Treasurer

Treasurers manage daily cash flow for their organization and help improve banking services. They are also responsible for creating and presenting departmental strategy to management, as well as create reports and data analysis for use of the management team. Other tasks performed by treasurers include directing, managing, disciplining, and evaluating staff under their supervision. These professionals also serve as advisers to the management team. As well as helping control the company's debt and investments, the treasurer should be creative in finding new ways of improving payment strategies, creating efficiencies, and streamlining processes with in the company. Treasurers generally work full time during regular business hours.

The minimum educational requirement for treasurers generally includes a bachelor's degree in financing, accounting, or business. Previous experience in a similar position, generally at least 10 years with at least five years in management. Industry certifications may also be required or preferred. Treasurers must have leadership qualities, be able to handle employee conflicts, be able to counsel employees, and know how to build and maintain business relationships with all merchants, managers, and executives. These professionals must work well on their own, as well as in a team environment.

As a Treasurer with 9+ years of experience in Singapore, your main responsibilities include:

• Oversee the financial management and budgeting processes, ensuring accurate and timely financial reporting.
• Develop and maintain strong relationships with banks, financial institutions, and stakeholders to optimize cash flow and financing opportunities.
• Implement effective risk management strategies to protect the organization's assets and investments.
• Lead and mentor the finance team, providing guidance and support in areas such as treasury operations, tax planning, and compliance.

For a Treasurer job role, the following qualifications are required:

• Solid financial knowledge and expertise to oversee and manage the organization's financial operations effectively.
• Strong analytical skills to conduct financial analysis, forecasting, and risk assessment, ensuring sound financial decision-making.
• Excellent attention to detail and accuracy to handle financial transactions, including budgeting, cash flow management, and financial reporting.
• Proficiency in financial software and systems to efficiently maintain and monitor financial records, perform audits, and ensure compliance with relevant regulations.

With 9+ years of work experience in Singapore as a Treasurer, professionals have several alternative roles to consider. Here are following options to explore:

• Senior Accountant: This role entails more extensive responsibilities, such as financial reporting and regulatory compliance.
• Treasury Manager: Focused on managing cash and liquidity requirements, this position involves tasks like forecasting, risk management, and investment activities.
• Procurement Manager: Ideal for those interested in supplier relationships and purchasing processes, this role involves negotiating contracts and overseeing procurement operations.
• Financial Analyst: This position focuses on monitoring financial performance, developing forecasts, and providing insights to support strategic decision-making.

According to recent data, the role of Treasurer in Singapore is projected to experience significant growth in the market. Over the past 10 years, the job has witnessed a steady rise in demand, in line with the increased focus on efficient financial management in organizations. This trend is expected to continue in the coming years, resulting in a surge in employment opportunities for professionals in this role. The expanding global economy and Singapore's status as a global financial hub further contribute to the positive outlook for Treasurer positions. Upcoming developments and the demand for financial expertise indicate a promising future for individuals pursuing this role.