What does a Treasury Director do?
A treasury director is responsible for overseeing the treasury department of a business or company to help manage the flow of money and protect the company against risks and loss. It sets goals for the company and helps it to reach those goals, or come close. The director oversees the treasury department staff and helps train, hire, and fire staff members. The director not only records and manages the flow of money in and out of the company, but also watches the company’s assets and investments to plan short- and long-term goals. On top of this, a treasury director will watch global relationships the company maintains, and she will try to avoid any situations which could cause a large loss of money to the company.
As a treasury director, the main goal is always to reduce the company's cost of operation and increase its income. An ideal company will make a large profit and spend very little to earn it. Choosing the best money management strategies and picking good investments will help the company earn money.
When considering a treasury director job, a person needs to have at least a Bachelor of Business Administration (BBA) degree in a financial field, such as accounting or finance. Those with a Master of Business Administration (MBA) degree are more likely to get a high-paying job with a large company. Other required skills include good people skills, the ability to work with and oversee others, and good planning skills. Since the treasury director juggles multiple money-related matters at once, she may have to work late or at unexpected hours and will need ways to manage large amounts of information at once.
Job duties will vary depending on the size of the company and the complexity of its financial system. When setting and reaching goals, a company rarely reaches its exact goal. Unexpected events within the company or the economy can cause losses, while a sudden rise in income can cause a jump in profits. The treasury director must adjust accordingly to these scenarios and help the company plan for the future. Balancing both short- and long-term goals is the key to keeping the company thriving and ensuring that it does not take an action which might help in the short term but hurt it overall in the long term.
The availability of jobs for treasury directors will likely stay the same or grow, though competition for these jobs is fairly high. Those with a master's degree will fair best when applying for a job. A resume showing past work experience will also help land a job depending on the length of previous jobs and the size of the companies the applicant has worked for.
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