Key Treasury Skills and a guide to resources relating to each skill category.
The PTMA asked several Bay Area
Treasurers to identify key skills for treasury professionals. Naturally, if you
ask 3 Treasurers you'll get 3 different answers. So we present them all.
LIST ONE: 1) Cash Management: Cash Forecasting Account Structure and Mechanisms Collection Systems & Processes Cash Concentration Systems Global Cash Management 2) Risk Management: Financial Risks: Foreign Exchange Risk Interest Rate Risk Commodity Risks 3) Capital Structure: Finance Strategy Debt Management Lease Financing: Capital Leases Operating Leases Synthetic Leases Lease v. Buy Analysis Short & Long Term Debt Commercial Paper Compliance Management & Reporting Equity: IPOs Secondary Offerings Hybrids: Convertibles 4) Portfolio Management: Strategy & Structuring Investment Policy Externally Managed Portfolios RFPs Control & Monitoring Internal Portfolios: Control & Monitoring Custodian Services 5) Bank Relations Leveraging Business for Optimal Effectiveness 6) Treasury Systems 7) Credit & Collections
LIST TWO: Core Skills 1) Domestic and International Cash Management: Banking Relationships Contact Point/Liason Between Internal Groups and External Banks Account Structures, Lockboxes, Wire/ACH, etc. 2) Foreign Exchange Transaction (including reporting controls, accounting) FAS 52 and FAS 133 Instruments and Tools Exposure Identification & Quantification Additional Valuable Skills: 1) Leasing 2) Risk Management 3) Credit & Collections 4) Stock Administration 5) LCs and Guarantees 6) Tax Matters 7) Controls & Segregation of Duties
LIST THREE: Must Haves: 1) Risk Management 2) Foreign Exchange Management 3) Portfolio Management 4) Credit & Collections Strong Additions 1) Leasing experience 2) Proxy Experience (Preparation, Process, Obtaining Shareholder Approval of Proxy Items, etc.) 3) Capital Structures (esp. outside of the Software industry) 4) Treasury Systems (Implementation and/or Hands-On Experience)