Key Achievements:
- Implemented cash management processes that improved liquidity forecasting accuracy by 30%.
- Streamlined bank reconciliations and treasury reporting, reducing month-end preparation time by 25%.
- Assisted in optimising working capital, freeing up £200,000 in cash flow.
- Developed treasury dashboards and reporting templates, improving visibility for senior management.
- Automated intercompany cash movements and reconciliations, reducing manual effort by 15 hours per month.
Duties & Responsibilities:
- Manage daily cash flow monitoring, forecasting, and reporting for the organisation.
- Prepare and reconcile bank accounts, intercompany accounts, and treasury-related transactions.
- Analyse cash balances and working capital to optimise liquidity and funding requirements.
- Support treasury operations, including payments, collections, and bank account management.
- Prepare monthly, quarterly, and annual treasury reports for senior management.
- Assist in the preparation of budgets and forecasts related to cash flow and funding.
- Monitor foreign exchange exposures, interest rate risks, and hedging activities.
- Implement internal controls and policies for treasury operations.
- Liaise with banks, financial institutions, and internal stakeholders on treasury matters.
- Assist in audits by providing schedules, reconciliations, and documentation related to treasury activities.
- Develop and maintain treasury dashboards, KPIs, and reporting templates.
- Support cash management projects and process improvement initiatives.
- Ensure compliance with statutory, regulatory, and corporate treasury policies.
- Participate in system upgrades and automation projects for treasury and cash management.
- Provide ad-hoc financial analysis and reporting related to treasury and liquidity management.
- Collaborate with finance, accounting, and operational teams to ensure accurate cash allocation.
- Maintain accurate records of financial transactions and treasury activities.
- Assist in funding and investment decisions, providing analysis and recommendations.
- Participate in continuous professional development (CPD) and technical treasury training.
- Uphold professional ethics, confidentiality, and integrity in all treasury accounting activities.
What does a Treasury Accountant do?
A Treasury Accountant manages an organisation's cash flow, banking relationships and financial liquidity. They monitor cash positions, support funding strategies and help ensure sufficient working capital is available to meet business requirements.
What qualifications do you need to become a Treasury Accountant?
Most employers require ACA, ACCA or CIMA qualifications, together with experience in treasury, financial accounting or corporate finance. Specialist treasury qualifications can further enhance career prospects.
What skills are important for a Treasury Accountant?
Treasury Accountants require strong analytical skills, attention to detail and excellent financial planning ability. Knowledge of cash management, banking, foreign exchange and financial risk management is also highly valued.
What are the responsibilities of a Treasury Accountant?
Responsibilities include managing daily cash flow, preparing cash forecasts, maintaining banking relationships, supporting foreign exchange activities, monitoring financial risk and assisting with funding arrangements.
What career progression is available for a Treasury Accountant?
Treasury Accountants commonly progress into Treasury Manager, Group Treasurer, Head of Treasury, Finance Director or Chief Financial Officer positions.