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What is a Treasury Analyst?
The treasury department controls a company’s banking and financing transactions: This makes it all the more important to have a specialist department – especially in multinational or globally active companies with sales in the hundreds of millions.
Because these companies usually interact with different banks and different group companies, hold a large number of accounts and trade in different currencies: You need experts who can oversee the financial relationships and ensure liquidity.
In smaller and nationally active companies, treasury experts are rarely available, or other employees from the finance department, such as accountants, also carry out the tasks. Exceptions are fast-growing companies, as they often operate with a great deal of capital.
If a company employs only one treasury expert, this is almost always a treasury manager who manages a very wide range of tasks. Treasury analysts work in companies in which the treasury area is so extensive that it can no longer be controlled and managed by one person alone. This is usually the case with (very) large corporations. In exceptional cases, however, this can also be relevant for internationally active medium-sized companies, such as the »hidden champions«.
Exciting entry-level position with an operational focus
Depending on whether the company has a turnover of 200 million or 10 billion euros and whether it is active in three countries or globally, the intensity and complexity of the tasks can vary greatly.
Compared to treasury managers, treasury analysts have less responsibility and usually less professional experience – they are also younger. Your tasks are more operational and less strategic. They also tend to stay in the background: they prepare analyses, prepare presentations, research and take notes.
The Treasury Analyst position is an exciting and varied entry-level position for graduates or career changers from other areas. Because treasury analysts learn a lot about how the capital markets work and the various facets of the capital markets. They also learn a lot about how a company works and how it is specifically positioned. All of a company’s money flows through treasury. Here it is analyzed and controlled. And the more international a company operates, the more cultures a treasury analyst comes into contact with.
Treasury and digitization
Digitization has changed the treasury analyst’s area of responsibility significantly. In the past, there were many manual and simple tasks for which the treasury analyst was responsible: Dealing over the phone, filing documents or files, downloading reports or other information, etc. It also used to be one of his tasks to deal with foreign exchange deals with banks to control in detail.
Today, many of these activities are carried out fully automatically using digital processes and systems. This is both a blessing and a curse for the job of a treasury analyst. On the one hand, the area of responsibility is upgraded by eliminating simpler tasks, which means that the job is more difficult and more demanding. On the other hand, of course, this also means a risk: Details are lost as a result of automation because no one is constantly watching them.
It is also to be expected that other tasks will be automated. This could reduce the need for treasury analysts or even eliminate the position in its current form.
The most important things in 5 seconds
- Education: University degree (business or economics) with a focus on economics, banking or finance or relevant training
- Starting salary: €45,000
- Top salary: €80,000
- Opportunities for advancement: Treasury Manager, Debit Manager, Credit Manager, Head of Treasury
What does a Treasury Analyst do?
- Analysis and implementation of transactions in the area of other financial management (e.g. leasing, subsidy programs and guarantees)
- Participation in the implementation of treasury management
- Payment transactions, authorization and connection to systems
- Support for ad hoc tasks
- Analysis and forecast of money and capital market developments with regard to interest rate and currency developments as well as economic factors
- Implementation of liquidity and capital structure management
- Preparation of the multi-year financial and balance sheet planning as well as the cash flow statement according to HGB and IFRS
- Creation of management reports on asset and liability portfolios, cash flows, etc.
How to become a Treasury Analyst
The Treasury Analyst position is an entry-level Treasury position. Applicants should be able to show good performance and initial professional experience in relevant subject areas and also have the following knowledge:
- University degree (business or economics) with a focus on economics, banking or finance or relevant training
- several years of professional experience in banking or finance
- In-depth knowledge of liquidity management, financial and balance sheet planning, cash flow statements and specific knowledge of financial mathematics
- In-depth knowledge of accounting according to HGB and IFRS
- Professional handling of the common relevant tools (e.g. SAP, Liquidity Planner, Reuters and Bloomberg, Treasury Management Systems)
- Solid knowledge of MS Office, especially Excel (VBA)
- good knowledge of German and English
What does a Treasury Analyst earn?
up to €80,000
The gross annual salary that treasury analysts earn ranges between € 45,000 and €80,000. Master’s graduates can demand a little more money than Bachelor’s graduates. In addition, relevant commercial training or practical experience through internships or part-time student work improves the salary prospects.
What do you expect from a Treasury Analyst?
Treasury analysts love dealing with numbers and have analytical skills. You work independently and have high expectations of your work. As part of a treasury team, you should have an open and team-oriented personality. In treasury, many tasks are processed system-based and digitally, so treasury analysts should also think process-oriented and have an understanding of IT-based processes. In order to develop well in treasury, treasury analysts also need communication and negotiation skills.
Opportunities for advancement as Treasury Analyst
The Treasury Analyst is more of an entry-level position in Treasury. From there, employees can develop from treasury manager to head of treasury. In addition, a further specialization as a debit or credit manager as well as a side step into other financial areas is possible.
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