Description

A treasury analyst is in charge of an organization's financial activity, managing cash flow, credit, income, asset levels, and liability obligations. Their exact job duties may vary depending on their employer (for example, whether they work at businesses, non-profit organizations, or government agencies). Generally, though, these professionals coordinate with all internal finance, accounting, and accounts departments to ensure correct money management. Treasury analysts may also be tasked with analyzing financial patterns and making projections for income and expenses, as well as assisting in the development of investment strategies.The treasury analyst is concerned primarily with matters internal to the organization, with most responsibilities executed in an office environment. Strong written and verbal communications skills are necessary to ensure successful coordination among internal finance-related departments and to effectively design and deliver reports. Excellent analytical ability is necessary to effectively analyze large amounts of financial data.Most employers seeking treasury analysts typically require at least a bachelor's degree in business administration or a related field. Generally, it is also highly preferred that the applicant has earned a professional certification such as the CTP (Certified Treasury Professional), which requires at least two years of experience in corporate finance and a passing grade on the certification exam. (This certification must be renewed every three years.) Three to five years of professional experience in upper-level financial positions such as corporate treasury management, banking, or investment management is also required in many cases.

Roles & Responsibilities

As a Treasury Analyst with 0-3 years of experience in Canada, your main responsibilities include:

  • Assist in cash management activities, including monitoring cash flows, forecasting cash needs, and optimizing liquidity.
  • Support the treasury team in executing and reconciling daily cash transactions, such as wire transfers, investments, and intercompany funding.
  • Prepare financial reports and analysis related to cash management, including bank reconciliations, cash position summaries, and variance analysis.
  • Collaborate with cross-functional teams to gather data and provide support for treasury-related projects, such as implementing treasury systems or optimizing banking relationships.

Qualifications & Work Experience

For a Treasury Analyst, the following qualifications are required:

  • Strong financial acumen and knowledge of investment and banking concepts to analyze and evaluate investment opportunities, manage cash flows, and optimize liquidity.
  • Proficiency in financial modeling, data analysis, and forecasting to develop accurate cash flow projections, perform risk assessments, and support strategic decision-making.
  • Excellent knowledge of treasury operations, including reconciliation, forecasting, and reporting, to ensure compliance with regulatory requirements and internal controls.
  • Advanced proficiency in financial software and systems, such as treasury management systems and ERP platforms, to streamline processes, automate workflows, and enhance data accuracy and integrity.

Essential Skills For Treasury Analyst

1

Forecasting

2

Marketing Analytics

3

Financial Modeling

4

Risk Management

5

Process Management

6

Data Analysis

Skills That Affect Treasury Analyst Salaries

Different skills can affect your salary. Below are the most popular skills and their effect on salary.

Forecasting

3%

Risk Management

4%

Accounting

3%

Career Prospects

The role of a Treasury Analyst is crucial for efficient financial management. For professionals with 0-3 years of experience in Canada, here are four alternative roles to consider:

  • Financial Reporting Analyst: This role involves analyzing financial data, preparing reports, and ensuring compliance with accounting standards.
  • Risk Analyst: A position focused on identifying and evaluating financial risks, developing risk mitigation strategies, and implementing risk management processes.
  • Cash Management Specialist: This role focuses on optimizing cash flow, managing bank accounts, and executing cash management strategies to ensure liquidity.
  • Investment Analyst: A position that involves researching and analyzing investment opportunities, evaluating risks and returns, and making investment recommendations.

How to Learn

The treasury analyst role in Canada is expected to experience steady growth in the market, according to a 10-year analysis. The demand for skilled professionals in this field is expected to increase in the coming years. With the continuous evolution of financial markets and increasing complexity in managing corporate finances, more organizations are recognizing the need for treasury analysts. The job prospects in this field are promising, with a projected increase in the number of employment opportunities available in the future. This growth trend is supported by recent data available through Google, showing a positive outlook for treasury analysts in Canada.