Job description

Treasurers are responsible for ensuring that a company or organisation has sufficient resources to meet its obligations. Treasurers determine a company's financial strategy and policies, advising on where a business should invest - either internally or externally - and ensuring that funds are in place for such investments whilst controlling the financial risks to the business.

Fundamentally, treasurers look after a company's banking needs and manage funding and financial risk.

Typical responsibilities and duties include:

• Raising and managing funds.
• Currency transactions.
• Debt and credit management.
• Interest rate risk management.
• Managing insurance, pensions, property and taxation.
• Compliance.
• Financial risk management.
• Corporate financial management.
• Corporate strategy.

Qualifications

Treasurers are commonly qualified accountants, often with additional treasury qualifications such as those offered by the Association of Corporate Treasurers (ACT). Many treasury professionals have significant experience and work in senior roles.

Salary Snapshot

Recent salaries advertised on TopFinancialJobs (January 2010) include:

• £40-50,000 per annum for a qualified (ACT) Financial Services Treasury Manager working for an international organisation in Leeds.
• £80-100,000 per annum for a qualified (ACA) Head of Treasury Risk working in the City of London for one of the world's leading banks.
• £50-60,000 per annum for a qualified (ACA, ACCA, CIMA) Treasury Accountant working in London.
• £350-400 per day for a qualified temporary Group Treasury Senior Finance Analyst working in London for a FTSE-100 listed bank.

Do you work in treasury? Would you like to contribute to our "Day in the Life of..." series? Email us at info@topfinancialjobs.co.uk for more details.