Foreign Currency
Treasury professionals work behind the scenes to keep businesses running. They are the professionals that ensure that all of an organization's departments, divisions and subsidiaries have adequate cash flow. The treasury professional makes sure that the organizations banking relationships are managed and that the company is receiving the proper exchange rate on foreign currency transactions. They are essential in every large business and organization.
Job Duties
Treasury analysts perform a wide variety pf functions depending on the type of company that they work for. Larger corporations have more complex treasury issues than the small companies do. They manage the risk associated with a companies foreign exchange transactions, wire transfers and solvency related transactions. They ensure that proper financial controls are being followed. They maintain relationships with all of their organization's leading banks, financial institutions and trading organizations. They develop and maintain hedging programs and policies to manage the exposure and risk of investing. They monitor and maintain cash accounts for operating units.
Requirements
Treasury analyst's careers require a bachelor's degree in finance, economics or accounting. This provides the candidate with the necessary financial foundation to handle the complex financial transactions. In addition to the college degree there are several certifications that a treasury professional should earn. A certified treasury professional will find it easier to land one of these jobs. They must have superb attention to detail and be meticulous in maintaining their records and documents.
Nature of the Work
Treasury analysts work in a professional setting. This is considered to be a white-collar career that requires business professional dress and demeanor. The hours are long and the work is technology intensive. Treasury professionals work on computers and are required to access many different kinds of software packages as well as online financial indexes. Treasury analysts spend a great deal of time on the phones and developing relationships with industry financial institutions.
Job Outlook
Accounting and finance careers have been popular over the last decade. These career fields have continued to expand. According to the Bureau of Labor Statistics, "Employment of financial managers over the 2008--18 decade is expected to grow by 8 percent, which is as fast as the average for all occupations. Regulatory changes and the expansion and globalization of finance and companies will increase the need for financial expertise and drive job growth."
Salary Data
The average annual salary for a treasury analyst is $75,000. According to Indeed.com, "Average Treasury Analyst salaries for job postings nationwide are 15 percent higher than average salaries for all job postings nationwide. Treasury analyst salaries differ greatly depending on the size of the company and the industry that the company is in. This salary data was provided by Indeed.com and is current as of 2009.
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