Haia Aaraj
Recruitment Consultant
As we reflect on the developments in treasury this year, from new digital tools to more complex financial strategies, it’s clear that the field is developing faster than ever. That means there are plenty of exciting opportunities for those ready to take the next step in their careers. If that sounds like you, a little preparation can make the difference. In this guide, we’ll share tips on how to stand out, sharpen your skills, and position yourself for success. Let’s get started!
Current In-demand Skills and/or Qualifications
To be a good treasurer today, a broad range of skills and qualifications is necessary. A solid foundation in finance, accounting, or economics is essential, often boosted by certifications like the CTP (Certified Treasury Professional) or credentials from entities like the Association of Corporate Treasurers. These formal qualifications provide the technical knowledge required for the role, but they are just the beginning.
Technical know-how in cash management, risk assessment, financial planning, and investment strategies is essential. Soft skills are equally important. According to the results of our survey, being a team player, detail-oriented, forward-looking, and innovative are key abilities. Treasurers regularly interact with various stakeholders, from C-level executives to external partners, making effective communication non-negotiable.
Beyond these foundational skills, today’s treasurer needs a mindset equipped for continuous learning. The financial outlook is evolving, with technology playing a larger role every year. A keen interest in evolving financial technologies, from AI-driven analytics to blockchain, will set candidates apart.
Dynamics of the Job Market
The job market for treasury professionals in 2024 has changed, influenced by the outcome of COVID-19 and the changing workplace environment. The pandemic has increased the importance of treasury functions, bringing more visibility and responsibility to professionals in this field. Hybrid working models and online meetings become the standard.
Currently, the job market is favourable for treasury professionals. Companies are responding to demographic changes and changing expectations by offering flexible work arrangements, personalized development opportunities, and tailored compensation packages to attract and retain talent.
Looking ahead, strategic thinking and adaptability will be increasingly important as automation and AI continue to reshape traditional roles. Success will require a people-focused approach, clear communication, and an openness to new ways of working. Treasury professionals who can balance these expectations will find themselves in high demand.
To discover more about these trends and how to succeed in the 2024 treasury job market, watch the recording of our educational session!
So what are companies looking for?
Companies are also placing more emphasis on internships and education. While expanding their treasury functions and looking for senior talent, companies are simultaneously increasing the number of internships and hiring early graduates who can bring fresh perspectives and innovative ideas.
There’s a prominent focus on individuals taking their second career step, particularly those in generalist roles like treasury specialist, analyst or officers who have a broad understanding of various aspects of the treasury department. By nature, companies are looking for the most experience for the least amount of money. Thinking out of the box as a hiring manager can help you find a suitable candidate quickly. When hiring managers choose to be open to hiring juniors who can learn but lack experience, or hiring experienced treasurers who are less ambitious and offer more stability, they will be able to find a suitable candidate quicker than when they are only looking out for the perfect treasury potential with 2-3 years experience.
Tip for Job Seekers
Job seekers this year can enhance their chances of landing their dream job by following a strategic approach to their search. By focusing on the next steps, job seekers can navigate the competitive market more effectively and increase their chances of securing their ideal roles:
- Strategic Career Planning;
- Clean up your CV;
- Use your Connections;
- Keep track of your Applications;
- Prepare for your Interviews;
- Write follow-up Letters.
To explore these tips further and discover additional insight, be sure to read the full article or get in touch with our consultants.
