What does a Treasury Accountant do?
Published 3 min read
A treasury accountant is responsible for the financial management of an organization's short-term investments and cash. They prepare reports on the organization's financial position and make recommendations on how to optimize its cash flow. Treasury accountants also manage the organization's risk exposure by hedging against potential losses.
Treasury Accountant job duties include:
- Reconcile and prepare bank statements
- Process and record incoming/outgoing wire transfers
- Monitor cash balances and prepare daily cash reports
- Invest surplus cash in short-term investments
- Prepare journal entries for all treasury-related transactions
- Perform monthly account reconciliations for all treasury-related accounts
- Prepare monthly, quarterly, and annual reports on treasury activities
- Assist with the development and implementation of treasury policies and procedures
- Assist with the management of foreign currency risk
Treasury Accountant Job Requirements
A Treasury Accountant is responsible for the financial management of an organization's funds. They prepare reports and monitor financial activity to ensure that an organization's money is being used wisely. A Treasury Accountant must have a bachelor's degree in accounting or finance, and it is helpful to have experience working in accounting or finance. Some organizations may require that a Treasury Accountant be certified by the American Institute of Certified Public Accountants (AICPA).
Treasury Accountant Skills
- Analytical skills
- Profit and loss analysis
- Balance sheet analysis
- Budgeting
- Forecasting
- Financial modeling
- Financial analysis
- Finance
- Accounting
- Excel
- PowerPoint
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How to become a Treasury Accountant
A Treasury accountant is responsible for the financial management of an organization's funds. They work with the organization's financial team to ensure that all money is being properly accounted for and that all financial regulations are being followed. To become a treasury accountant, you will need to have strong math skills and experience in accounting. You will also need to be able to use financial software programs to manage the organization's finances.
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