Overview

Treasurers are responsible for an organisation’s financing and funding. They ensure that liquidity and cashflow is under control.

A treasurer takes charge of raising funds from sources such as bank loans and issuing debt to markets.

Treasury professionals use financial products to support and improve an organisation’s financial position often through trading financial instruments.

A treasurer’s objective is to ensure the organisation has enough cash reserves and financial assets to meet changing economic conditions and future liabilities.

Treasury is particularly suited to financial professionals as it involves attributes such as:

  • money management
  • accountancy
  • risk management 
  • corporate governance 
  • and corporate financing

Treasurers require up to date IT and digital skills to manage treasury operations through treasury management systems.

Entry and progression

Treasurers are normally experienced qualified accountants who are members of a professional body such as ACCA.

Treasurers often begin their career in:

  • tax
  • financial and management accountancy
  • corporate finance 
  • legal departments

ACCA develops the skills and knowledge required by forward thinking professional accountants, including treasurers.

Exam options

For those who work in treasury, or aspire to be a treasurer, the most relevant exam options are:

Performance objectives

Remember it’s not just about exams. You need to have the right experience so that you are competent – you have the experience and knowledge – to start and continue your financial analyst career.

Performance Objectives (PO) which would provide great experience and must be signed off as part of the Practical Experience Requirement (PER) could include:

Competencies

High level competencies required by financial analysts include:

  • Strategy, Technology and Innovation

    A. Evaluates organisational structures and governance to protect the long-term interests of stakeholders.

    B. Recommends appropriate strategies to ensure adherence to governance structures and application of best practice internal controls.

    C. Identifies and manages risk appropriately.

    D. Uses risk management for the best interests of an organisation and its stakeholders.

    E. Monitors and applies relevant legislation, policies and procedures.

  • Ethics and Professionalism

    A. Develops advanced ethical values and professional skills in the promotion of public interest and the profession.

    B. Demonstrates personal effectiveness in fast changing environments.

    C. Encourages innovative thinking within the context of professional scepticism.

    D. Thinks proactively about the future, applying professional judgement and commercial intelligence and seeks specialist input when needed.

    E. Communicates effectively and influences others.