Treasury Associate Job Description
Treasury associate
provides treasury and Banking support to US Businesses and Corporate Functions including execution of exception payments via Fed Wire and ACH.
Treasury Associate Duties & Responsibilities
To write an effective treasury associate job description, begin by listing detailed duties, responsibilities and expectations. We have included treasury associate job description templates that you can modify and use.
Sample responsibilities for this position include:
Forecast and manage short term cash availability to meet operational needs, and ensure cash is managed according to the investment strategy
Ensure compliance with policies, procedures and sound internal controls for safe guarding of assets
Perform analysis of cash management and daily cash funding
Maintain insurance profile including procurement and renewal of insurance policies to ensure proper risk mitigation
Maintain relationships with external banking and insurance partners
Provide quality customer service related to internal insurance inquires and requests
Identify, implement and optimize cash management opportunities
Initiate and drive ad-hoc projects that support the goals of an excellent Treasury Department
Operate computers programmed with banking software - US Bank's Single Point and Wells Fargo Bank’s software in order to record and store information as necessary
Initiate and confirm Wire Transfers and ACH Payments
Treasury Associate Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Treasury Associate
List any licenses or certifications required by the position: CTP, AAP, CPA, SWIFT, FP&A, PMP, CFA, KYC, GLAO, ACAMS
Education for Treasury Associate
Typically a job would require a certain level of education.
Employers hiring for the treasury associate job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Finance, Accounting, Business, Economics, Technical, Business/Administration, Education, Management, Graduate, Mathematics
Skills for Treasury Associate
Desired skills for treasury associate include:
Corporate treasury and financial operations needs
Banking environment and treasury products
Bank messaging
Both domestic and international wire formatting
MS Excel
Bank account reconciliations
Retail banking and products
Microsoft Office products
Bond
Corporate finance & investments
Desired experience for treasury associate includes:
Check figures, postings and documents to ensure entries are correct, mathematically accurate and that proper codes have been used
Access US Bank's and Wells Fargo's banking software for information to answer general questions questions related to specific accounts
Debit, credit, and total accounts on computer spreadsheets and databases
Verifying / meeting margin calls
Reviewing daily OTC reconciliations via TriOptima tool
Running daily margin equity report to monitor excess cash across custodians and monitor counterparty risk exposure
Treasury Associate Examples
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Treasury Associate Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of treasury associate. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for treasury associate
- Support Reconciliation Specialist with preparation of bank reconciliations
- Provide support to the ECM Reconciliation Specialist in monitoring and improving integrations between the bank, the ECM in house software and the general ledger
- Analyze FX exposure daily
- Allocate/execute hedging strategy through forwards
- Monitor cash management and cash reconciliations
- Maintain wire processing
- Initiate margin calls
- Track collateral
- Manage data and systems
- Process daily check activity
Qualifications for treasury associate
- Monitor bank account balances for overdrafts and posting errors
- Research wire transfer/ACH related issues
- Help establish credit facilities
- Perform bank account maintenance including bank account openings, closings and changes associated with the account, services or authorized persons
- Enhanced Portfolio Management designed to grow revenues in a good control environment
- Client interest pricing and profitability analysis
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Treasury Associate Job Description
Job Description Example
Our growing company is looking to fill the role of treasury associate. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for treasury associate
- Book money market & collateral trades in our portfolio system
- Assist in the build out and implementation of new treasury systems
- Create cash flow forecasts and determine the amount of funding needed for various businesses over different time horizons
- Build reports on an ongoing basis to provide information to head office, regulators, and holding company constituents
- Interact with clients (including
- Work closely with colleagues in our international offices
- Partner in the delivery of global sales targets for EMEA by supporting team members in the development of solutions to corporate and NBFI clients through market data analysis, benchmarking and consultative presentation materials
- Take a consultative approach to structure innovative and complex solutions across multiple countries and regions
- Partner with other Sales Associates and Junior Bankers on various corporate treasury related topics and transfer successful cases studies to the knowledge base of the broader sales force
- Partner with product management organization to leverage new capabilities and generate new product ideas based on emerging needs from our clients
Qualifications for treasury associate
- Product knowledge - understanding of Fixed Income Products
- Interpersonal skills - ability to effectively partner with different business groups and develop relationships
- Strong system skills –Ability to quickly pick up and use proprietary systems
- Understanding of Treasury Management process – Prior Treasury experience in funding and liquidity management capacity
- Understanding of regional client asset protection rules FCA and CFTC
- Knowledge of balance sheet and capital (RWA) concepts
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Treasury Associate Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of treasury associate. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for treasury associate
- Running prior day balances and preparing daily funding spreadsheet
- Running and sending out daily cash reporting
- Maintaining accurate schedules of all borrowing, investing and inter-co loan activity
- Acts as primary back up for the execution of daily foreign currency financial transactions
- Assists in the design, implementation and maintenance of a variety of financial reports for inclusion in company wide cash forecast
- Executing wire transfers to meet funding requirements necessary to daily cash position
- Assisting in establishing of or closing of bank accounts
- Reconciling prior day cash activities to ensure accuracy and prepare/post daily cash transactions to general ledger
- Ensure the timely and accurate settlement of security transactions
- Maintain up-to-date controls and procedures that align with the demands of the fast pace and ever changing environment
Qualifications for treasury associate
- Strong accounting skills and understanding of product impact on company financials
- CA / MBA with 5 to 6 yrs of experience with knowledge of Investment Banking domain, preferably with Revenue/Cost/Balance Sheet reporting experience
- CFA / FRM certifications will be an added advantage
- Proficiency in Microsoft Office application is required
- 1+ years of treasury management experience or equivalent via relevant training program
- Familiarity with treasury management products, services and trends
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Treasury Associate Job Description
Job Description Example
Our growing company is looking for a treasury associate. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for treasury associate
- Participate in annual audits and tax reporting
- Identify revenue opportunities - utilize TS data to find cross sell opportunities (ex
- Track new loan activities to verify TSS is engaged
- Review TSS Dashboard and loser/gainer reports to identify potential loss of business
- Manage ad hoc sales projects as assigned by Sales Manager (example pricing, product changes, data gathering)
- Verifies work of and provides guidance to less experienced levels of accountants or offshore staff
- Monitoring client relationship and revenue profile
- Work with the RM to develop a client plan for retentive marketing efforts and revenue growth
- Jointly coordinates delivery of service among functional groups
- Coordinates responses to escalated client inquiries
Qualifications for treasury associate
- Possess intellectual curiosity, to become an expert in the current process and assist in process improvement
- At least two year’s work experience
- In depth understating of banking environment, treasury product and technical accounting knowledge, understanding of of treasury work streams – capital, liquidity, term, asset liability management, liquidity reporting, treasury regulatory reporting
- Demonstrated experience in financial exposure identification, developing and executing hedge strategies
- Expert in MS Office applications such as Excel, Word, PowerPoint
- Bachelor’s Degree in Finance or Bachelor’s Degree in Accounting, or Bachelor’s degree in Economics
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Treasury Associate Job Description
Job Description Example
Our innovative and growing company is hiring for a treasury associate. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for treasury associate
- Verify and code all invoices
- Assigned to special projects such as receivable programs, budgeting or cash management services
- Run Payroll reports
- Serves as backup for Sr
- Perform Treasury operations functions
- Assist in local projects, new product approvals
- Maintain a close working relationship with other groups within Corporate Treasury, with Sales and Trading, Structuring, Market Risk, Controllers, Legal, Tax, and Operations
- Responsible for selling Digital Treasury to financial institutions, developing new accounts and/or expanding existing accounts
- Works as a member of a sales team to sell assigned products or services to identified accounts
- Prepare/process premium spreadsheets, premium payments with applications, claim payments, scan bank deposits and release, return unapplied premium payments, miscellaneous payments
Qualifications for treasury associate
- Knowledge of banking environment, treasury product and technical accounting knowledge, understanding of of treasury work streams – capital, liquidity, securitization, FX & Risk, term, asset liability management, liquidity reporting, treasury regulatory reporting
- 1-3 years treasury solutions experience (cash management, commercial card, trade finance) and an understanding of the client needs that drive usage of these products
- Recognizes customer needs, links solutions to needs, and acts on customer readiness to buy
- Consultative, solutions-based selling experience
- Aggressive, self-starter, goal-oriented
- Attention to detail, excellent follow through