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What is a Junior Treasurer?
The junior treasurer position is the entry-level position in the
treasury department. Junior Treasurers work in large, internationally
active corporations with sales of around half a billion or more. Here
they support a senior treasurer — in large corporations an entire team
of treasury specialists — in covering the company's capital
requirements, preparing liquidity planning and identifying and
In addition, Junior Treasurers help to cover cash management and keep
organizational areas (like managing bank accounts, powers of disposal or
EMIR requirements) up to date.
Basically, the rule of thumb applies: the smaller the company, the
more diverse the tasks that a junior treasurer takes on. In large
corporations - where the treasury can sometimes comprise ten or 20
employees - the junior treasurer will probably only work on a few or one
area of responsibility (e.g. liquidity planning). However, this gives
him a very detailed knowledge.
Junior Treasurers have a very exciting field of work. Because they
work together with various departments of a company and thus get to know
the company and its business as well as the business processes
well. Even if a lot of recurring work is part of your everyday work,
there are always ad hoc topics that bring new challenges and variety.
Three case studies for the work of the Junior Treasurer
Example 1: Purchasing reports: A supplier would like
to invoice in US dollars and would offer a better price for it. It is
the task of treasury to assess the currency risk and, if necessary, to
propose hedging strategies. In a holistic view, Treasury will then
provide an assessment from a financial point of view and coordinate the
further course of action with Purchasing.
Example 2: A new loan agreement has been negotiated
for the company. The implementation of the reporting requirements must
be documented and structured in order to deliver them on time in the
future. For this purpose, the junior treasurer creates an overview file
with the various requirements (what is to be delivered when and to
Example 3: The board of directors of the company is
dealing with a strategic acquisition or start-up at a new location. The
treasury provides support on questions relating to the banking
landscape, payment transactions, legal regulations (related to treasury
issues) in the respective country. The Junior Treasurer researches these
topics by gathering information from the Internet, from foreign agencies
and from banks.
Influence of digitization and low interest rates
Digitization has changed the area of responsibility of the junior
treasurer: in the past, for example, they had to manually manage or
request bank powers of attorney or extracts from the commercial
register. Account management and liquidity planning were also not fully
integrated into the system landscape at some companies, which made
manual work steps necessary. Many simpler tasks go faster through the
digital systems or are even done automatically by the systems. This has
upgraded the day-to-day work of the Junior Treasurer because he has
(more) time for other — more exciting — tasks.
Another development that affects the treasury area as a whole and
also the area of responsibility of the junior treasurer is the low
interest rate phase that has been going on since 2008. Since then, cash
pooling and many other things have become less important. When loans
become more expensive and the investment options more varied and
attractive, the tasks of the junior treasurer also become more varied
and demanding. For example, derivatives could then become interesting
again - and the derivative valuation required for this would be the task
of the junior treasurer.
The most important things in 5 seconds
- Education: Commercial training or business
- Starting salary: €40,000
- Top salary: €60,000
- Opportunities for advancement: Treasurer, Senior
Treasurer, Head of Treasurer
What does a Junior Treasurer do?
- Support in the implementation of the company's treasury strategy
(cash management, banking strategy including operational
implementation, financing, cash pooling, cash flow analysis,
interest rate and currency management)
- Management, planning and monitoring of liquidity
- Participation in the monthly, quarterly and annual financial
statements of the Treasury department
- Execution and monitoring of payment transactions (depending on
the company structure)
- Support with organizational design (bank details, account
concentration, bank clearing, electronic banking, maintenance of the
What does a Junior Treasurer do?
If applicants can show initial contact with the financial sector,
this position is also suitable for career starters immediately after
graduation. Previous training may have taken the form of bank training
or internships in treasury or related areas
( accounting, controlling ). A bank apprenticeship is particularly
helpful, as it conveys routine with certain formalities as well as the
idea of service when dealing with customers. Additional requirements
for Junior Treasurers are:
- Completed training or degree in economics, finance and
accounting, banking or similar.
- first professional experience in the financial sector
- If necessary, specialist training such as the Corporate
- solid knowledge of MS Office
- very good knowledge of German and English
What does a Junior Treasurer earn?
up to €60,000
Junior Treasurers earn a gross salary ranging from € 40,000 to €60,000 annually. The
exact salary depends above all on the size of the company, the industry
and the age or professional experience. Professional training courses
such as the Corporate Certified Treasurer improve the salary prospects,
but are increasingly expected by newcomers to the treasury area.
What do you expect from the Junior Treasurer?
Junior Treasurers are managed and report to a manager in
Treasury. Nevertheless, they are personalities who recognize upcoming
work and act independently within their work area. You are
conscientious, reliable and resilient. Junior Treasurers must be
interested and willing to continue their education and follow current
developments. You are a team player and open - above all, an interested
approach to other cultures is important for completing the tasks.
Opportunities for advancement as Junior Treasurer
The classic path leads from the junior treasurer to the treasurer to
the senior treasurer or to the head of treasury of a large international
group. This also involves leading a team of treasury specialists.
In addition, junior treasurers can also develop into heads of
finance. Since they gain insight into a great many topics and usually
build up a good network within a company, they can take side steps into
other financial areas such as controlling or accounting.
The job market for junior treasurers is currently good and will
probably remain so in the years to come: Since the field of treasury is
not yet firmly anchored in the curriculum at universities and technical
colleges, young applicants often do not know exactly what to expect in
this area of the company. As a result, there are still fewer young
people than the treasury experts that are needed — good specialists are
correspondingly rare and in demand.