This is a YouTube video titled "How to Stand Out and Advance Your Treasury Career with Andreas Weindel" containing a monologue by Andreas Weindel recorded in June 2023. Andreas shares career advice focused on treasury professionals, emphasizing the importance of delivering results, understanding company operations deeply, effective communication, and building a personal reputation within the organization.
I was not always the most brilliant study guy so I stood out more in like showing results, you know, going for it, going for the extra mile or try to differentiate myself by, you know, ideas or going for project and finish it talk about it. So that was my strategy in Siemens as well. Looking for extraordinary projects. Of course always the add on to your normal stuff but I guess it's necessary if you really want to move on and do a. Do a career then you have to find a way to stick out. I would say talking to the listeners seek for opportunities to make a name, get to know people, get them to know you by name and by results. So do good and talk about all starts first with understanding the company and not only the business model of the company, but also more deep the drivers, the players, how is finance or if there is a Treasury I faced in some parts that wasn't a Treasury at all. So how are the tasks that a Treasury does like taking care of the cash payments, foreign exchange, risk management, financing, how does that work? And understanding the reasons why the things are as they are as a start. So talking to a lot of people and try to make the picture like a puzzle, put it together and then you have the current situation before you're not having that. I would say it's tough to go through a checklist and say okay, we need to change this, this and this. Because every company has its, I would call it Treasury DNA and definition. One solution for it doesn't fit necessarily to another because treasury is everything and nothing. I like communication, I like to talk to people. And this is what you also need to have as a skill as a treasurer, you know, I mean the importance of the topic like as cash forecasting for example. In these days you have not only to put the numbers together, but you have also to sell them and not to sell them only to the management, but also to the bankers and tell us tell a story that being confident Sam.