The skills you need to be a successful treasury professional are outlined in the ACT Competency Framework, which sets the global treasury standard. As the chartered body for the profession, this framework defines the must-have technical, business and behavioural skills and competencies you need to be recognised as a well-rounded treasury professional. ACT qualifications are a recognised way of building accredited skills.
TECHNICAL SKILLS
The expertise to shape and enhance corporate strategy and business growth.
For example, you could be required to:
- Manage the business’s cash flows and liquidity by making sure it has enough money to pay its bills and meets its short and long term objectives
- Manage investments, this includes handling surplus cash and borrowing requirements
- Identify, assess and manage financial risks. Business leaders need to think about what could go wrong with their plans and part of your role is to help them do that
- Raise money to fund new business initiatives and put funding solutions in place so money is available whenever it’s needed
- Be involved in mergers and acquisitions. This includes raising capital and assessing the associated risks and opportunities
- Monitor external market conditions, determine how they may impact the business and plan accordingly e.g. are interest rates rising? How volatile are foreign exchange rates?
- Stay up-to-date on accounting rules, tax and regulation and how they may affect the business and your treasury activities
- Develop the financial strategy and policies to support business objectives.
BUSINESS SKILLS
How you use your treasury knowledge and experience to work with and communicate with a range of stakeholders to meet the business’s treasury objectives.
For example, you’ll need to:
- Be a confident communicator when talking to key stakeholders both inside and outside the business.
- Be the main point of contact when talking to banks, credit agencies, investment analysts, consultants and regulators etc.
- Collect, analyse and translate data into easy to understand information to help with problem solving and decision making across the business.
BEHAVIOURAL SKILLS
How to be a commercially driven professional who is accountable for your own actions, has persuasive influencing skills and can work effectively as part of a team.
For example, you’ll need to:
- Persuade others in the business to support a particular idea or plan of action which could add value to the business.
- Work closely with people from across all parts of the business to ensure they have the money needed to fund projects.
- Work as part of a team to achieve both the team and business objectives.
Want to learn the skills required for a career in treasury and cash management?
Choose from:
• eLearning courses: 45-90 minutes to complete, available online 24/7.
• Training courses: live skills-based training sessions.
• Treasury and Cash Management qualifications: internationally recognised courses from entry to master level.
All our courses will provide you with valuable knowledge as well as easy-to-share digital credentials to demonstrate your learning achievements.