Cost analyst to corporate treasurer
A cost analyst already meets 43% of what the corporate treasurer role asks for. The move turns on 7 required skills not yet in the profile.
58.2/ 100
1 How much of what a corporate treasurer is expected to do is already part of a cost analyst’s work. Directional: the figure for the reverse move differs, because moving into a speciality is not the same problem as moving out of one. 2 Every skill the corporate treasurer role is recorded as needing, required and optional together. What these numbers mean.
Why this move works
A corporate treasurer role treats 9 of its required skills as things a cost analyst already does. You would walk in with these on day one.
- analyse financial performance of a company
- analyse financial risk
- create a financial plan
- evaluate budgets
- financial department processes
- financial forecasting
What stands in the way is 7 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.
Table 2 · What you already bring
Of the 13 skills that carry over, these are the ones fewest other occupations ask for. A corporate treasurer role needs them, and most people applying for one will not have them already. This is the part of a cost analyst background worth leading with.
- already held exert expenditure control management skills
- already held liquidity management business, administration and law
- already held advise on tax planning communication, collaboration and creativity
- already held evaluate budgets management skills
- already held disseminate information on tax legislation communication, collaboration and creativity
- already held financial department processes business, administration and law
All 13 carried skills, including the 9 the corporate treasurer role treats as required.
Table 3 · What you may need to learn
The 27 missing skills fall into 4 areas of the ESCO skill hierarchy, numbered in the order worth working in. Areas carrying the most required skills come first, and inside each one the required skills sit above the optional ones. Nothing here is a verdict on you: it is a list of what this particular job asks for that your current one does not.
- still to learn investment analysis required
- still to learn treasury management system required
- still to learn financial analysis required
- still to learn financial statements required
- optional, not held banking activities optional
- optional, not held insurance market optional
- optional, not held property law optional
- optional, not held public offering optional
- optional, not held risk transfer optional
- optional, not held securities optional
- optional, not held stock market optional
- optional, not held tax legislation optional
- still to learn plan medium to long term objectives required
- optional, not held convert currency optional
- optional, not held develop revenue generation strategies optional
- optional, not held perform currency reserve management optional
- optional, not held handle cash flow optional
- optional, not held manage corporate bank accounts optional
- optional, not held manage securities optional
- still to learn review investment portfolios required
- optional, not held advise on credit rating optional
- optional, not held advise on financial matters optional
- optional, not held trade securities optional
- still to learn analyse market financial trends required
- optional, not held identify if a company is a going concern optional
- optional, not held create risk reports optional
- optional, not held manage currency exchange risk mitigation techniques optional
Table 4 · Where to start
The 3 entries a corporate treasurer role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
- 01 investment analysis study this
- 02 treasury management system study this
- 03 analyse market financial trends practise this
Each entry opens a course search for that skill. Career Overlap earns nothing from these links.
Appendix · The rest of the record
All 13 skills that carry over
- already held analyse financial performance of a company skill
- already held analyse financial risk skill
- already held create a financial plan skill
- already held evaluate budgets skill
- already held financial department processes knowledge
- already held financial forecasting knowledge
- already held interpret financial statements skill
- already held liquidity management knowledge
- already held manage budgets skill
- already held advise on tax planning skill
- already held disseminate information on tax legislation skill
- already held exert expenditure control skill
- already held prepare financial statements skill
20 supplementary skills, helpful but not required
- optional, not held convert currency optional
- optional, not held develop revenue generation strategies optional
- optional, not held identify if a company is a going concern optional
- optional, not held perform currency reserve management optional
- optional, not held advise on credit rating optional
- optional, not held advise on financial matters optional
- optional, not held banking activities optional
- optional, not held create risk reports optional
- optional, not held handle cash flow optional
- optional, not held insurance market optional
- optional, not held manage corporate bank accounts optional
- optional, not held manage currency exchange risk mitigation techniques optional
- optional, not held manage securities optional
- optional, not held property law optional
- optional, not held public offering optional
- optional, not held risk transfer optional
- optional, not held securities optional
- optional, not held stock market optional
- optional, not held tax legislation optional
- optional, not held trade securities optional
20 held skills the corporate treasurer role does not ask for
- not needed by the target role analyse transportation costs skill
- not needed by the target role assess financial viability skill
- not needed by the target role calculate production costs skill
- not needed by the target role carry out tendering skill
- not needed by the target role company policies knowledge
- not needed by the target role control of expenses skill
- not needed by the target role cost management knowledge
- not needed by the target role create a financial report skill
- not needed by the target role enforce financial policies skill
- not needed by the target role execute analytical mathematical calculations skill
- not needed by the target role explain accounting records skill
- not needed by the target role identify process improvements skill
- not needed by the target role manage inventory skill
- not needed by the target role manage payroll reports skill
- not needed by the target role negotiate supplier arrangements skill
- not needed by the target role perform cost accounting activities skill
- not needed by the target role prepare cost-plus pricing models skill
- not needed by the target role provide cost benefit analysis reports skill
- not needed by the target role support development of annual budget skill
- not needed by the target role synthesise financial information skill
12 gaps that are knowledge rather than practice
Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.
- still to learn investment analysis required
- still to learn treasury management system required
- still to learn financial analysis required
- still to learn financial statements required
- optional, not held banking activities optional
- optional, not held insurance market optional
- optional, not held property law optional
- optional, not held public offering optional
- optional, not held risk transfer optional
- optional, not held securities optional
- optional, not held stock market optional
- optional, not held tax legislation optional
Common questions about this move
Can a cost analyst become a corporate treasurer?
Yes, and it is a substantial move. A cost analyst already covers 43% of what a corporate treasurer is expected to do: 13 skills carry over, 9 of which the corporate treasurer role treats as required.
What skills does a cost analyst need to become a corporate treasurer?
7 required skills are missing, plus 20 optional ones. They fall into 4 areas of the ESCO skill hierarchy, led by business, administration and law. The single most important is investment analysis.
How hard is the move from cost analyst to corporate treasurer?
Its learning distance is 58.2 out of 100, which is the substantial band. That accounts for both how much is missing and how specialised those skills are.
How this record was compiled
Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.