What is a Treasury Analyst?

A treasury analyst career is ideal for finance majors who are seeking an in-demand job after graduation. Treasury analysts are responsible for handling an organization’s banking transactions in order to manage its cash flow. These professionals must ensure that all financial payments made from and to the company are properly processed. Since the U.S. economy is beginning to stabilize, companies are beginning to see increased revenue on their ledgers, and treasury analysts will always be in demand to make sure that companies are paying accurate taxes and crediting certain profits to the appropriate accounts. Businesses rely on treasury analysts to follow the most up-to-date financial regulatory reforms put into place by the government. According to the Bureau of Labor Statistics (BLS), employment of treasury analysts will increase 12 percent through 2024, faster than average for all occupations.

What Are the Job Duties of Treasury Analysts?

Treasury analysts are responsible for monitoring a company’s transfer and supply of money by keeping accurate, detailed and up-to-date financial records. They create logs to track every outgoing and ingoing transaction in which cash is handled. They also closely work with accountants and other financial analysts to direct asset management. Treasury analysts can expect daily duties such as tracking investment income, assessing liability levels, producing accurate cash forecasts, processing taxes, performing wire transfers and reviewing bank statements. Treasury analysts at the senior level may help management set policies for successful acquisitions or mergers, or they may develop financial incentives and strategies for boosting company profits.

Where Do Treasury Analysts Work?

The BLS indicates that there are more than 268,000 treasury analysts employed across the country who are tasked with the responsibility of coordinating smooth cash flow. Most treasury analysts are employed in private corporations in a range of industries such as automotive and retail. In addition, many treasury analysts find employment within local, municipal, state or federal government agencies. Other top employers include nonprofit organizations, hospitals, manufacturers, universities, insurance companies and banks. You can find treasury analysts who are organizing finances in nearly any business or organization in which money transactions occur. Most treasury analysts work 40 to 50 hours per week, and they spend a significant amount of time in offices with little to no travel.

What Are the Education Requirements for Treasury Analysts?

To enter the field, treasury analysts typically need to earn a bachelor’s degree from a four-year, accredited business school. Some of the courses aspiring analysts can expect to take include economics, statistics, business, accounting and finance. Students are advised to take electives that cover topics such as quantitative reasoning, supply chain, auditing, corporate finance, risk management, banking and financial analysis. It is also recommended to take a co-operative or internship while pursuing the degree. Following graduation, aspiring treasury analysts will likely need at least two years of finance experience before they can enter the field. Many analysts start their careers as sales agents, auditors, tax associates, bookkeeping clerks and credit analysts. Professionals who are looking to advance their careers may consider obtaining the voluntary Certified Treasury Professional certification.

Related Resource: What is a Portfolio Analyst?

In general, treasury analysts are responsible for managing a company’s capital by ensuring that it is correctly processing its accounts payable and receivable. While overseeing the transfer of money, treasure analysts look for and correct any discrepancies that could result in financial loss for the company. These professionals can expect an average salary of $39.31 per hour or $81,760 per year in exchange for protecting organizations’ funds. Pursuing a career as a treasury analyst can yield additional promotions to controller, treasurer, cash manager or Chief Financial Officer .