Key Responsibilities and Required Skills for a Treasury Specialist

🎯 Role Definition

This role requires a detail-oriented and analytical Treasury Specialist to join our dynamic finance team. This role is a cornerstone of our financial operations, responsible for managing the company's daily liquidity, ensuring financial obligations are met, and optimizing our cash and banking structures. You will be a key player in safeguarding the company's financial assets, mitigating financial risks, and providing critical analysis to support strategic decisions. The ideal candidate is a proactive problem-solver who thrives in a fast-paced environment and is eager to contribute to the efficiency and security of our global treasury functions.

📈 Career Progression

Typical Career Path

Entry Point From:

Junior Accountant / Staff Accountant
Financial Analyst
Accounts Payable / Receivable Specialist

Advancement To:

Senior Treasury Analyst / Senior Treasury Specialist
Treasury Manager
Assistant Treasurer

Lateral Moves:

Financial Planning & Analysis (FP&A) Analyst
Corporate Finance Analyst
Risk Management Analyst

Core Responsibilities

Primary Functions

Manage and execute daily cash management activities, including consolidating global cash positions, analyzing bank account balances, and ensuring sufficient liquidity for operational needs.
Prepare and analyze the daily, weekly, and 13-week cash flow forecasts, investigating variances and collaborating with business units to improve forecast accuracy.
Execute electronic payments, including domestic and international wire transfers, ACH payments, and foreign currency settlements, ensuring accuracy, proper authorization, and timely execution.
Administer the company's bank relationships, including opening, maintaining, and closing bank accounts, and managing bank service providers and fee structures.
Monitor and manage foreign exchange (FX) exposure, executing spot and forward contracts as directed to mitigate currency risk.
Support the management of the company's debt portfolio, including monitoring compliance with covenants, processing interest and principal payments, and preparing related reports.
Administer and serve as a subject matter expert for the Treasury Management System (TMS), ensuring data integrity and optimizing system functionality.
Prepare and analyze monthly and quarterly treasury reports for senior management, highlighting key metrics, trends, and variances related to cash, debt, and investments.
Reconcile bank activity with the general ledger, researching and resolving any discrepancies in a timely manner to support the monthly financial close process.
Manage and support the company's corporate card, purchasing card, and virtual card programs, including administration and issue resolution.
Assist in the evaluation and implementation of new banking products, services, and technologies to enhance operational efficiency and control.
Ensure compliance with internal controls, policies, and procedures, including SOX requirements related to treasury operations.
Support the annual FBAR (Report of Foreign Bank and Financial Accounts) filing process by gathering and verifying necessary data.
Facilitate the issuance and management of letters of credit, bank guarantees, and surety bonds, tracking expirations and fees.
across the organization.
Participate in the investment of short-term excess cash, adhering to the company's investment policy to optimize returns while preserving capital.
Analyze and negotiate bank fees, identifying opportunities for cost savings and service improvements across our banking network.
Act as a primary point of contact for internal departments (e.g., Accounting, FP&A, Tax, Legal) on all treasury-related matters.
Develop and maintain procedural documentation for all key treasury processes to ensure business continuity and consistency.
Support internal and external audit requests by providing required documentation, explanations, and analysis for treasury-related areas.
Monitor global financial markets and economic trends to identify potential impacts on the company's liquidity, risk profile, and borrowing costs.
Assist with the integration of treasury functions for newly acquired entities, including bank account consolidation and process alignment.

Secondary Functions

Support ad-hoc data requests and exploratory financial analysis for special projects initiated by senior management.
Contribute to the organization's financial technology strategy and roadmap, particularly regarding treasury and banking systems.
Collaborate with business units to translate their financial and banking needs into treasury requirements and solutions.
Participate in sprint planning and agile ceremonies if the finance team operates within an agile framework for projects.

Required Skills & Competencies

Hard Skills (Technical)

Cash Management: Deep understanding of daily cash positioning, liquidity management, and short-term forecasting.
Treasury Management Systems (TMS): Proficiency with a major TMS such as Kyriba, GTreasury, SAP Treasury, or ION.
Advanced Microsoft Excel: Ability to create complex spreadsheets, pivot tables, v-lookups, and financial models for analysis and reporting.
Online Banking Portals: Extensive experience navigating and executing transactions within various commercial banking platforms (e.g., J.P. Morgan Access, Bank of America CashPro).
ERP Systems: Working knowledge of ERP systems like SAP, Oracle, or NetSuite, particularly the cash management and general ledger modules.
Financial Analysis: Strong ability to analyze financial data, identify trends, and provide insightful commentary on cash flow and risk exposures.
Foreign Exchange (FX): Knowledge of FX markets, including spot and forward contracts, and an understanding of currency risk management principles.
Payment Processing: Expertise in various payment methods, including wires (Fed, SWIFT), ACH, and checks.
Corporate Finance Principles: Solid foundation in corporate finance, accounting principles, and financial statement analysis.
SOX Compliance: Understanding of Sarbanes-Oxley controls and requirements as they apply to treasury and cash handling processes.

Soft Skills

Exceptional Attention to Detail: Meticulous and precise, especially when handling high-value transactions and critical financial data.
Analytical & Problem-Solving Skills: Capable of identifying discrepancies, investigating root causes, and recommending effective solutions.
Strong Communication: Ability to clearly and concisely communicate complex financial information to both finance and non-finance stakeholders.
Proactive & Self-Motivated: A "doer" who takes initiative, anticipates needs, and drives processes forward with minimal supervision.
Time Management & Organization: Proven ability to manage multiple competing priorities and meet tight deadlines in a fast-paced environment.
Collaboration & Teamwork: Builds strong relationships with internal teams and external partners (banks) to achieve common goals.
High Integrity: Demonstrates unwavering ethical standards and discretion when handling sensitive company assets and information.

Education & Experience

Educational Background

Minimum Education:

Bachelor's Degree

Preferred Education:

Master’s Degree in a related field or a relevant professional certification.

Relevant Fields of Study:

Finance
Accounting
Economics
Business Administration

Experience Requirements

Typical Experience Range:

3-5 years of direct experience in a corporate treasury department, corporate finance, or a related banking role.

Preferred:

Experience in a treasury function for a multinational corporation with exposure to multi-currency cash management.
Certified Treasury Professional (CTP) designation is a strong plus.
Experience with treasury system implementation or process improvement projects.