Torchora
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Key Responsibilities and Required Skills for Treasurer

💰 $ - $

FinanceTreasuryAccountingCorporate FinanceRisk Management

🎯 Role Definition

We are seeking a strategic and hands-on Treasurer who will own the organization's treasury function, safeguard liquidity, optimize working capital, manage financial risk (FX, interest rate, counterparty), and lead treasury operations and treasury technology. The Treasurer will partner with executive leadership, accounting, tax, legal and business unit leaders to align financing and liquidity solutions with business objectives and regulatory requirements.

📈 Career Progression

Typical Career Path

Entry Point From:

  • Senior Treasury Manager / Head of Cash Management
  • Corporate Finance Manager or Director of Finance
  • Head of Working Capital or Treasury Operations

Advancement To:

  • Chief Financial Officer (CFO)
  • Executive Vice President, Finance
  • Group Treasurer for multi-national or enterprise-level businesses

Lateral Moves:

  • Head of Risk Management
  • Director of Capital Markets
  • VP Corporate Development

Core Responsibilities

Primary Functions

  • Develop, implement and continuously refine the corporate treasury strategy to ensure sufficient liquidity, optimal capital structure, and alignment with strategic growth and M&A objectives across domestic and international operations.
  • Lead cash management operations including centralized cash pooling, bank account structures, intragroup funding, and execution of daily cash positioning and short-term investments to maximize yield and minimize idle balances.
  • Design and maintain robust cash flow forecasting processes (short-, medium- and long-term) using rolling forecasts and scenario analysis to anticipate funding needs, optimize working capital and support executive decision-making.
  • Manage relationships with banks, financial institutions, rating agencies and other capital providers; negotiate banking agreements, lines of credit, committed facilities and bank fees to secure competitive terms and operational flexibility.
  • Oversee debt management: structure, execute and monitor debt issuances, refinancing, covenant compliance, amortization schedules and compliance reporting to lenders and trustees.
  • Establish and maintain treasury policies, procedures and internal controls including segregation of duties, treasury approval matrices, bank mandate governance and anti-fraud measures to reduce operational and financial risk.
  • Lead foreign exchange (FX) and interest rate risk management programs: develop hedging strategy, execute hedging transactions, maintain hedge accounting documentation and analyze hedge effectiveness in coordination with accounting and tax.
  • Manage intercompany lending and receivable structures, transfer pricing implications and cash repatriation strategies to optimize tax efficiency and comply with local regulations.
  • Implement and maintain treasury systems (TMS), bank connectivity (SWIFT/host-to-host), and integration with ERP systems to automate payments, improve cash visibility and streamline cash reconciliation processes.
  • Oversee payment operations and controls for high-volume treasury payments (AP/AR interface), including global payments, ACH, wires, SWIFT and card programs, ensuring secure, compliant, and efficient execution.
  • Monitor and report on key treasury metrics (liquidity ratios, days cash on hand, working capital metrics, cash conversion cycle) and provide regular executive-level dashboards and ad-hoc analyses to support strategic decisions.
  • Lead capital allocation and investment policy for surplus cash: set investment guidelines, counterparty limits, approve instruments (MMIs, term deposits, commercial paper) and ensure compliance with liquidity and risk appetite policies.
  • Coordinate with tax and legal on cross-border cash flows, withholding tax, foreign exchange controls, and regulatory filings to ensure global compliance and efficient repatriation of funds.
  • Drive treasury-related accounting close activities including cash and bank reconciliations, intercompany eliminations, accounting for derivatives and hedge accounting disclosures in collaboration with Corporate Accounting.
  • Ensure compliance with regulatory reporting and requirements including KYC/AML for banking relationships, OFAC/sanctions screening, and local country cash management regulations.
  • Manage treasury team: recruit, mentor and develop treasury professionals, set performance objectives, and build a scalable operating model to support growth and complexity.
  • Coordinate debt covenant tracking, lender reporting and remediation plans when covenant breaches are at risk, and proactively communicate financing plans with stakeholders.
  • Lead treasury aspects of M&A activity and restructuring: evaluate target company cash positions, funding needs, post-acquisition integration of bank accounts, and financing requirements.
  • Design and operate working capital optimization programs (receivables, payables and inventory financing), partnering with commercial and operations teams to improve cash conversion and reduce funding costs.
  • Conduct periodic treasury risk assessments, prepare stress-testing scenarios and contingency funding plans (CFP) to ensure business continuity during liquidity shocks or market dislocations.
  • Manage relationships with external advisors (investment banks, law firms, auditors) on capital markets transactions, derivative documentation (ISDA), and complex financing structures.
  • Oversee implementation of cross-border cash management initiatives and treasury center models (CTC/GTC), driving standardization, centralization and local compliance across jurisdictions.

Secondary Functions

  • Support ERP and TMS implementation projects by providing treasury domain expertise, testing conversion, and ensuring reconciliation and connectivity requirements.
  • Partner with FP&A to align cash forecasting assumptions to operating plans and scenario modeling for strategic capital allocation decisions.
  • Provide treasury insights for investor relations and board reporting, including liquidity outlook, debt strategy and financial risk exposure summaries.
  • Assist internal audit and external auditors during treasury audits, providing documentation, evidence of controls, and remediation plans for findings.
  • Drive continuous improvement initiatives across treasury processes, including automation of reconciliations, straight-through processing (STP) and reduction of manual interventions.
  • Liaise with procurement and payables teams to implement supplier financing and dynamic discounting programs that support liquidity and cost optimization.
  • Educate and communicate treasury policies across the business, including payment controls, approved instruments and thresholds for third-party counterparty exposure.
  • Support tax and legal teams during tax audits or regulatory inquiries related to cash movements, intercompany loans and repatriation schemes.

Required Skills & Competencies

Hard Skills (Technical)

  • Cash and liquidity management expertise, including cash pooling, intercompany funding and centralized treasury operations.
  • Cash flow forecasting and scenario modeling using treasury management systems (TMS) and Excel — advanced financial modeling skills.
  • Debt structuring and capital markets experience: negotiating bank facilities, bonds, commercial paper and project financing.
  • Derivatives and hedge accounting knowledge (FX forwards, swaps, options) and practical experience implementing hedging programs and IAS/ASC hedge accounting.
  • Treasury systems and technology proficiency: hands-on experience with TMS (e.g., Kyriba, Reval/ION, GTreasury), ERP integration (SAP, Oracle NetSuite) and SWIFT connectivity.
  • Bank relationship and fee negotiation skills, including experience establishing banking platforms and negotiating cash management services.
  • Investment management for corporate cash: short-term investments, counterparty credit assessment, and investment policy implementation.
  • Regulatory and compliance knowledge: KYC/AML, sanctions screening, local treasury regulations, cross-border cash rules.
  • Working capital optimization techniques including receivables financing, dynamic discounting, supply chain finance and inventory financing.
  • Financial statement and accounting knowledge related to treasury: cash accounting, derivative accounting, GAAP/IFRS exposure.
  • Risk management: interest rate and FX risk measurement, Value-at-Risk (VaR), stress testing and contingency funding planning.
  • Project management and implementation experience for system rollouts, bank migrations and process reengineering.
  • Data analysis and reporting skills: SQL or advanced Excel, dashboards and KPI reporting for treasury performance.
  • Familiarity with payment systems and formats (ACH, SEPA, CHAPS) and fraud prevention technologies (positive pay, tokenization).

Soft Skills

  • Strategic thinker with ability to translate financial strategy into operational treasury programs.
  • Strong leadership and team development capabilities; experience leading and scaling a treasury function.
  • Excellent stakeholder management and communication skills; comfortable presenting to executive leadership and boards.
  • High attention to detail and process-orientation to maintain robust internal controls and audit readiness.
  • Problem-solving mindset with ability to act decisively in high-pressure liquidity or market volatility situations.
  • Negotiation skills and commercial acumen when dealing with banks, counterparties and internal partners.
  • Collaborative approach to work across finance, legal, tax, operations and commercial teams.
  • Integrity and ethical judgment in handling confidential financial information and regulatory matters.

Education & Experience

Educational Background

Minimum Education:

  • Bachelor's degree in Finance, Accounting, Economics, Business Administration or related field.

Preferred Education:

  • Master's degree (MBA, MS Finance) or advanced professional qualification (CFA, CPA, ACCA).

Relevant Fields of Study:

  • Finance
  • Accounting
  • Economics
  • Business Administration
  • Financial Engineering

Experience Requirements

Typical Experience Range:

  • 8–15+ years of progressive treasury, corporate finance or capital markets experience; 3–7 years in a leadership role.

Preferred:

  • Prior experience as a corporate Treasurer, Head of Treasury, or Senior Treasury Manager in a multi-national corporation.
  • Demonstrated track record implementing TMS integrations, managing multi-currency environments, and leading debt or capital markets transactions.
  • Experience with policy development, internal controls, regulatory compliance, and cross-border treasury operations.
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