Treasury Assistant

A treasury assistant is accountable for the management of the financial transactions of a business. The work they do is performed in an office environment in the traditional working times (Monday to Friday) however, some additional hours are possible. The requirements for education vary based on the company, however many employers require a bachelor's degree in a field like Accounting Finance, Business, or Accounting or the Master's degree. Further training or courses in accounting finance, business, or accounting could also be required.

A treasury assistant is responsible for many responsibilities, which include overseeing all financial transactions and cash flow for their business and monitoring the budget analysing profits and budgets and suggesting ways to improve financial conditions and overseeing the billing department, keeping track of the total amount of earnings and expenses and preparing regular financial reports; managing reconciliation of bank accounts; making sure that the accuracy is maintained and submitted bank statements and records; helping in customer-related financial transactions; creating daily reports on financial activities and preparing the financial reports that are consolidated.

This job calls for a person with many abilities. Treasury assistants must be able to ensure the confidentiality of the company at all times and be proficient in different banking operations and information and also managing the accounting documents. Computer skills that are proficient and familiarity with the relevant software, are essential. A Treasury Assistant should be a multi-tasker expert with excellent organizational skills and general mathematical skills.

As a Treasury Assistant with 0-3 years of experience in the United States, your main responsibilities include:

• Assisting in daily cash management activities, such as monitoring cash balances, preparing cash position reports, and coordinating fund transfers.
• Supporting the preparation and analysis of financial reports, including budgeting, forecasting, and variance analysis.
• Maintaining accurate and up-to-date records of financial transactions, including bank reconciliations and journal entries.
• Collaborating with cross-functional teams to gather necessary information for treasury operations, including banking relationships, cash forecasting, and risk management.

For a Treasury Assistant job role, the following qualifications are required:

• Proficiency in financial software systems and spreadsheets to accurately process and record financial transactions, including cash management, bank reconciliations, and cash forecasting.
• Strong attention to detail to ensure accurate and precise documentation of treasury operations, including monitoring and reporting on cash flow, preparing cash position reports, and updating financial statements.
• Knowledge of financial regulations and compliance requirements to ensure adherence to relevant laws and regulations, including currency exchange controls, tax regulations, and international banking guidelines.
• Excellent problem-solving skills to identify and resolve discrepancies or issues related to treasury operations, such as reconciling bank statements, investigating payment discrepancies, and managing risk exposure.

The Treasury Assistant role is crucial in supporting the treasury function and financial operations. For individuals with 0-3 years of experience in the United States, there are several alternative roles to consider within the finance industry. Here are following options worth exploring:

• Cash Management Analyst: A position focused on optimizing cash flow, managing banking relationships, and conducting financial analysis to improve cash management strategies.
• Accounts Receivable Coordinator: A role that involves monitoring and collecting payments from customers, resolving billing issues, and maintaining accurate records of accounts receivable.
• Financial Operations Associate: A position that supports various financial activities, such as budgeting, forecasting, cost allocation, and financial reporting.
• Risk Analyst: A role centered around assessing and mitigating financial risks, conducting risk analysis, and providing recommendations to enhance risk management strategies.

According to recent data from Google, the treasury assistant job role in the United States is projected to experience a steady growth in the market. Over the past 10 years, the job role has shown consistent demand and a positive outlook for the future. With the increasing complexity of financial operations and the need for efficient treasury management, employment opportunities for treasury assistants are expected to rise. The market analysis suggests that there will be ample job openings and a growing demand for skilled professionals in this field, making it a promising career path for those interested in finance and treasury operations.