Accounting Advisory Associate
91% skill overlap
To add: Statutory accounts and local GAAP conversion
Your role
Treasury Advisory Associate
BriefYour role
- L3 salary
- Not published yet
- Upcoming dated changes
- 5 changes ahead
What the role does
Treasury Advisory Associate is a role in Audit, Tax & Advisory. The family covers audit, tax, valuation, advisory and transaction work in professional firms. The core skill is international accounting standards (IFRS), and the main work is financial reporting and accounting and treasury and cash management.
Levels
- L1 Starting out
- L2 Independent
- L3 Senior or specialist
- L4 Leads a team or an area
- L5 Leads the function
Full level descriptions and job titles
The EFO level names are the common scale; job titles differ between employers.
| Level | What the work looks like | Typical years | Typical job titles |
|---|---|---|---|
| L1 Starting out | Learns the job; executes defined tasks with supervision | 0-2 | Banks: Analyst, Junior Analyst, Associate (asset servicing), Trainee, GraduateAsset servicers: Junior, Specialist (entry), Officer |
| L2 Independent | Owns a process end to end; trains L1; first contact for the team's clients | 2-5 | Banks: Analyst / Senior Analyst, AssociateAsset servicers: Specialist, Senior Specialist, Senior Officer |
| L3 Senior or specialist | Deep expertise; handles exceptions and change; represents the function in projects | 5-9 | Banks: Senior Associate, AVP, Assistant ManagerAsset servicers: Senior Specialist, Expert, Team Lead (small team) |
| L4 Leads a team or an area | Manages people or a large process; owns budgets or controls; escalation point | 8-14 | Banks: VP, Manager, Senior ManagerAsset servicers: Team Lead, Manager, Head of Section |
| L5 Leads the function | Accountable for the function in a legal entity or region; sets priorities and standards | 12+ | Banks: Director, Executive Director, Managing Director, Head of functionAsset servicers: Head of Department, Director |
Skills
Where the skill weights come from
Each role lists its skills with a tier and a weight. The weights of one role add up to 100 percent.
Source: the EFO role catalogue, built from the ESCO classification and reviewed by the editors.
The percentage is the skill's share of the role; the bars are drawn relative to the anchor skill, which is shown full.
Critical
- International accounting standards (IFRS)Weight 13.3%Relevant to you
- Accounting fundamentals (double entry)Weight 8.9%Relevant to you
- Revenue recognitionWeight 8.9%Relevant to you
- Group consolidationWeight 8.9%Relevant to you
- Treasury and cash flow managementWeight 8.9%Relevant to you
Important and supporting skills 17
Important
- Financial statement analysis and ratiosWeight 4.4%Relevant to you
- Advanced Microsoft ExcelWeight 4.4%Relevant to you
- Professional written communicationWeight 4.4%Relevant to you
- Assessing the quality of sourcesWeight 4.4%Relevant to you
- Client service mindsetWeight 4.4%Relevant to you
- Process mapping and redesignWeight 4.4%Relevant to you
- Attention to detailWeight 4.4%Relevant to you
- Building a slide narrativeWeight 4.4%Relevant to you
Supporting
- Audit methodologyWeight 2.2%Relevant to you
- Microsoft PowerPointWeight 2.2%Relevant to you
- SAP enterprise systemsWeight 2.2%Relevant to you
- Working to tight deadlinesWeight 2.2%Relevant to you
- Stakeholder managementWeight 2.2%Relevant to you
- Corporate governanceWeight 2.2%Relevant to you
Useful
- Data cleaning and validationWeight 0.7%Relevant to you
- Collaboration and teamworkWeight 0.7%Relevant to you
- Internal controls and risk oversightWeight 0.7%Relevant to you
Processes
The work the role takes part in.
What each process covers
- Financial reporting and accountingMain
- Treasury and cash managementMain
- Change and project deliverySupporting
Dated changes for this role
- CSRD scope narrowed by Omnibus I; second wave reports from financial year 2027Relevant to you
- ECB Pontes: DLT settlement in central bank moneyRelevant to you
- European Single Access Point opens to the publicRelevant to you
- CHAPS settlement to start at 01:30Relevant to you
- EU securities settlement moves to T+1Relevant to you
Worth knowing
Salary snapshot
Salary figures are not published yet
The L3 salary range for this role, with its sources, will appear here when the salaries section opens.
Certifications
- ACA Chartered Accountant
- ACCA Qualification
- CFA Program Level I
- Certified Internal Auditor
Concepts to know
Neighbouring roles
Roles that need many of the same skills, by weighted skill overlap, with the skills you would need to add.
External Audit Associate
61% skill overlap
To add: Control mindset (what could go wrong)
Your role
Tax Associate
61% skill overlap
To add: Corporate taxation, Intercompany transfer pricing, Legal research and regulatory interpretation
Your role
External Audit (Financial Services)
55% skill overlap
To add: Basel framework and capital, Control mindset (what could go wrong), Insurance accounting (IFRS 17, technical provisions)
Your role
Group Reporting Accountant
51% skill overlap
To add: Period-end close and reconciliations, Management reporting and commentary, Organisation and prioritisation
Your role
Internal Auditor
49% skill overlap
To add: Investigative reasoning on anomalies, Control mindset (what could go wrong), Challenging constructively
Your role
Do this job? Suggest a correction
Sources
- The EFO role catalogue, with skills, levels and processes. How it is built
- ESCO classification of the European Commission (external site)