Key Takeaways
- A treasury analyst manages an organisation's money and financial risks.
- Key tasks include cash forecasting, managing bank accounts, and handling foreign exchange (FX).
- You should look for candidates with strong skills in Treasury Management Systems (TMS).
- This role is important for maintaining liquidity and financial stability in Australian businesses.
Introduction to the Treasury Analyst Role
You need a clear treasury analyst job description to find the best talent for your finance team. In the Australian market, this role focuses on managing cash flow and financial risks. Righteo provides this guide to help you understand what makes a great candidate.
A treasury analyst looks after the daily cash needs of a business. They make sure there is enough money to pay bills while also looking for ways to make the most of spare funds. When you hire for this position, you are looking for someone who is good with numbers and very organised. They must understand how money moves within a large company.
What Does a Treasury Analyst Do?
When people ask, what does a treasury analyst do, the answer usually involves risk and liquidity. You can think of them as the person who keeps the financial engine running. They monitor how much money is coming in and going out every day.
In Australia, this often means dealing with different currencies and interest rates. Your treasury analyst will look at financial data to predict future cash needs. They also help the company avoid losing money due to changes in currency values. This role helps the business stay safe from financial shocks.
Core Treasury Analyst Duties
The treasury analyst duties involve many daily and weekly tasks. These tasks keep the company's finances stable. You should expect a candidate to perform the following:
- Monitor daily cash balances in all bank accounts.
- Move money between accounts to cover daily spending.
- Prepare daily and weekly reports on the company's cash position.
- Process electronic fund transfers and wire payments.
- Keep records of all bank fees and look for ways to reduce them.
- Assist with the month-end closing process for the finance department.
These duties require a high level of accuracy. A small mistake in cash reporting can lead to big problems for the business.
Primary Treasury Analyst Responsibilities
While duties are daily tasks, treasury analyst responsibilities focus on the bigger picture. These are the long-term goals of the role. When you write your job post, include these points:
- Liquidity Management: You must make sure the company has enough cash to meet its obligations. This involves creating long-term cash flow forecasts.
- Foreign Exchange (FX) Management: Many Australian companies trade with other countries. The analyst manages FX exposure to protect the company from currency price drops.
- Banking Relationships: The analyst acts as the main contact for banks. They open and close accounts and manage bank signatures.
- Risk Assessment: They identify financial risks, such as changes in interest rates, and suggest ways to lower those risks.
- Compliance: They make sure all financial activities follow Australian laws and company policies.
If you are building a larger team, you might also need a Finance Manager Job Description to see how these roles work together. A manager will often oversee the work of the analyst.
Cash Management Analyst Job Description vs. Treasury Analyst
You might see a cash management analyst job description and wonder how it differs from a treasury role. In many cases, these titles are used for the same job. However, there are some small differences you should know.
- Cash Management Analyst: This role focuses mostly on the daily movement of money. They handle bank statements, reconciliations, and short-term cash needs.
- Treasury Analyst: This role is often broader. It includes everything in cash management plus FX trading, debt management, and financial risk planning.
If your company is large or does business overseas, you should use the treasury analyst title. This attracts candidates with a wider set of skills.
Treasury Analyst Job Description Template
You can use this job description template to create your own job advertisement. It is designed for the Australian market.
Job Title: Treasury Analyst Location: Australia (Remote/Office-based) Reports To: Treasury Manager or Finance Manager
Job Summary: You will manage the daily treasury operations for our organisation. This includes cash positioning, liquidity forecasting, and managing financial risks. You will also use our Treasury Management System (TMS) to maintain accurate records.
Key Duties:
- Determine the daily cash position for all Australian and international entities.
- Execute FX trades to manage currency exposure.
- Build and maintain 13-week liquidity forecasting models.
- Manage banking relationships and oversee bank account administration.
- Operate and update the Treasury Management System (TMS) daily.
- Prepare reports for senior management on financial risks and cash holdings.
Requirements:
- Bachelor’s degree in Finance, Accounting, or Economics.
- Previous experience in a corporate treasury or banking environment.
- Strong understanding of Australian banking systems and GST rules.
- Proficiency in Excel and TMS software.
- High attention to detail and strong analytical skills.
Skills for Success in Treasury
To do well in this role, a candidate needs more than just a degree. You should look for these specific skills:
- Mathematical Ability: They must be comfortable with complex calculations.
- Problem Solving: They need to find ways to move money efficiently across borders.
- Communication: They must explain financial risks to people who are not finance experts.
- Software Knowledge: Experience with systems like SAP, Oracle, or specific TMS platforms is very helpful.
- Ethics: Because they handle large sums of money, they must have a high level of integrity.
Frequently Asked Questions
What qualifications does a treasury analyst need in Australia?
Most employers look for a degree in finance or accounting. Many also prefer candidates who are working toward a CPA or CA qualification. Some might also hold a certificate from the Australian Treasury Management Association.
What is a typical salary for a treasury analyst?
In Australia, the salary can vary based on experience and location. Junior roles might start at a lower range, while senior analysts in cities like Sydney or Melbourne can earn more. You should check current market rates to stay competitive.
Is a treasury analyst a good career path?
Yes, it is a very stable career. It can lead to roles like Treasury Manager, Assistant Treasurer, or even Chief Financial Officer (CFO). It provides a deep understanding of how a company manages its wealth.
How does a treasury analyst use a TMS?
A Treasury Management System (TMS) helps the analyst automate tasks. They use it to track bank balances, manage trades, and create reports. It makes the job faster and reduces the chance of human error.
Conclusion
Writing a good treasury analyst job description is the first step to finding a great hire. You need someone who can handle daily cash tasks while also planning for the future. By focusing on duties like cash positioning and FX management, you will attract the right professionals.
Righteo is here to help you build your finance team. Use the details in this guide to create a clear and professional job post. This will help you find a candidate who can protect your company's financial health and help it grow in the Australian market.