accounting and financial services backgrounds. treasury analyst jobs can lead you to senior positions, and with experience you can progress to management-level jobs.
With significant experience in treasury management and leadership skills, it's possible to rise through the ranks to become an assistant treasurer or, eventually, a treasurer, overseeing the company's treasury team. In larger companies, a treasury analyst may aspire to become the corporate treasurer, responsible for overall cash management and playing a key role in strategic financial decision-making. After accumulating significant experience in treasury management, some specialists may opt for a career as a treasury consultant, offering treasury management consulting services to various companies.
Treasury management skills may also be transferable to other financial roles such as corporate finance manager, financial risk manager, or financial controller.
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advantages of finding an treasury analyst job through randstad
Finding your treasury analyst job through Randstad provides important advantages such as:
- a wide variety of training and development opportunities
- an experienced contact person to provide help if needed
- a range of opportunities in your area
- get paid weekly or monthly, depending on the job
- temporary and permanent contracts
treasury analyst education and skills
All treasury analyst jobs require a bachelor's degree in accounting or finance. Degrees in economics and business administration are also common.
Earning a master's degree will make you a prime candidate for moving into management positions.
Even if you don't have to, obtaining formal certification in accounting and finance will give you a leg up on other candidates.
skills and competencies
Skills sought by employers for the position of treasury analyst may include :
- cash management expertise: In-depth knowledge of cash management techniques and strategies, such as cash flow management, investment optimization and debt management, is required to effectively manage the company's liquid assets.
- Financial analysis skills: The ability to analyze cash flows, financial forecasts and financial reports is crucial to assessing the company's financial health and identifying opportunities for improvement.
- Financial analysis skills: The ability to analyze cash flows, financial forecasts and financial reports is crucial to assessing the company's financial health and identifying opportunities for improvement.
- project management skills: Cash management often involves tight deadlines and multiple tasks, so it's important to be organized and to plan work efficiently.
- good critical thinking skills: The ability to solve cash management problems quickly and effectively is essential, especially in the event of market fluctuations or emergency situations.
- expertise in risk management and avoidance: The ability to identify and manage financial risks, such as currency risks, interest rates and market fluctuations, is essential to protect the company against potential losses.
- experience working with financial analysis software: Proficiency in computer tools and financial and cash management software is important for carrying out financial analyses, forecasts and simulations.
FAQs
FAQs about working as an treasury analyst
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what are the main responsibilities of a treasury analyst?
As a treasury analyst, you will be responsible for monitoring and managing the cash flows, assets, liabilities and credit of the company you work for. You'll coordinate with all internal departments and work as part of a team with the finance department.
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what skills are required to become a treasury analyst?
Employers are looking for candidates with expertise in treasury management, strong financial analysis and project management skills, and a well-developed critical mind. Experience in macroeconomics, mastery of risk management and risk avoidance, and familiarity with financial analysis software are also valued skills for the position of treasury analyst.
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what is the typical career path of a treasury analyst?
Many treasury analysts have backgrounds in accounting and financial services. treasury analyst positions offer opportunities for advancement to senior roles, and with experience you may progress to management or related corporate finance positions.
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what software or tools are commonly used by treasury analysts?
Treasury analysts generally use a combination of specialized software and tools to facilitate their work and effectively manage financial operations. Here are some of the software and tools commonly used by treasury analysts:
- Treasury Management Systems
- cash management software
- financial risk management software
- business intelligence tools
- accounting software
- banking communication tools
- spreadsheets (Excel, Google Sheets)
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are there any certifications that can enhance a treasury analyst's career?
There are a number of certifications that can enhance a treasury analyst's career by reinforcing their skills and giving them additional professional recognition. Some of the most relevant certifications for treasury analysts include :
- Financial Management Association of Canada (FMA) Financial Management Certificate (FMC): This certification is specifically designed for professionals working in financial management, including those involved in treasury and corporate finance.
- Certified Professional Treasurer (CTP): This certification is offered by the Association of Financial Professionals and is widely recognized in the treasury field. It focuses on cash management, financial risk management, payments and liquidity management.
- Certificate in Treasury Management: This certification focuses on skills related to cash management, investments and financial risk management.
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how do I apply for a treasury analyst vacancy?
Applying for an treasury analyst job is easy: create a Randstad profile and search our seo job offers for vacancies in your area. Then simply send us your CV and cover letter. Need help with your application? Check out all our job search tips here!
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