Main Responsibilities and Required Skills for Treasury Analyst
A Treasury Analyst is responsible for handling core day-to-day treasury activities such as preparig forecasts, budgets and reports for bank fees. They ensure compliance with treasury management policies and procedures. In this blog post we describe the primary responsibilities and the most in-demand hard and soft skills for Treasury Analysts.
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Main Responsibilities of Treasury Analyst
The following list describes the typical responsibilities of a Treasury Analyst:
Adhere to
Adhere to internal controls for banking transactions.
Administer
Administer bank confirmation process for year-end audits.
Administer online banking access and maintain user permissions.
Administer online banking and corporate purchasing card program for users.
Analyze
Analyze and report cross currency intracompany balances weekly, and calculate cash transfers.
Analyze and strategize alternative funding tools.
Analyze bank fees, recommend cost savings, maintain bank accounts.
Analyze daily cash flows to ensure disbursement efficiencies.
Analyze global cash balances and drive cash recommendations to Treasurer.
Analyze profitability on products.
Approve
Approve wire payments / templates, transmit ACH / EFT files.
Assess
Assess banking technology and leverages where appropriate to assist in cash flow forecasting.
Assist in / Assist with
Assist and provide back-up for core day-to-day treasury activities.
Assist in foreign currency exposure and trade settlements.
Assist in the completion of special projects and / or adhoc projects, as required.
Assist in the management of working capital (payables and receivables).
Assist in the monthly and annual close processes.
Assist in the oversight of the Funds' annual PFIC reporting with the Fidelity Tax team.
Assist in the preparation of the monthly ALCO reporting package.
Assist with ad-hoc FX analysis and requests for sales executives.
Assist with ad hoc projects and requests as required.
Assist with audit requests.
Assist with evaluation, recommendation and implementation of FX strategies.
Assist with regular external bank reporting including.
Assist with the preparation of documentation for meetings.
Assist with year-end audits, collaborate and cross-train with other team members.
Audit
Audit insurance premium payments and control all invoicing / billing from insurers and brokers.
Capture
Capture daily FX maturities from Quantum and communicate with counter parties to confirm settlements.
Clear out
Clear out display name session data.
Communicate
Communicate (both written and verbal) effectively with internal and external business partners.
Communicate effectively with co-workers, banks and business units.
Compile
Compile missing data to upload into liquidity systems for balance sheet completeness.
Compile detailed reports for senior management.
Conduct
Conduct testing in SAP and banking system for account implementations.
Contribute to
Contribute to embedding and maintaining a robust controls framework in the Middle Office.
Contribute to team effort by accomplishing related results as needed.
Coordinate
Coordinate and prepare cash flow forecasts and financial statement models.
Coordinate and Respond to ad-hoc client and vendor requests for certificates.
Coordinate bank service functionality, configuration, and accounts documents.
Coordinate inspections for the lender or insurance-related inspections.
Coordinate intercompany settlements.
Create
Create, analyze and / or present reports.
Create a positive team member experience.
Create FX reporting package and coordinate with accounting on FX results.
Create materials to communicate strategic priorities and findings to senior management.
Develop
Develop analysis and presentations for senior leadership and rating agencies.
Download
Download bank reports including balance, transactions, incoming wire notifications.
Download bank statements daily.
Economize
Economize funding using FX Swap and other tools as required.
Enable
Enable technologies to improve the collection and reporting of treasury information.
Ensure
Ensure adequate IC funding requirements based on cash forecast, including netting.
Ensure adherence to all Treasury's SOX internal controls.
Ensure compliance with treasury management policies and procedures.
Ensure coverage for activities.
Ensure internal control environment is operating effectively.
Ensure risk-related information flows in a timely and accurate manner.
Ensure settlement of global management fees across all business units.
Ensure timely and accurate MiFID and EMIR regulatory reporting.
Ensure timely completion of banks' KYC requirements.
Establish
Establish and build collaborative relationships with internal and external business partners.
Evaluate
Evaluate FX exposures and monitor exchange rates regularly.
Evaluate new banking products and services.
Execute
Execute FX trades with financial institutions for liquidity management.
Execute hedging strategy in line with accounting standards.
Execute other ad hoc duties as assigned.
Execute Trade Finance Operations.
Exemplifies
Exemplifies the right motivation by aspiring to achieve collective goals.
Ensure
Ensure proper placement of funds to achieve optimal interest earned.
Forecast
Forecast cash and resolve any discrepancies on a daily basis.
Generate
Generate routine reports, including performance (opportunity cost) , cash movement reports.
Generate wire transfers and bank loan letters.
Help
Help business leaders solve complex business challenges.
Help design and build reports and train global stakeholders.
Identify
Identify and present trends and opportunities to support management decisions.
Implement
Implement decisions, as assigned, in a timely and efficient manner.
Initiate
Initiate borrowings, repayments, and interest and commitment fee payments.
Invest
Invest surplus cash by understanding company risk parameters.
Issue
Issue property management and development fee invoices to relevant parties.
Lead
Lead company's FX exposure comprised primarily of balance sheet hedging.
Lead process improvement and be results-driven.
Liaise with
Liaise with the internal and external auditors and responds to requests for information and reports.
Maintain
Maintain all collections-related schedules for forecasting.
Maintain and improve consolidated financial projection models for presentation to senior management.
Maintain and uploads positive pay transmissions.
Maintain complete and accurate records.
Maintain compliance with SOX and internal policies.
Maintain debt model to support cash management, cash forecasting and financial analysis.
Maintain External Bank and Internal relationships.
Maintain good access to capital markets.
Maintain professional and technical knowledge by attending educational workshops.
Maintain relationships with primary lenders.
Manage
Manage all incoming mail and assign to the appropriate team member or group.
Manage and report on effectiveness of foreign currency hedging programs.
Manage collateral pledged for futures / options business.
Manage compliance efforts with all internal controls and policies.
Manage corporate card programs to maximize rebates.
Manage corporate credit card programs.
Manage deposit adjustments, petty cash reconciliation, and process remote deposits as needed.
Manage full capex draw cycle for fund reimbursement.
Manage FX and derivatives (files preparation and spots).
Manage intercompany activity and reporting.
Manage internal wire request tool access and field updates on Salesforce.
Manage lender / Servicer relations for 60+ properties.
Manage the structure of bank accounts, including opening accounts and tracking signing authorities.
Monitor
Monitor account balances and initiating a funding request.
Monitor and analyze banking fees.
Monitor and manage compliance and reporting requirements of the financing agreement.
Monitor and manage the bank relationships, on-line banking and bank mandates.
Monitor international bank accounts and track transactions.
Monitor the credit quality of internally-managed investments.
Monitor Treasury email regarding M&A and respond to inquiries in a timely manner.
Offer
Offer to selected candidate will be made contingent on the results of applicable background checks.
Open
Open new bank accounts as and when required by management.
Operate
Operate independently with moderate supervision and challenging time constraints.
Participate in
Participate in monitoring and managing of the captive investments portfolio.
Participate in other ad hoc reporting and Treasury process improvement projects as required.
Participate in projects under manager direction.
Participate in special projects and ad hoc analysis.
Participate in the periodic review of relationship bank performance.
Participate in treasury automation and dematerialization projects.
Participate to cross-functional projects and support integration projects.
Participate to maintaining strong internal controls and compliance.
Perform
Perform daily rate scans of competitive landscape.
Perform Daily Trade Reconciliations (MM, FX, Bonds and Derivatives).
Perform debt covenant compliance calculations and reporting.
Perform detailed cashflow forecasting and weekly reporting.
Perform dividend payments, interest payments, intercompany loan payments, etc..
Perform functions in accordance with established policies and procedures.
Perform FX related SOX and internal controls.
Perform other ancillary treasury related tasks as necessary.
Perform other duties as assigned.
Perform Trade Key Control Checks (Limits Monitoring, Settlement, Deal Confirmations etc.).
Perform user security administrator activities for bank portal and other treasury related systems.
Perform variance, reconciliation, and forecasting analysis of key financial data.
Place
Place foreign currency trades.
Prepare
Prepare ACH listings weekly for reconciliation purposes used by the Duty & Audit team.
Prepare ad-hoc reports and analysis, when requested.
Prepare ad-hoc reports as requested.
Prepare analysis and reports on treasury management and cash flow projections.
Prepare and analyze various treasury dashboards.
Prepare and coordinate documents for Letters of Credit issuances.
Prepare and send void cheque file to the bank.
Prepare bank guarantees for tenders and update the file regularly.
Prepare Canadian and US installment calculations and coordinate payments.
Prepare cash flow projections by collecting, analyzing, and summarizing data and trends.
Prepare change of ownership documentation.
Prepare daily cash forecast and create consolidated reports for management.
Prepare daily cash position and ensure adequate liquidity.
Prepare daily cash position report, including daily receipts and disbursements reporting.
Prepare Daily Cash reports.
Prepare derivative and investment day-to-day and month-end journal entries.
Prepare forecasts, budgets and reports for bank fees and credit card fees.
Prepare income projections as directed.
Prepare, monitor and analyze the compliance reporting for our primary lender.
Prepare monthly outstanding AR and cash reconciliation reports for clinics.
Prepare monthly / quarterly HST returns and ensure tax compliance.
Prepare plans of action for investment, using financial analyses.
Prepare quarterly mark-to-market calculations (foreign exchange currency and interest rate).
Prepare reports that support the decision making of Treasury staff and / or Bank Senior Management.
Prepare return calculations based on client specified timeframes and instructions.
Prepare the daily collection reports used for daily cash position.
Prepare the debt amortization schedules and reconciles information with Tax.
Prepare yearly 12 months cash flow forecast and FX exposure and define financing lines.
Produce
Produce Daily Management Information for the Senior Management Team.
Provide
Provide ad hoc reporting to finance.
Provide analytical and technical support to treasury-related activities.
Provide back-up support and coverage.
Provide forecast related to FX impact on financial statements and perform monthly variance analysis.
Provide internal and external auditors with required treasury information to support audit work.
Provide strong customer service to internal / external customers.
Provide support and training for all relevant projects and systems as needed.
Provide support to quarterly FCF assessment as well as Qend specific reporting.
Provide technical and other support for mergers and acquisitions and other projects as needed.
Receipt
Receipt bookings in Treasury System, including liaising with Accounting and Finance departments.
Reconcile
Reconcile treasury management system on a daily basis and determine proper coding.
Research
Research basic questions and issues.
Respond to
Respond to internal inquiries related to banking transactions.
Respond to Treasury related information requests and liaise with internal & external clients.
Review
Review account analysis and resolve any fee discrepancies.
Review / analyze feedback from private funds / investments and make adjusting entries into system.
Review and approve proposed payments.
Review and comply with Firm Policies applicable to your business activities.
Review and develop procedures and processes.
Review and post journal entries.
Review market data to assess the impact on the Group's portfolio and resultant financial risks.
Review new loan ACH setups and changes to existing ACH setups in servicing system.
Support
Support and execute ad-hoc requests or inquiries from senior management or other business groups.
Support FBO liquidity reporting requirements.
Support financing negotiation with external parties.
Support for consolidated and regional cash forecasting.
Support legal team and international accounting teams on dissolution of M&A entities.
Support of ad hoc treasury requests.
Support quarterly and year-end financial reporting, including financial disclosures and footnotes.
Support regulatory filings and horizontal liquidity review.
Support special projects and strategic direction of Treasury function.
Support Supervisor in ensuring client issues are highlighted and escalated when necessary.
Support the AVP, Cash Management Operations (NA) on any other initiatives as they arise.
Support the launch and implementation of the global TMS project.
Support the Treasury function in all its reporting function and liquidity risk management practices.
Support Treasury business process and technology initiatives.
Track
Track cash deposits, apply and post cash receipts, adjustments and / or transfers.
Track, organize and plan for incoming and outgoing cash requirements.
Use
Use logic and methods to solve problems and determine effective solutions.
Utilize
Utilize calendars and deliverable lists to ensure client and company expectations are met.
Validate
Validate and process ISDA Confirmations.
Work with
Work closely and build relationships throughout the organization.
Work effectively with cross-functional teams on process improvements.
Work on Ad hoc projects and reports as needed.
Work on various Treasury global projects, such as system implementation and system upgrades.
Work strategically with our key banking partners and vendors to optimize Treasury effectiveness.
Work with business unit leaders to analyze and determine variances and trends.
Work with external tax advisors to prepare the Canadian tax returns.
Work with Finance and LOB stakeholders to produce Sources / Uses and 12 month forecast.
Work with other teams for evaluation of different placement platforms.
Work with the broader Treasury team on capital markets and analytical projects.
Most In-demand Hard Skills
The following list describes the most required technical skills of a Treasury Analyst:
Treasury
Business
Financial Services
Corporate Treasury
CTP
Banking
SQL
VBA
Pc Skills
Quantitative Discipline
Quantitative Risk Management
Treasury Management System
Most In-demand Soft Skills
The following list describes the most required soft skills of a Treasury Analyst:
Written and oral communication skills
Analytical ability
Attention to detail
Organizational capacity
Interpersonal skills
Problem-solving attitude
Time-management
Detail-oriented
Self-motivated
Accurate
Team player
Multi-task
Grasp new concepts in fast-paced environment
Improve existing processes
Solve problems
Ability to manage multiple tasks
Works well independently
Critical thinker
Proactive
Work independently with little direction
Adaptable to changes
Flexible
Presentation
Priority management
Detail orientation
