Considering a Transition from Financial Accounting to Treasury Analyst?
I’ve been working as a financial accountant at a large corporation for nearly four years, handling month-end closes, budgeting, forecasting, and reporting. At this point, I’m feeling quite burnt out, and I’ve noticed that the company seems to be heading in a downward direction. I’m eager to explore a new role that may offer a more balanced workload.
I’ve developed an interest in treasury analyst positions and would love to hear about the typical experience in a standard medium to large corporation. Is there a significant amount of overtime? How stressful is the work? What about deadlines? Any insights would be greatly appreciated!
One response
Transitioning from Financial Accounting to a Treasury Analyst role can be a great move, especially if you’re seeking a change in pace and responsibilities. Here are some insights based on typical experiences in medium to large corporations:
Workload and Stress Levels: Treasury roles can vary significantly depending on the organization and its financial structure. Generally, a Treasury Analyst can face deadlines related to cash flow forecasts, liquidity management, and funding requirements, but these might be less intense than month-end close deadlines in Accounting.
Overtime Expectations: While Treasury roles can have busy periods, especially around month-end close or financial reporting phases, they typically do not have the same level of overtime as financial Accounting roles. However, during critical times, such as mergers, acquisitions, or treasury operations’ reviews, additional hours might be necessary.
Skill Transferability: Your experience in financial accounting, budgeting, and reporting would provide a solid foundation for a Treasury role. Skills in analyzing financial statements and understanding cash flows will be particularly beneficial.
Daily Responsibilities: A Treasury Analyst typically focuses on cash management, liquidity analysis, risk management (including foreign exchange risk), and interactions with banks and financial institutions. The role emphasizes strategic planning and decision-making, which could be a refreshing change from the repetitive nature of month-end tasks.
Potential for Growth: Treasury roles often lead to higher-level positions in finance, such as Treasury Manager or Director of finance. If you’re looking for growth opportunities, this transition could be advantageous.
Work Environment: The corporate culture and work environment will also play a significant role in your day-to-day experience. Research potential employers to find ones known for better work-life balance.
If you’re serious about making the switch, consider networking with professionals in treasury roles, seeking out job shadowing opportunities, or even pursuing relevant certifications (like the Certified Treasury Professional) to bolster your resume. Good luck with your career transition!