Tag Archive for: hiring manager

For what audience is the Treasurer Test developed?

| 06-06-2019 | by treasuryXL |

The Treasurer Test has been developed with three different audiences in mind:

  1. Actual Treasurers; those who are already active treasurers
  2. Pre Treasurers; those who have the ambition to become one and
  3. Non Treasurers; those who will not but deal with the function.

Their goals might overlap but there are differences. In this blog we will elaborate.

Actual Treasurer
Taking the test, already being a treasurer, can be useful in many situations. First, wanting to show your hiring manager you are fully capable and have the right personality for the position you want to step into. This is an obvious one. Second, planning your career. The result report will show the candidates treasury knowledge gaps and personality, helping in education and coaching plans. Third and last, as a treasury team you want to be ready for the future of your organisation and prepare. In order to achieve this, you want to know your current status in order to build a development plan with a focus both on skills as well as on personalities.

Pre Treasurer
Aspiring treasurers might have the aforementioned goals and some extra. They might not have done the job, but know a lot and want to prove this. Automatically, the Test will show where development might be started best and if the potential is enough to pick up the position. Taking the Test will also lead to insight what the job is about. It is not intended, but might lead to a candidate treasurer steering his career in another direction. Finally, we are talking with educators to deploy the test at the start and at the end of a program in order to objectively measure progress of students.

Non Treasurer
In finding staff or helping them in development, HR, recruiters and educators will play an important role. It is not to be expected that these specialist benefit from taking the Test. They should know about the Big5 typology and understand how the Test measurers skills.
On the other hand, CFOs, CFO team members, auditors, bankers and other financial specialist and their organisations will benefit from them taking the Test. Many of them consider themselves (unjust) knowledgeable in corporate treasury. Insight in their actual knowledge level is a good starting point. If the non-treasurer knows a lot and can prove this with the Test results, treasury specialists will better accept input. If not, the non-treasurer will better appreciate the expertise of the specialist and put treasury higher on the priority list.

Are you interested how the Treasurer Test can help you? Contact Kendra Keydeniers, Community & Partner Manager.

You can find more relevant information here.

What does the hiring manager know about treasury?

| 23-05-2019 | by Pieter de Kiewit |

Among corporate treasurers IPOs are always the icing on the cake and I have followed Adyen going public. Very interesting is that besides the obvious reasons like increased investments, money for the founders and employees dealing with their stock options, the strategic partners and clients play a role. Clients like eBay and Uber apparently work better together with a listed Adyen. Food for thought….

What does the hiring manager know about treasury?

At least half of our recruitment assignments starts with a message from our client like this: “we have this treasurer, I do not understand what he does but he is leaving. Can you help?”. Of course music to our ears, happy to help. In recruitment for permanent positions HR is involved, very often they also contribute in interim assignments. HR not knowing in detail about treasury is understandable. Especially when the candidate we search does not report into a senior treasurer but, for instance, a CFO, we also encounter a lack of knowledge in treasury with the hiring manager. Is this a problem and if so, how can this be solved?

You might have seen we contribute in the build-up of the Treasurer Test. One of the groups of people we asked to do the test are “financials, not being treasurers”. Their measurered lack of knowledge and interest in the field is obvious. This is of course not a surprise. Treasurers are, amongst others, responsible for funding, payments, management of currency and interest risk. Important enough for the continuation of the existence of an organisation. How can we prevent this important job lands with the wrong person? Some ideas:

  • A track record as shown in a cv is of course a first obvious. A candidate might be too positive about accomplishments, this can be screened by checking references. Screening CVs without knowledge about treasury might be daunting. Simply key word comparison will not work;
  • Worldwide there are only a few universities that pay attention to corporate treasury. Measuring knowledge through academic qualifications is smart (Register Treasurer, CTP, ACT are the most obvious). Currently less then 20% of the corporate treasury population holds such a degree;
  • The aforementioned Treasurer Test will be launched shortly presents skill level and personality and compares with peers;
  • Including knowledgeable experts in the recruitment process will help. We of course are available. Alternatively involving a specialized treasury consultant in the screening process might also work.

I hope you will be able to find the right next treasury team member, secure business continuity and feel confident with your recruitment decision with the above list. We are available to brainstorm and support.

Pieter de Kiewit

 

 

Pieter de Kiewit
Owner Treasurer Search