A treasury assistant is primarily responsible for managing financial transactions within a company. Their work is carried out in an office setting during traditional business hours (Monday through Friday), though additional hours may be required. Educational requirements depend on the employer, but many employers require a Bachelor’s degree in an area such as Accounting, Business, or Finance, and many prefer a Master’s degree. Additional training and/or courses in accounting, business, or finance may also be required.
A treasury assistant has a variety of responsibilities, including: managing all financial transactions and cash flow of their company; monitoring the budget; analyzing budgets and profits; suggesting methods to improve financial situations; monitoring the billing department; tracking all earnings and expenses; regular preparation of financial reports; handling bank account reconciliation; ensuring accuracy and submission of bank statements and records; assisting with customer activities related to financial transactions; preparing daily records regarding financial activities; and producing consolidated financial reports.
This position requires a well-rounded individual with a variety of skills. Treasury assistants should be able to maintain company confidentiality at all times and must be proficient with various banking operations and details, as well as handling accounting records. Proficient computer skills, as well as experience with relevant programs, are absolutely necessary. A treasury assistant should also be an expert multitasker with superior organizational skills, as well as general mathematical proficiency.
Treasury Assistant Tasks
Process and send checks, returns, transfers and stop payment requests.
Communicate with other banks, payers, clients and involved parties to ensure processing.
Enter data, analyze data and coordinate necessary steps for follow-through.