The treasury and finance domain is constantly evolving, offering plenty of opportunities for those who want to move up the ladder. Even if you’re just starting out or looking to take your career to the next level, here are some practical steps to help you advance.
1. Keep learning and stay updated
A solid understanding of financial principles, cash management, risk assessment, and liquidity management is essential. But beyond the basics, staying informed about industry trends, regulatory changes, and new technologies like AI-powered financial forecasting and blockchain can set you apart.
2. Get certified
Earning professional certifications can boost your credibility and open doors to better job opportunities. Some of the top certifications to consider include:
- Certified Treasury Professional (CTP)
- Chartered Financial Analyst (CFA)
- Certified Management Accountant (CMA)
- Financial Risk Manager (FRM)
- Certified Business Analysis Professional (CBAP)
3. Sharpen your analytical and tech skills
Being good with numbers isn’t enough, you also need to be comfortable using financial modeling, data analytics, and risk assessment tools. Getting hands-on experience with software like SAP, Oracle Treasury, Power BI, and even programming languages like Python can give you an edge.
4. Network, Network, Network
Building relationships with other finance professionals can lead to new opportunities and valuable insights. Attend industry conferences, join organizations like the Association for Financial Professionals (AFP), and engage in discussions on LinkedIn.
5. Work on your leadership and communication skills
As you move up, you’ll need to communicate complex financial strategies to people who may not have a finance background. To improve, try:
- Executive coaching
- Public speaking courses
- Leading cross-functional projects
6. Get international experience
Treasury management often involves global markets and foreign exchange risks. If you have the chance, work on international finance projects or take on roles in multinational companies to broaden your experience.
7. Find a mentor or sponsor
A mentor can offer guidance and advice, while a sponsor, someone in a senior position who advocates for you, can help you land bigger opportunities.
8. Take charge of your career
Don’t wait for promotions, actively seek them. Set clear goals, communicate your ambitions to management, and be open to lateral moves that build your skills. Be ready to grab opportunities that align with your career vision.
9. Share your knowledge
One way to get noticed in the industry is by sharing your expertise. Write LinkedIn articles, speak at industry events, or contribute to treasury forums to establish yourself as a thought leader.
10. Embrace technology and innovation
The future of treasury is digital. Stay ahead by learning about fintech solutions, AI-driven analytics, and automation tools that improve treasury operations. Being tech-savvy makes you a valuable asset.
In summary
Growing your career in treasury and finance takes a mix of technical know-how, networking, continuous learning, and leadership skills. Take proactive steps now, and you’ll be well on your way to success!