What is a Treasury Analyst?

Finance majors looking for an in-demand job after graduation should consider becoming a treasury analyst. As the title suggests, treasury analysts handle the banking transactions of an organization to manage the cash flow. It’s their job to ensure that all financial payments made to and from the company are processed properly. The U.S. economy is recovering, so companies are seeing more revenue on their ledgers. Treasury analysts will be increasingly hired to make certain profits are credited to accounts and accurate taxes are paid. Organizations will depend on treasury analysts to follow the latest financial regulatory reforms from the government. The Bureau of Labor Statistics predicts that the employment of treasury analysts will grow faster-than-average by 12 percent through 2024. Determine if this is your finance career fit by reviewing the following brief job profile on treasury analysts.

What Treasury Analysts Do

Treasury analysts have the key responsibility of monitoring the organization’s supply and transfer of money by keeping detailed financial records. They’ll create logs to track every ingoing and outgoing transaction of cash. Treasury analysts work closely with other financial analysts and accountants to direct asset management. Typical daily duties can include reviewing bank statements, performing wire transfers, processing taxes, producing accurate cash forecasts, assessing liability levels, and tracking investment income. Senior treasury analysts may also develop inventive financial strategies to boost company profits. Some may even help management set policies for successful mergers or acquisitions. Treasury analysts are basically involved in all banking operations to maintain good financial health, according to Robert Walters.

Where Treasury Analysts Work

According to the BLS, there are 268,360 treasury analysts and other financial analysts working nationwide to coordinate smooth cash flow. The highest percentage of treasury analysts works for private corporations in various industries, from retail to automotive. Many find government employment with federal, state, municipal, or local agencies. Other top employers of treasury analysts includes banks, insurance companies, universities, manufacturers, hospitals, and nonprofit organizations. Treasury analysts can be found organizing finances in virtually any entity where money transactions are made. Most are employed full-time for 40 to 50 hours per week. Treasury analysts spend considerable time in an office setting with little travel.

How To Become a Treasury Analyst

Generally, treasury analysts need to hold at least a bachelor’s degree from an accredited, four-year business school. Majors in finance, accounting, business, statistics, and economics are the best preparation. Some universities even offer a corporate treasury management (CTM) program. Fill your electives with coursework in financial analysis, banking, risk management, corporate finance, auditing, supply chain, and quantitative reasoning. Taking on an internship or co-operative is also recommended. After graduation, you’ll likely need at least two years of finance experience before becoming a treasury analyst. Many begin their careers as credit analysts, bookkeeping clerks, tax associates, auditors, or sales agents. Obtaining voluntary certification from the AFP as a Certified Treasury Professional can help you advance.

Related Resource: Credit Analysis Manager

Overall, treasury analysts are committed to managing an organization’s capital by checking that accounts receivable and payable are processed right. While overseeing the transfer of money, treasury analysts watch for and fix any discrepancies that could cause financial loss. In exchange for protecting organizations’ funds, treasury analysts earn an average yearly salary of $95,320, or $45.83 per hour. Working as a treasury analyst can unlock promotions to cash manager, treasurer, controller, or even Chief Financial Officer (CFO).