Treasury is an integral unit in finance that determines the overall success and financial health of every organisation regardless of its size. It involves money management and financial risks in a business. The top priority of treasury is to ensure that the business has the money required to manage daily obligations as well as develop a long-term financial strategy and policies. If you are looking for treasury recruitment specialists then please check out The Treasury Recruitment Company.
Where Do Treasury Professionals Work?
Treasury provides a diverse career in finance with immense opportunities. You can work anywhere in the world and for any type of business, whether large globally renowned organisations, start-ups, not-for-profit organisations, government and medium-sized enterprises. The treasury function differs depending on the nature and size of the organisation. Keep in mind that treasury activities will proceed in any organisation whether or not there is a treasurer or treasury department in place.
1. Large Businesses
Multi-national businesses and large corporations often have a team of treasury experts in various regions and countries. They operate as part of their finance division.
2. Small Businesses
In start-ups and small businesses, treasury is never a standalone function/role. Rather, the finance team handles various treasury activities as part of their responsibilities. Senior management may also know some treasury activities and they know when to ask for expert advice. For instance, if the management is looking to raise more money to grow the business, they get advice from a treasury professional.
What Do Treasury Professionals Do?
As a treasury advisor, your role is a trusted advisor to the management and overall business on any financial matters. Your role involves looking for ways and planning to improve the business value and drive success. The decisions you make always have a direct impact on profits and performance. You are responsible for managing the financial risks and managing money in a business. First, you need to make sure that the business has enough capital to manage the day-to-day obligations as you develop a long-term financial strategy and policies.
Your main focus will be on how and where to put money as you manage the associated risks to meet the bottom line of adding value and increasing business success. Remember, every business takes risks. As a treasurer, your role is to identify, manage and assess these risks to support the business objectives. You will also identify and create new opportunities that will benefit the business accordingly.
Treasury In Action – Examples
If your organisation is looking to expand into a new region that will bring out more significant revenue and create a competitive advantage. As a treasurer, your role involves assessing the risk, weighing the pros and cons to determine if it’s the right move for the business. If it’s the right move, your next step involves developing and implementing a financial strategy to support business expansion.
Various economic factors such as increases in interest rates, volatile foreign exchange rates and changes in regulations may have a huge impact on business. You need to monitor and assess the market conditions and identify how the external factors will impact the business. You should have some strategies in place that effectively mitigate any potential financial issues to the business.
What Career Opportunities Are There For Treasury Professionals?
Currently, the recruitment process in the treasury niche is highly positive. Over the last few years, there has been a noted increase in recruitment in the treasury niche at all levels. Numerous opportunities are available for graduates and more businesses are looking to recruit people directly from university for these entry-level jobs.