Job Description
A Treasury Accountant plays a vital role in managing a company's liquidity, investments, and financial risk. Unlike a general accountant who focuses on historical reporting, a Treasury Accountant is more focused on cash flow forecasting and capital preservation.
Role Overview
The Treasury Accountant is responsible for overseeing the organization's banking relationships, managing daily cash balances, and ensuring that the company has enough runway to meet its obligations. They often act as the bridge between the Finance department and external banking partners.
Key Responsibilities
Cash Management: Monitor daily cash balances across multiple bank accounts and currencies.
Liquidity Forecasting: Create short-term and long-term cash flow projections to ensure the business can cover payroll, vendors, and debt payments.
Risk Management: Mitigate financial risks, including interest rate fluctuations and Foreign Exchange (FX) exposure.
Investment Oversight: Manage surplus cash by investing in low-risk instruments like money market funds or short-term deposits.
Debt Compliance: Ensure timely payment of loan interest and maintain compliance with bank covenants (financial rules set by lenders).
Bank Administration: Manage bank portals, open/close accounts, and update authorized signatories.
Month-End Closing: Reconcile treasury-related transactions (interest, bank fees, FX gains/losses) for the general ledger.
