Treasury Jobs

Treasury jobs involve maintaining and improving the financial standing of an organization. The scope of treasury jobs increases as one climbs the corporate ladder. Basic functions of a treasurer include general financial management, while advanced tasks involve strategic decisions about fund allocation and risk management.

 

The duties and responsibilities of a treasurer can be broadly categorized into the following core elements:

 

Funding involves different techniques used for raising funds to finance a business, including capital market instruments. Setting an appropriate debt-equity ratio is an important component under this element. Other functions of a treasurer with respect to funding are:

·        Periodic refinancing of business operations through the capital market.

·        Negotiating the terms and conditions of a loan.

·        Requesting overdraft from the bankers.

·        Managing temporary cash deficits by acquiring a short term loan.

 

Liquidity management involves forecasting a company’s cash needs for managing various business operations and avoiding further debts. Liquidity management requires a thorough understanding of working capital and cash flow management. It involves the following tasks:

·        Setting up a centralized pool of funds for a company group, which allows divisions to borrow funds internally rather than approaching a bank.

·        Investing any surplus cash, to yield maximum returns.

·        Devising methods, in concert with the production staff, for reducing the gap between raw-materials procurement and finished goods transportation.

·        Devising a system for tracking late payers and setting up interest on them if necessary.

 

A vital function of a treasurer is preparing for the unexpected. This requires identifying possible eventualities and devising alternatives to survive the worst, with minimal disruption of normal business activities. Important treasurer jobs regarding risk management involve:

·        Hedge foreign exchange risks and interest rate fluctuations by investing strategically in financial markets.

·        Reviewing the company’s customers and debtors to identify potential defaulters.

·        Selecting appropriate insurance policies to cover potential losses.

·        Planning for sudden relocation of the business.

 

Treasury jobs are not restricted to corporations. Individuals can find such jobs in various clubs and state or national offices. Treasury jobs in clubs are a relatively easier option, which involves only the proper allocation and management of club-member funds. Jobs with state or national offices, however, involve dealing in huge amounts of funds and are therefore only offered to candidates with substantial experience in treasury jobs.