ADD ADVICE TO FAVTreasurer
Treasurers work for all types of organisation including non-financial businesses, banks or insurance companies and government, local authority and charitable / NGO operations.
What corporate treasurers do
- manage the organisation’s funds and cash flow
- manage the organisation’s capital structure, including raising new funds
- manage relationships with suppliers of financial services, eg banks
- model and manage an organisation’s exposure to financial and business risk (including currency fluctuations or changing interest rates)
- take responsible for financial security – establishing financial controls within an organisation.
Key skills
- communication skills
- ability to analyse and absorb information
- accuracy and attention to detail
- ability to write clear reports
- negotiating skills
- ability to work under pressure
- numeracy
- understanding of how businesses work
- commercial judgement.
Training to be a treasurer
Treasurers gain practical experience in the workplace and study part time for the examinations of the Association of Corporate Treasurers.
Some graduates begin as treasury trainees, while others start in accountancy, corporate finance, tax or legal departments and transfer to treasury work when an opportunity arises or after a successful placement in treasury as part of a graduate-training programme.
Salaries
Starting salaries are around £25,000 to £25,000. A newly-qualified corporate treasurer can expect over £40,000, rising to over £55,000 once experienced. Group treasurers of top FTSE-100 companies can earn over £100,000.
