How to Become a Treasury Analyst
Step 1: Understand the job description and responsibilities of a Treasury Analyst
What does a Treasury Analyst do?
A Treasury Analyst is responsible for supporting all aspects of daily treasury operations. Oversees cash reporting and forecasting, credit administration, lender compliance requirements, administration of business insurance programs, and debt facility modeling. Being a Treasury Analyst researches economic trends and investment opportunities. May assist senior staff with preparing materials and reports using standard methodologies and procedures. Additionally, Treasury Analyst determines procurement of funds, and monitors investments and collections. Typically requires a bachelor's degree. Typically reports to a manager. The Treasury Analyst work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Treasury Analyst typically requires 0-2 years of related experience.
The job description for a treasury analyst is quite variable, as this job title is used in reference to several different types of positions in the financial world.
As a general rule, people interested in this kind of work need at least an associate's degree, and may need a master of business administration degree for high powered analyst jobs.
One kind of treasury analyst is a person who manages the flow of cash at a financial institution or in an office where cash transactions are made.
The treasury analyst is responsible for logging cash transactions, keeping records, overseeing transfers, and engaging in other activities related to monitoring the supply and movement of cash.
This type of analyst may support other staffers and can work with people like accountants to keep accurate and detailed financial records.
Step 2: Learn best tips to become a Treasury Analyst
Best tips for those who want to become a Treasury Analyst
Here are some tips to become a Treasury Analyst.
Treasury Analyst, Administrator.
Demonstrable Excel modeling skills.
Ability to be both creative and efficient in the development of Power Point presentations.
Excellent verbal and written communication skills, with the ability to interact with all levels of the organization.
Ability to confidently present detailed information to senior management.
Step 3: View best colleges and universities for Treasury Analyst
Best colleges and universities for Treasury Analyst
- Florida Southern College
- Colby College
- Dartmouth College
- University of Notre Dame
- Western Washington University
- Canisius College
Step 4: Think about whether is it worth to be a Treasury Analyst
Is being a Treasury Analyst Worth it?
TTEC is seeking an experienced Treasury Analyst to join our Enterprise Services team at our Global Corporate Headquarters based in the Denver Colorado area.
Requires broad knowledge of Treasury wide processes, analytical, decision making and problem-solving skills, independent judgement and the ability to execute in accordance with attestation, compliance and Liberty Mutual standards and controls.
Under general guidance and as assigned, actively participates in efforts focused on Treasury processes and/or business unit(s) initiatives.
Develop management reports summarizing cash flows, other treasury activities and vendor fees.
– Check and verify cash transactions and investigate and propose possible resolution for any discrepancies – Manage local bank accounts, and ensure that sufficient funds are available to meet ongoing operational requirements – Work closely with Treasury office on payment projections cash flow management; maintain the weekly cash disbursements forecast.
Step 5: Prepare relevant skills for being a Treasury Analyst
What skills do you need to be a Treasury Analyst?
Management often looks to professional level roles for execution on their visions and goals, as such some specific skills are required. The workload of this role requires knowledge of: Cash Management, Financial Planning & Analysis (FP&A), Flow Of Funds Management, Treasury Management, Trend Analysis. Sometimes for this role, knowledge of the following is helpful: Credit and Collections Software, Financial Analysis Software, Predictive Analytics Software, Treasury Management Software. If you highlight these skills during your interview process, you will be more likely to land the job!
Within the Asset & Liability Group in the Corporate Treasury Department, this position will be responsible for organizing, coordinating, analyzing and reporting interest rate risk for KeyCorp.
The position is responsible for supporting the functions of the Interest Rate Risk Team, net Interest income and net interest margin analytics, and other internal and external individuals and groups as required including Corporate Treasury Oversight and Model Risk Management.
Being a Treasury Analyst requires a unique combination of hard and soft skills.
While the position requires a solid foundation in finances, Treasury Analysts also must have strong communication and leadership skills.
The Business Ferret – The Business Ferret is a general financial analysis blog, but it contains great information for an aspiring Treasury Analysts.
Step 6: View average salary for Treasury Analyst
How much does a Treasury Analyst make?
The average salary range for a Treasury Analyst is from $58,164 to $70,154. The salary will change depending on your location, job level, experience, education, and skills.
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Average salary for Treasury Analyst jobs
Step 7: Find relevant Treasury Analyst jobs, and apply.
Looking for Treasury Analyst jobs?
Here are some Treasury Analyst jobs in the United States.