The scope and responsibilities of a Treasury Accountant depend on the entityís size, region, and individual qualifications. In general, the Treasury Accountant performs a variety of duties and has many responsibilities involving inflows and outflows of cash including:
Assist with the month-end treasuring reporting process by preparing monthly journal entries to close affected accountsPerform reconciliations of Balance Sheet accounts affecting the treasury system such as cash, cash equivalents, investments, debt, and sales (account reconciliation);
Responsible for daily cash management, cash flow management; assist in providing credit risk analysisManaging bank relationships including banking activities reporting (includes analyzing bank balances and service fees)Prepare and reconcile debt schedules to B/SPrepare variance analysis and supporting schedules on affected accountsCommunications with banks and managementPerform special projects as needed.
A Treasury Accountant is required to have a Bachelorís Degree, a major in Accounting or Finance is usually needed. The Treasury Accountant must also have on average 1-3 years experience in banking and cash management fields. Treasury Accountants usually report to the Treasury Manager. Treasury Accountants have a salary range of $30-50,000 yearly.†
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