Main Responsibilities and Required Skills for Treasury Manager

A Treasury Manager is responsible for developing, monitoring, and upgrading Treasury budget. They oversee the company's cash and investment policy and review all cash management transactions. In this blog post we describe the primary responsibilities and the most in-demand hard and soft skills for Treasury Managers.

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Main Responsibilities of Treasury Manager

The following list describes the typical responsibilities of a Treasury Manager:

Administer

Administer the global insurance program.

Advise

Advise internal stakeholders and senior management on financial risks of the Group.

Analyze

Analyze and investigate cash flow trends, exceptions, and variances to prior forecast.
Analyze banking and financial service proposals and make recommendations.
Analyze credit facility and ensure structure, sizing, and terms meet the needs of the Firm.
Analyze the Firm's insurance structure and make recommendations to management.

Assist in

Assist in developing effective intercompany financing structures.
Assist other areas of the business with pricing decisions.
Assist the REIT to obtain credit rating.
Assist the Treasurer in other ad hoc treasury files.
Assist with credit facility negotiations.
Assist with preparation of monthly reports.
Assist with preparing FBAR reporting & Bank KYC requests.
Assist with the management of intercompany relationships and settlements.
Assist with the planning and execution of internal dividends.

Assure

Assure accuracy of all items and issues managed, controlled, and accounted for Skills.

Balance

Balance information needs with last minute changes or requests.

Build

Build complex financial models.

Calculate

Calculate cash insurance to ensure protection of company cash.

Check

Check credit evidences are ready for supporting control point.

Collaborate with

Collaborate with global treasury team and other departments, including Tax, Legal, and Accounting.

Communicate

Communicate any policy or process changes within Regional Treasury teams and business units.

Conduct

Conduct cost / benefit analysis of program alternatives.
Conduct various annual insurance renewals.

Contribute to

Contribute to implementation effort of company's strategic projects from treasury's stand point.

Coordinate

Coordinate letter of credit issuance.
Coordinate the conclusion of the required legal agreements.
Coordinate with foreign exchange manager to support intercompany funding requirements.
Coordinate with other teams on government grants.
Coordinate with tax advisors on tax compliances for international expansions.

Create

Create strong relationships with key stakeholders inside and external to Peloton.
Create systems, process and best practice within the area of tax and treasury.

Define

Define and track critical success metrics.

Design

Design and implement hedging strategies based on financial markets developments and research data.

Determine

Determine company's cash position and assists with cash forecasting.
Determine effective FX strategies around cash pooling and managing currency balances efficiently.

Develop

Develop and implement Treasury policies, procedures, and controls.
Develop and lead initiatives to capture them.
Develop and maintain an efficient, centralized cash management process.
Develop and maintain relationships with brokers and carriers.
Develop and manages strategies, operations, policies and budgets relating to treasury activities.
Develop business plans and financial models for customer financing programs.
Develop company policies, processes, procedures and internal controls relating to AP, AR & Treasury.
Develop, interprets and presents free cash flow analyses at the enterprise and company level.
Develop, monitor and report core KPIs.
Develop, monitor and report on KPIs to measure the effectiveness of our insurance framework.
Develop, monitor and upgrade Treasury department budget.
Develop performance reports and provides suggestions.
Develop system-based processes to automate claims management and tracking.

Document

Document and update frameworks and strategy documentation for all new and existing strategies.

Drive

Drive the development and management of our financial modelling and forecasting.

Elicit

Elicit and analyze proposals for banking and financing services.

Ensure

Ensure AP and treasury operations comply with statutory requirements.
Ensure bank compliance in all jurisdiction (KYC, UBO, etc).
Ensure compliance with all SOX controls and regulatory requirements, including FBAR.
Ensure effective financial risk monitoring and reporting.
Ensure excess cash is invested wisely in order maximize return on investment.
Ensure proper controls are in place and operating for day-to-day activities.
Ensure proper segregation of duties in accordance with policies and procedures.
Ensure salary, tax, utilities, and manual payment happens on time.
Ensure SOX and policy compliance.
Ensure that all monthly and quarterly requirements are met timely and accurately.
Ensure that sufficient funds are available at all times to meet the Firm's payment obligations.
Ensure that Treasury controls and governance are appropriate and adhered to.
Ensure the strict execution of control procedure.
Ensure to check outsourcing as well as electronic payments.

Enterprise

Enterprise Treasury Operations and Capital Structure.

Establish

Establish, communicate, and implement departmental missions and strategies.

Execute

Execute daily concentration of cash and borrowing.
Execute strategies in a timely and efficient manner.
Execute wire transfers and other funding necessary to balance company's daily cash position.

Follow up

Follow up with the bank issue to document bank issue and provide service review.

Help

Help the Account Manager sell specialized products by fostering the growth of profitable businesses.

Identify

Identify functional areas and procedures for proposed improvements.
Identify key opportunities and challenges and collaborate with the business to address them.
Identify process improvements to automate functions and increase internal controls.
Identify Treasury management solution for FX program.

Implement

Implement new bank technologies, products and services to improve cash cycle, as needed.

Improve

Improve and develop the cash management process across the global organization.

Inform

Inform the Account Managers and other team members of new specialized products.

Initiate

Initiate, review, and reconcile ACH, wires, and F / X funds transfers.

Interact with

Interact with financial institutions and other external financial partners.

Interface with

Interface with bank about bank service fee realization and cost reduction.
Interface with other finance leaders regularly to keep abreast of strategic goals.

Invest

Invest surplus funds in accordance with policy.

Lead

Lead all aspects of treasury's systems improvements and technology integrations.
Lead claim management for any potential claims.
Lead project or functional team(s) in areas of expertise.
Lead team of two direct reports.
Lead the annual insurance renewal for all programs, as well as broker relationships and interactions.

Maintain

Maintain account balances.
Maintain adequate internal control over treasury activities.
Maintain and improve the global Treasury Management System.
Maintain banking relationships.
Maintain banking relationships with the various banks utilized by clients.
Maintain correct estimate of cash / CP balances.

Manage

Manage all aspects of the treasury function.
Manage all bank accounts, online banking users, signing authorities, and banking resolutions.
Manage and administer cash management systems to optimize efficiencies.
Manage and develop a high performing finance team.
Manage and monitor processes for corporate credit cards and bank account access / authorization.
Manage bank platforms, including administration, opening and closing bank accounts.
Manage compliance with effective internal controls, policies, and procedures.
Manage daily cash process globally.
Manage daily operational cash requirements.
Manage foreign currency hedging program and FX risk (balance sheet hedging).
Manage FX program and make recommendations to management.
Manage intercompany funding requirements and process.
Manage investment of excess cash in accordance with the company's Investment Policy.
Manage letters of credit and bank guarantees.
Manage liquidity risk – keep accounts sufficiently funded for daily operations (operational cash).
Manage relationships with internal and external financial partners.
Manage tax issues of parent and group companies.
Manage the Firm's domestic and international bank account structure.
Manage the periodic debt compliance requirements.
Manage the relationships with the Company's banks.
Manage the weekly cash flow forecast to parent company.
Manage treasury efficiency projects and cash strategies.

Monitor

Monitor and communicate forward interest rates and foreign exchange rates.
Monitor and control all report to ensure report is provided on time.
Monitor and ensure compliance with bank credit facility agreement covenants.
Monitor and manage the bank relationships, on-line banking and bank mandates.
Monitor cash and investments to ensure compliance with investment policy.
Monitor foreign currency exposures and execute hedging strategy.
Monitor and hedge cash flows, balance sheet and net investment foreign currency exposures.
Monitor internal and external loan payments, interest payment schedules and debt covenant compliance.
Monitor vendor and other payment as per scheduled to ensure payment schedule happens on time.

Oversee

Oversee and produce the full suite of Treasury and ALCO MI.
Oversee all back office support for in-house banking, netting and pooling of enterprise liquidity.
Oversee confirmation and settlement of all derivative transactions.
Oversee the Firm's bank credit facility and support renewals.
Oversee the Firm's cash and investment policy.

Own

Own and actively manage other treasury projects as needed.
Own and manage a complex treasury of different assets (both fiat and cryptocurrency).

Participate in

Participate in various treasury projects as necessary, including writing and updating policies.

Perform

Perform daily bank account reconciliation.
Perform database management in treasury workstation.
Perform market analyses, evaluate trends, and develop ideas for changes to the payment platform.
Perform other related duties as required.

Prepare

Prepare and analyzes unit plans and reports.
Prepare and review Cash pooling Danone Indonesia Reporting to conduct analysis of benefit pooling.
Prepare bank account opening in accordance with business needs and ensure readiness of SAP system.
Prepare bank report for Danone to report activity and bank performance regularly.
Prepare cash flow forecasts and identify any potential borrowing requirements.
Prepare forecasts and other ad hoc analyses of cash positions and foreign exchange activities.
Prepare Interest indication report to provide information of interest time deposit and giro services.
Prepare long-range cash flows forecast and analyze in terms of the Company's strategic plan.
Prepare monthly and quarterly reporting.
Prepare monthly management reports.
Prepare OFCF estimation to ensure achievement of target OFCF.
Prepare reconciliation TR vs AR2 to identify variance between TR and AR2.
Prepare regulatory and compliance reports related to liquidity.
Prepare the analysis for NY project.
Prepare the annual FBAR report.
Prepare the monthly short term and long-term cash forecasts and reconcile variances.

Present

Present monthly cash along with accounting reports to Accounting personnel.

Process

Process miscellaneous deposit items for corporate bank accounts.

Promote

Promote optimal cashflow positioning through forecasting, short-term investments and loans.

Propose

Propose, monitor and execution of hedging strategies (interest rates and FX).

Provide

Provide data for monthly cash bridge for cash management activity.
Provide everyday cash position, estimate and analysis.
Provide guidance to junior treasury staff.
Provide oversight of cash and bank account management in a complex group structure.
Provide support on internal and external audit requests.

Recommend

Recommend and implement process improvements.

Reconcile

Reconcile all cash and investment accounts and resolves discrepancies.

Research

Research and recommend appropriate capital structure and cost of capital.
Research and recommend the pricing on equity funding and banker fees.

Resolve

Resolve cash issues in a timely manner.

Review

Review all cash management transactions.
Review and recommend improvements to treasury processes and procedures.
Review bank documentation to ensure bank documentation is done correctly and appropriately.
Review Cash Advance Reporting to monitor aging employee cash advance.
Review CF Movement Report to monitor bank cash flow.
Review correspondent letter with bank to ensure response is in accordance with company objectives.
Review FX exposure and implement programs to reduce volatility as needed.
Review Hedging Report to ensure report is prepared accurately.
Review income and bank charges to ensure correctness of income and bank charges.
Review maximum cash in location to minimize risks.
Review monthly interest income / expense and accruals, including journal entries and accruals.
Review of bank account status (Treasury & SAP).
Review rebate policy and procedure and monitor the execution.
Review service cash pick up to monitor operational cash pick up service.
Review Summary Balance Report to support BPA report.
Review to the effectiveness of location dropping to conduct analysis of location dropping request.

Scale-up

Scale-up business with large investment.

Set

Set of in-house bank and / or pooling capabilities.

Set up

Set up core banking infrastructure to support the Novi's digital wallet operations.

Stay on the lookout

Stay on the lookout for what is happening on the markets in this area.

Streamline

Streamline and enhance the process among the boutiques, the bank and PSP.

Supervise

Supervise and manage all international cash balances efficiently.
Supervise maintenance and update signatories on every global bank account.

Support

Support business processes optimization and business partnering.
Support department strategy and projects, including TMS implementation.
Support distribution channel develop and mean time insure credit risk is in lowest lever.
Support period end processes where necessary.
Support the global bank account structure to maximize interest income.
Support the sales process for major opportunities.
Support the Treasury work.
Support to manage short-term investment balances along with interest recording.

Track

Track record of being accountable and responsible for getting things done.

Update

Update SOP for achieving internal control requirement and operation efficiency.

Work with

Work closely with the Financial Controller and the accounting team to complete month-end close.
Work with cross-functional teams on projects and implement changes that serve a common Firm purpose.
Work with insurance adjusters on property related insurance claims.
Work with stakeholders and advisors to assess strategic, market, and financial risks.
Work with Treasury team to manage foreign exchange, including hedging strategy implementation.
Work with US counterparts, legal counsel and bankers to secure financing for acquisitions.

Most In-demand Hard Skills

The following list describes the most required technical skills of a Treasury Manager:

Most In-demand Soft Skills

The following list describes the most required soft skills of a Treasury Manager:

Written and oral communication skills
Analytical ability
Attention to detail
Interpersonal skills
Organizational capacity
Problem-solving attitude
Work independently with little direction
Multi-task
Creative
Leadership
Accurate
Business acumen
Critical thinker
Integrity
Management
Team player