If you’re a woman who comprehends the underlying language of money and its full potential when properly managed, a job as a treasury assistant could be for you. In this job, you'll work for the department that oversees financial management and reporting for the company. Your immediate supervisor will usually be the treasury manager, though your boss' exact job title will vary from employer to employer.
A treasury assistant must be able to follow and execute directions. You should be reliable, trustworthy, organized and focused. You should also have strong communication skills, an ability to work efficiently and independently, and a willingness to spend long stretches of time solving problems. Adeptness at math and proficiency with computers are other important skills.
What You'll Do
As a treasury assistant, your job is to help maintain the financial soundness of the organization. To do so, you’ll communicate banking activity to your supervisors, annotate bank reconciliations and report all cash transactions. You’ll ensure meticulous accuracy in counting any cash needed for opening or closing the business. The job entails maintaining optimum business cash flow by tracking income and expenditures using bookkeeping and accounting methods. You might assist other support staff with the discovery and resolution of monetary discrepancies. You’ll create and monitor regular financial reports, and must be able to provide clear and concise summaries of financial information to business owners, supervisors or board members.
As a treasury assistant, you may have an opportunity to research and report on business investments that might be beneficial to the company. In the absence of the treasury manager, you might act in a supervisory role guiding other staff members, possibly including recruitment and training. Additionally, you might be required to work through disputes with customers or clients. Some treasury assistants work for a specific department, while others are employed in a company-wide role.
What You'll Need
Having a rich combination of education and experience will give you more opportunities to secure a job as a treasury assistant. The companies that hire for this position expect you to hold at least a bachelor’s degree in business, finance or a related discipline. Having an advanced degree can improve your job prospects, especially at larger corporations. In addition, some organizations might require at least five years of experience in a financial occupation, such as working as an accountant or financial analyst. For example, prior experience as a certified public accountant (CPA) would be helpful in securing a position as a treasury assistant.
2016 Salary Information for Financial Managers
Financial managers earned a median annual salary of $121,750 in 2016, according to the U.S. Bureau of Labor Statistics. On the low end, financial managers earned a 25th percentile salary of $87,530, meaning 75 percent earned more than this amount. The 75th percentile salary is $168,790, meaning 25 percent earn more. In 2016, 580,400 people were employed in the U.S. as financial managers.
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- U.S. Department of Labor: Bureau of Labor Statistics: Financial Managers
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- U.S. Bureau of Labor Statistics: Occupational Outlook Handbook: Financial Managers
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