15 Common Treasury Assistant Interview Questions and How to Answer Them

Landing a job as a treasury assistant requires strong analytical and communication skills, meticulous attention to detail and in-depth knowledge of accounting and finance principles. As you prepare for your treasury assistant interview expect to answer probing questions that evaluate your technical proficiency as well as soft skills.

Hiring managers want to make sure you have the skills to handle the complicated tasks of treasury operations. Here are 15 common treasury assistant interview questions and how to answer them in the best way:

1. What skills do you think treasury assistants need in order to be successful?

This open-ended question allows you to highlight the core competencies needed for the role Emphasize skills like

  • Strong analytical abilities – to interpret financial data and identify trends.

  • Attention to detail – to ensure accuracy in managing transactions.

  • Communication skills – to collaborate with stakeholders and explain financial information.

  • Time management and organization – to handle multiple priorities and deadlines.

  • Knowledge of accounting principles and treasury functions like cash management, forecasting, and risk mitigation.

Conclude by relating your skills and experience to the role.

2. How would you resolve a discrepancy in a cash transaction?

With this question, interviewers want to assess your problem-solving abilities and attention to detail. Outline the step-by-step approach you would take:

  • Review all documentation related to the transaction – invoices, receipts, bank statements etc.

  • Verify if appropriate procedures were followed during the initial recording or collection.

  • Identify where the discrepancy occurred by cross-checking entries with original documents.

  • Discuss with relevant teams to get clarification if needed.

  • Make required corrections or adjustments to resolve the discrepancy.

  • Implement preventive checks and balances to avoid future discrepancies.

3. What systems should be used when counting cash and balancing receipts?

This tests your knowledge of cash handling procedures. Key points to mention:

  • Maintain a cash receipts journal for recording transactions.

  • Use counting machines to efficiently handle large volumes of cash.

  • Leverage accounting software to reconcile calculated totals with receipt amounts.

  • Perform checks at multiple stages to ensure accuracy.

  • Store cash securely following company protocols.

  • Adhere to segregation of duties – separate personnel should handle counting and recording.

4. How do you prioritize tasks when managing multiple deadlines?

Treasury assistants often juggle multiple priorities. Discuss strategies you would use:

  • Maintain a schedule with all deadlines and assign priority levels.

  • Group related tasks to improve efficiency.

  • Handle time-sensitive deliverables first.

  • Leverage tools like spreadsheet charts to track progress on tasks.

  • Communicate with managers regularly to align on priorities.

  • Ask for help if overloaded and reassess priorities if needed.

5. How would you explain a complex financial concept to a non-financial executive?

Communication skills are vital for a treasury role. Your approach should demonstrate your ability to simplify complex information.

  • Use clear, concise language avoiding technical jargon.

  • Present data visually through charts, graphs or tables.

  • Use relatable analogies and examples to explain concepts.

  • Gauge their level of understanding and invite questions.

  • Highlight financial impacts focusing on their area of responsibility.

  • Follow up with reports and offer to answer further questions.

6. What financial regulations apply to treasury functions?

This tests your knowledge of regulatory requirements. Some key regulations you should mention:

  • Basel III for banks – impacts liquidity and reserve requirements.

  • SEC rules on financial reporting and disclosures.

  • Anti-money laundering and Know Your Customer (KYC) norms.

  • Regulations like Dodd-Frank and Sarbanes-Oxley that govern internal controls and auditing.

Discuss the impact of non-compliance and measures you’ve implemented to ensure adherence.

7. How would you evaluate the cash position of a company?

Your process should demonstrate analytical thinking and use of financial metrics:

  • Calculate liquidity ratios like current and quick ratio using balance sheet data.

  • Analyze cash flow statement to assess sources and uses of cash.

  • Review working capital needs and short-term liabilities.

  • Forecast future cash position based on projections.

  • Compare ratios over time and with industry benchmarks.

  • Assess adequacy of cash reserves.

  • Highlight potential risks or shortfalls.

8. What steps are involved in cash management?

Outline the core aspects of effective cash management:

  • Cash flow forecasting and setting liquidity targets.

  • Managing collections, disbursements and reconciliation.

  • Optimizing cash investment returns through vehicles like money markets.

  • Implementing controls around cash processes.

  • Leveraging technology solutions for automation.

  • Monitoring bank balances and availability of credit facilities.

  • Maintaining relationships with financial institutions.

9. How would you detect irregularities in a bank reconciliation statement?

Demonstrate your meticulous approach:

  • Cross-verify closing balances match with bank statements.

  • Review reconciliation items for unusual lag.

  • Ensure debits/credits match subsequent entries.

  • Identify duplicate or missing transactions.

  • Flag unauthorized or suspicious transactions.

  • Compare cleared checks with disbursement records.

  • Follow up on outstanding receivables/payables.

10. How do you stay updated on accounting regulations and standards?

Ongoing learning is key in this field. Highlight habits like:

  • Reading releases from regulators and accounting bodies.

  • Attending conferences and seminars.

  • Completing certifications like CPA, CTP.

  • Participating in internal and external training programs.

  • Leveraging resources like newsletters, webinars, and publications.

  • Joining professional associations.

  • Monitoring changes proposed in draft regulations.

11. What steps would you take to improve cash flow?

Demonstrate strategic thinking and knowledge of cash flow levers:

  • Accelerate collections through payment terms changes.

  • Optimize payables processing and negotiate vendor terms.

  • Reduce inventory and leverage just-in-time models.

-Sell unused assets and invest excess cash.

  • Analyze profitability by product and optimize production.

  • Lower discretionary spending through budget optimization.

12. How would you mitigate the impact of foreign exchange risk?

Highlight FX risk management strategies:

  • Evaluate exposure across currencies and implement hedging tools accordingly.

  • Use forwards, futures, and options to lock in exchange rates.

  • Diversify asset allocation across markets to spread out risk.

  • Offset currency exposure by matching cash inflows and outflows.

  • Monitor leading indicators like GDP, inflation, interest rates.

  • Maintain updated regulatory knowledge of countries invested in.

13. Describe your experience using treasury management systems.

Specifically discuss your expertise with relevant platforms:

  • SAP S4/HANA, Kyriba – for treasury management, payments, risk.

  • Bloomberg, Reuters – for market data, analytics.

  • SWIFT, Fedwire, Ripple – for transaction messaging.

Highlight your role in evaluating requirements, managing integrations, user training, and reporting.

14. How would you evaluate a potential investment opportunity for the company?

Walk through your analytical approach:

  • Assess return potential using IRR, NPV based on cash flow projections.

  • Review company financials, leadership, market position.

  • Analyze forecasts, sensitivity analysis, worst and best case scenarios.

  • Benchmark against hurdle rate and other investment alternatives.

  • Evaluate risks and mitigation strategies.

  • Present recommendations by highlighting pros/cons and impact on company finances.

15. Do you have any questions for us?

This is your chance to gather intel about the role. Smart questions to ask:

  • What are the top priorities for this position in the first 3-6 months?

  • How will performance be measured?

  • What treasury management systems are currently used?

  • What training opportunities are available?

  • How large is the team I’d be working with?

  • What potential growth opportunities are available at the company?

Prepare insightful questions that demonstrate your interest in the role and company culture. Avoid questions with easily obtainable information.

With thorough preparation using these tips, you can master the treasury interview and land the job opportunity you desire. Remember to draw on specific examples and data points throughout your responses rather than generalizations. Stay confident in your financial acumen and problem-solving abilities. Keep an ear open for cues from the interviewer so you can adapt your responses accordingly. With the right mindset and practice, you’ll be equipped to succeed in your upcoming treasury role. Best of luck!

Common Behavioral Interview Questions

  • Spend five minutes and walk me through your résumé.
  • Tell me about yourself and why you’re a good fit for this job.
  • What sets you apart from other candidates?
  • What three things did your manager like about you in your last review? What three things did your manager want you to work on?
  • What do you really care about most about your job?
  • What do you do when you don’t want to do or find boring work?
  • Treasury departments typically run lean. How do you organize and prioritize a lot of different tasks that keep coming up?
  • What do you do when you’re not sure how to do something? How can someone help you?
  • When you needed to make a big choice but didn’t have all the facts, tell me about it.
  • Tell me about a new skill, procedure, or hard problem you had to solve. What were the steps you took, and were you successful?.
  • Describe your communication style, both written and verbal.
  • Tell me about a time when you had to work with others to reach a goal.
  • Tell me about a time when you had to deal with a disagreement or a letdown. How did you get back on track?
  • Tell me about a time when you had to deal with people who didn’t want to accept a change you were making.
  • Tell me about a time when you had to deal with a tough customer or senior management
  • Tell me about a time when you had to convince a group of important people to see things your way. Describe the situation, your actions and the outcome.
  • As a treasury professional, tell me about a time when you had to teach someone else how to do their job and make them understand how important it is.
  • Which activity or project did you lead that went the best and was the hardest?
  • What kind of leadership do you use, and how do you like to run teams, whether they are formal or casual?
  • How do you handle it when someone on your team doesn’t do their job?
  • Which of the following do you think are good ways to help the team improve their skills?
  • What risks do you see in the field that you would deal with if hired?
  • What is your 30/60/90 plan for this position if hired?
  • What is your personal perspective on risk management?
  • How do you approach safeguarding the company’s assets?
  • What is your definition of success for the treasury department?
  • What are some of the fraud services that you might see on a bank account for accounts payable or payroll? What about accounts receivable or treasury accounts?
  • Describe a smart way to add or remove users from bank platforms.
  • What is FBAR?
  • How do you approach cash forecasting?
  • Explain what “free cash flow” means and how to use the direct method to find it.
  • To understand and get around in a new country, how would you go about banking there?
  • We have three projects for the treasury department. Projects: A, B, C. We want to automate tasks that used to be done by hand in project A. What is the best way to go about this?
  • For Business B, we want to cut down on fraud, raise the number of days that payments are past due, and speed up the flow of payments. What do you suggest?
  • We want to lower overall costs for Project C, bring in more interest income, and spend less on interest. What do you think we should do?
  • What are the three most important financial statements? What do they show? How do they compare to each other?
  • What makes a business receive cash from a customer in month 1 but not count it as income until month 2?
  • Let’s say I buy a piece of equipment. Walk me through its impact on the three financial statements.
  • Imagine a company whose EBITDA has been going up for a few years and then all of a sudden files for bankruptcy. How might this have happened?.
  • Big company X has a lot of debt that comes due next year. Since it’s still hard to get debt, what choices does the company have?

Questions to Ask in an Interview

At the end of every interview, candidates are always given the opportunity to ask the interviewer some questions. Make sure to prepare your questions to ask the interviewer ahead of time. Pick questions that show what’s important to you and give you more information you need to see if the job is a good fit.

To help get you started, here are questions suggested by treasury professionals in the AFP community:

  • How do you communicate and deliver information?
  • When I ask for help, how do you handle it? How will you get rid of problems so I can finish a task or project?
  • Why did you agree to take the job? Why do you stay?
  • Have you ever had to deal with problems you didn’t expect?
  • In what ways will you help me gain more experience? What kind of training do you offer?
  • How do you motivate, engage and inspire employees?
  • What makes someone a valuable employee in this company?
  • Do you think this company values you? If so, how does it show this?
  • What are my career goals? If I get the job, how will you help me reach them?
  • Does my education or work experience make you worry or have faith in my ability to do well in this job?
  • How do you train your employees to use these systems? Is the training done in-house or by someone else?
  • How do you plan to make the treasury department more efficient through automation and resource allocation?
  • How does the company manage liquidity — domestically and globally?
  • What is the company’s approach to hedging risk?
  • How does treasury impact EPS in this role?
  • What does the company think about ESG, and how important is it to it?
  • How do you deal with both internal and external stakeholders? Can you talk about how the treasury department works together to make sure the partnership works?

Treasurer Assistant interview questions


What is the role of a treasury assistant?

What Is a Treasury Assistant? As a treasury assistant, you handle many of the basic financial transactions of a business or organization and report to the treasury manager. You write checks, create and open accounts, and track account balances.

How do I prepare for a TA interview?

Before the interview, identify your attributes and strengths, and align these with what the school is looking for. Think about the qualities that a teaching assistant should possess; patience, empathy, approachability and a caring nature are all attributes that you should be looking to showcase within your answer.

What questions should I ask a treasurer in an interview?

Role-specific interview questions How would you manage foreign exchange risk in a multinational company? Could you provide an example of how you optimized the management of working capital? In case of a financial crisis, how would you ensure that the liquidity position of the company is not impacted?

What questions should you ask a treasury assistant?

21. Describe your experience using accounting software. The interviewer may ask this question to learn more about your experience with specific software programs. This can help them determine if you have the necessary skills to perform the job duties of a treasury assistant.

What does a treasury assistant do?

They also may be responsible for budgeting and forecasting. If you’re looking for a job as a treasury assistant, you’ll likely need to go through a job interview. During the interview, you’ll be asked questions about your experience working with numbers, your knowledge of financial procedures, and your ability to stay organized.

What is a treasury analyst job interview?

Job interviews give you the opportunity to show an interviewer why your experience, skills and background make you a suitable candidate for a treasury analyst position. Many people practice answering interview questions before meeting with a hiring manager to increase their confidence and relieve stress.

What skills do treasury assistants need?

Bookkeeping and accounting are two important skills for a treasury assistant. Employers ask this question to make sure you have the necessary experience with these processes. Before your interview, read through the job description to see if they list any specific bookkeeping or accounting software that they use.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *