DEFINITION of 'Certified Treasury Professional - CTP'
A professional designation awarded by the Association for Financial Professionals to individuals who are experienced in cash management and who pass an exam demonstrating their expertise. Successful applicants earn the right to use the CTP designation with their names for three years, which can improve job opportunities, professional reputation and pay. Every three years, CCM professionals must complete 36 hours of continuing education (called recertification credits) and pay a fee to continue using the designation.
BREAKING DOWN 'Certified Treasury Professional - CTP'
To work in the cash management industry, a background in finance and/or accounting is helpful. CTP applicants become experts in treasury management. CTPs should understand revenue collection, obligation payment, cash processing, reconciliation, managing current accounts, maintaining documentation, monitoring transactions, forecasting and monitoring cash flow, receiving and processing wire transfers, analyzing financial statements, and more.