Job profile of a Corporate Treasurer

The financial profile of any organization holds prime importance to determine its overall smooth functioning. This is why companies need experts to handle such sensitive and important matters. A Corporate Treasurer is one such senior professional in the domain of finance who plays a vital role in managing the overall financial health of a company. This article details the key Corporate Treasurer responsibilities and their job profile while outlining how to become one.

Who is a Corporate Treasurer?

Simply put, a Corporate Treasurer is an expert in the domain of finance. One of the primary Corporate Treasurer’s responsibilities is managing the overall finances and transactions of an organization. It includes identifying potential financial risks for the company, offering expert advice on strategic investments, and overseeing the company’s financial operations. 

Key Corporate Treasurer responsibilities 

To understand their role in a company further, let us look at some of the major Corporate Treasurer job roles and duties:

1. Managing liquidity: The Corporate Treasurer is responsible for ensuring that the organization has sufficient funds in ready access to meet all its financial requirements at all times.
2. Managing investments: Corporate Treasurers make strategic investment decisions with surplus cash available to produce profitable returns. 
3. Managing debts: This is yet another of the prerequisite Corporate Treasurer job roles. They look into the debt obligations of the company and are responsible for managing the debt levels and negotiating the finance terms.
4. Compliance with regulations: Corporate Treasurers must ensure complete adherence to all the necessary financial laws and regulations.
5. Reporting finances: Financial reporting is one of the important Corporate Treasurer job roles. They are responsible for accurately reporting all financial data and information to the senior management and all concerned stakeholders on the current financial position of the company.  

Skills required for a Corporate Treasurer

To be able to perform the role effectively, you must have some essential skills. Defined below are some of the skills required for Corporate Treasurers in India:

• Financial analysis: This includes analyzing and interpreting financial data to be able to make informed decisions on capital structure, investments, and financial strategy.
• Forecasting skills: They must be able to foresee cash flow requirements in the future and accordingly plan for potential financial challenges and risks.
• Relationship management: Corporate Treasurers must be able to network and build strong bonds with investors, banks, and other concerned stakeholders.
• Management of cash flow: This is one of the most important skills required for a Corporate Treasurer. It includes overseeing and optimizing the cash inflow and outflow of a company to ensure that there is enough liquidity to manage debt obligations and ensure smooth financial operations for the company.
• Effective communication: They must be able to clearly and concisely present complex financial data to the senior management, banking partners, and other stakeholders. 

How to become a Corporate Treasurer?

Corporate Treasurers have a highly lucrative career path with multiple opportunities unlocking for the right candidate in varied sectors. We discuss below how to become a Corporate Treasurer and the corresponding Corporate Treasurer salary insights 2024 to help you make an informed decision for your future career path.

1. Gain the relevant degree: This is the first step on the Corporate Treasurer career path. You can choose to pursue a Bachelor’s degree in Accounting, Finance, Economics, or any other relevant business domain.
2. Pursue a Master’s: For an advanced knowledge base in the field and to enhance your career prospects, you may consider following up with a postgraduate degree in any of the related or relevant fields. An MBA in Finance is generally ideal.
3. Gain professional certifications: They help validate your specialized knowledge in the domain, such as the Certified Treasury Professional (CTP) certification granted by the Association for Financial Professionals (AFP).
4. Earn the relevant work experience: This helps in gaining much-needed hands-on experience and training in the field. You can start with entry-level roles such as Assistant Treasurer and then advance to senior positions like Treasury Analyst or Treasury Manager.

The Corporate Treasurer salary insights 2024 reflects that the average annual pay scale of a Corporate Treasurer in India is estimated in the range of INR 9 lakh – INR 12 lakh per annum. The figures are indicative and to be used for reference purposes only. The actual pay range may vary for different organizations and professionals. 

Conclusion 

Corporate Treasurers are skilled financial experts responsible for shaping the financial strategy of a company. They oversee all its strategic investments and potential financial risks, ensuring at all times the smooth financial health of the organization. The defined career path for Corporate Treasurers is highly rewarding and there are plenty of opportunities available for skilled candidates. 

Sikkim Manipal University, one of the well-known educational institutions in the country, offers an online MBA in Finance to students aspiring for a career in Corporate Treasury. Students graduating with the degree can move on to advanced roles in their career, such as Treasury Manager. The two-year degree program is offered on the Online Manipal platform in 100% remote learning mode and equips students with the necessary financial and quantitative skills required to excel in the world of finance.