Cash Pooling

Make room for the treasury controller!

| 01-05-2018 | Pieter de Kiewit |

Cash PoolingLately we have received an increasing number of calls from companies asking about treasury controllers. For various reasons this is understandable, but they are not the easiest to find and there is appears to be quite a wide variety. Let’s elaborate.

Over the last few years, many corporates have been quite frugal in their investments, also in treasury. Times were hard. Now funds are getting available, there is willingness to hire, also treasury controllers. The rising investments in treasury IT, also related to aforementioned funds, often leads to less work for the back office and possibly also the front office. Platforms like 360T or FXAll are examples, but also algo trading. Choosing the system and taking care of what it should do and what it actually does, is often one of many tasks of the treasury controller.

The chaos in the financial markets made regulators increase the number of rules that banks and also corporates have to follow. Furthermore companies expanding globally, and funding their subsidiaries have to following strict internal and external  (fiscal and banking) rules. Implementing this framework and being compliant can also be an important task of a treasury controller.

F&A and corporate treasury have been quite well at co-existing in separate worlds and not bothering each other. F&A wants to be in control and appreciates predictability. Treasury is motivated by the dynamics of the markets and adrenaline. But companies integrate functionalities and the treasury controller will build the bridge.

Now why is the search quite hard? First of all because of the drivers mentioned in the last paragraph: the treasurer does not like too much predictability and the controller does not (want to) understand the financial markets. And having thorough knowledge of several functionalities: bookkeeping, IT, regulatory and risk management and make them work well together is not easy. Finally not many corporate treasuries are big enough for a qualified treasury controller. This leads to well paid Big4 auditors and bank controllers. And us having search assignments. Any thoughts and are you interested?

We would like to hear from you,

Pieter, Heleen and Kim

Pieter de Kiewit
[email protected] / +31 6 1111 9783

Pieter de Kiewit



Pieter de Kiewit
Owner Treasurer Search