本文发表在 rolia.net 枫下论坛在昨天的财务讲座中，作为第四组义工的我给来参加活动的朋友们简单的介绍了一下
Treasury的job responsibilies。今天整理了一下写出来，希望可以和更多的朋友
分享。

Treasury 部门的responsibilities - 主要分为七大块：

有些大企业的treasury部门还会包括pension administration的职责，但以下讲的
七大块不包括pension.

1) Banking / manage banking relationship: involves day-to-day banking, monitor
concentrated cash position, investment of cash surplus, prime loan borrowing,
buy/sell FX, open/close bank accounts, corporate visa/ merchant card program
management, fraud detection services management (includes positive pay
and payee match), etc. 这一块是treasury里最烦琐的职责，通常由treasury analyst
负责。

Skills required: good communication and interpersonal skills and excellent
organizational skills.

2) Cash management: involves preparation of short-term and long-term cash
flow forecast，normally co-operation & involvement of divisional accounting
personnel is required to ensure accuracy in cash flow forecasting. 大的公
司会用专门的软件来做cash flow forecast, 如果是中小型企业，一般用Excel. 这
一块通常也由treasury analyst 负责

Skills required: good working knowledge of Excel, able to build forecast
models using Excel.

3) Financing: debt or equity financing? involves negotiation with various
banks / financing companies on financing alternatives, includes credit facility,
operating line of credits, debentures, letter of credits. Ensures lender
covenants are adhered to and reporting to lenders on covenants. 这一块相
对1) & 2) 来说比较senior level,所以会由assistant treasurer / director of
treasury / treasury manager负责。

Skills required: good negotiation and presentation skills, exposure to banking
agreement, debt structure, credit facilities, bank covenants. Comfortable
with reviewing and interpretation of legal contracts.

4) Capital budgeting and controls: involves development of capital reporting
system to facilitate project management and capital forecasting. Use of
project / business valuation models including PV (present value) calculation,
IRR (internal rate of return) discounted cash flow, risk adjusted rate
of return. (example: evaluation of own vs lease vs sales & lease back option
on fixed assets/ premises / facilities). 这一块可以由treasury analyst 或
者 assistant treasurer / director of treasury / treasury manager负责。

Skills required: strong analytical skills, experience and knowledge in use
of business valuation models.

5) Risk Management: involves the management of interest rate and foreign
exchange exposures. Arrange and negotiate various hedging facilities, such
as interest rate swap, forward contracts, etc. Accounting for financial
instruments and hedges.这一块的negotiation & management 部分会由assistant
treasurer / director of treasury / treasury manager 负责，但recording and
accounting for FX transactions 可以由treasury analyst 负责。

Skills required: good knowledge of financial instruments and hedging facilities.

6) Financial Reporting: includes disclosures on debt, interest expense,
hedge accounting in external reporting. Preparation on annual and quarterly
Management Discussion and Analysis (MD&A) included in external filings.
这一块基本上属于assistant treasurer / director of treasury / treasury manager
的职责。

Skills required: familiar with Canadian and US GAAP, strong accounting &
reporting knowledge, understands how complex treasury transactions are reported.

7) Special Projects: includes due dilligence / valuations on potential merge
& acquisitions, benchmarking (against competitors), etc. M&A属于higher level
responsibilies, 通常由treasurer / assistant treasurer / director of treasury
/ treasury manager 负责。

我会在PARTII 介绍一下treasury 方向的 career path.更多精彩文章及讨论，请光临枫下论坛 rolia.net