Corporate Treasury: Graduate Area of Work

The “treasurer” department of the business organisation: keeping immediate cash for priorities and necessities.
The gradsingapore Team

Corporate treasury is a company’s internal division, characterised by its responsibilities in ensuring that there is sufficient immediate cash to fund the company’s priorities and demands. This involves constant monitoring of the liquidity of the company’s finances, as well as cautious managing of its various monetary risks.

Additionally, corporate treasurers are often required to advise on and prepare financial policies and controls that can aid in funding the company.

It is also the job of a corporate treasurer to look into the assistances that financial service providers are (and will be) providing to companies in order to reinforce their financial security. As such, they will often have to be attentive to new loan schemes, foreign exchange rates, banking and credit facilities that have been released so as to keep a company’s financial plans updated.

Working life

Most graduates who enter corporate treasury begin as treasury analysts or treasury accountants, where they will receive on-the-job training. You are also expected to take professional qualifications on the sidewith the Association of Corporate Treasurers (ACT) or other equivalent professional bodies in order to advance in your position.

At entry level, you will usually start with general duties such as cash management and providing financial advice to other areas of the business. As you climb up the corporate ladder and begin to assume a more specialised position, however, your duties will become more diversified, depending on the projects and cases that you are handling at a particular time.

On most occasions, you will have to work closely with the senior management and manage large sums of money. 

Because a corporate treasurer’s work is largely tied to the company they work for, you can typically expect stable eight-to-five office hours. However, as with most jobs, you will have to work longer hours when you have an important deadline to achieve.

Skills required

You will need to be well-informed of your company’s goals, the recent business climate, and condition of the international banking sector. This will indirectly improve your decision-making skills, thus helping you avoid pitfalls and potholes in the market, especially during forecasting sessions and pooling arrangements.

Though it would be to your advantage if you happen to possess basic accounting knowledge, that is usually not a prerequisite. Equally important is the ability to work to procedures and to simplify complex matters for the benefit and comprehension of senior management.

Ups and downs

This position entails a close working relationship with your company’s senior management, which means that — depending on company culture — you may often be pressured to perform. Anxiety can also come due to the responsibility of handling large sums of money during transactions.

Working in corporate treasury, however, gives you a broad overview of the inner workings of business organisations, especially through the allocation of their funds. This is a line of work that remains largely unchanged yet necessary across various industries, so it offers you plenty of flexibility with regards to potential employers over the course of your career.