Our September webinar explored the content in the ACT guide to the first 100 days as a Group Treasurer and you can catch up on that webinar now.
Created in association with Deutsche Bank, this comprehensive guide is a must-read for senior finance professionals as they take on a Group Treasurer role, coming from a different discipline. Our expert panel will share advice and insights that also will be invaluable to treasurers at any point in their career journey.
This guide is intended to support treasurers as they navigate their new role – at the top of the treasury career ladder. Many will have come from other finance disciplines, but this will be their first step into the treasury function, and they will be leading an experienced, professional team. There will be others who are combining leading on treasury with another main role – perhaps tax, their own area of professional expertise, or they might be a CFO who has a smaller team and no explicit treasury roles. They may however have a significant P & L and balance sheet responsibility. As we know, even large multinationals often have only a couple of people working in treasury specifically, and some have none.
The Guide can also be used as a ‘refresher’, and each short chapter will highlight the key ‘need-to-knows’: what do you need to be on top of, and what can you expect from your team? We will also reference where further information can be found. For example, the ACT’s Treasurer's Wiki is an invaluable resource when needing to check terms.
The ACT Competency Framework forms the basis for all the training and qualifications we run. Developed with the input of professional treasurers, the framework sets out the technical, business and behavioural skills required at four levels of operation: tactical, operational, managerial and strategic. It is complemented by a summary of the job roles to be found at each level, and all of our qualifications reference which level of learning they provide. This gives a comprehensive view of the profession, what it entails in terms of roles and skills, and offers a pathway to progress through a career in treasury for those in your team who would like this. I am highlighting this upfront, as the Competency Framework is a fundamental source of information for anyone new to the treasurer role.
You may only be in treasury a short time, or be working ‘in’ treasury on a part-time basis, as needed. Whatever the case, I would ask you now the question: what will you take away from your time in treasury? When you look back, what will success look like? In the guide you will find a number of ‘vignettes’ from treasurers, current and past, telling their stories about what they have gained from being in treasury, what they would do differently in hindsight, and what their first 100 days were like.
I hope you will find the Guide a useful tool, and remember: the ACT is here to support you, whether you are a member or not, as our Mission is to ‘embed the highest standards of professionalism and integrity in the treasury world, and act as its leading advocate.’
Caroline Stockman, Chief Executive, Association of Corporate Treasurers