Treasury Manager Jobs & Career Guide

Last updated: May 22, 2024

What is a Treasury Manager?

A Treasury Manager is a senior-level executive responsible for managing an organization’s financial activities related to cash flow, corporate finance, and treasury operations. This role is crucial for maintaining the financial stability and liquidity of a company, ensuring that it has the resources needed to meet its financial obligations and strategic goals. There are ~8k dedicated treasury managers in the US whilst in some organizations the role of treasury management may fall on another financial executive as part of a broader role.

Being a treasury manager is like being the financial guardian of a company. You oversee the organization’s cash flow, manage risk exposure, and ensure financial stability. It’s a multifaceted role that demands a blend of financial expertise, strategic thinking, and relationship building. You negotiate with banks, manage foreign exchange fluctuations, and implement strategies to optimize cash flow. The best part? Knowing your decisions directly impact the company’s financial health and future growth. It’s a dynamic field, constantly evolving with new technologies and regulations. You need to be adaptable, resourceful, and a quick learner to stay ahead of the curve. But the satisfaction of safeguarding the company’s financial well-being and contributing to its success makes it incredibly rewarding.

Shrinivas Rathi, Treasury Manager at Ecolab

Key Responsibilities

Cash Management:
- Oversees the organization’s daily cash flow and liquidity management.
- Ensures optimal cash utilization and conducts short-term investing or borrowing as needed.
- Manages bank relationships and negotiates bank fees.
Financial Risk Management:
- Identifies and manages risks associated with foreign exchange, interest rates, credit, and liquidity.
- Implements risk management strategies such as hedging to mitigate financial risks.
Funding and Capital Structure:
- Manages the capital structure of the company, determining the best mix of debt, equity, and internal financing.
- Oversees the arrangement of external financing through loans, bonds, and other financial instruments.
Investment Management:
- Responsible for managing the company’s investment portfolio, making decisions about long-term investments to support the company’s financial strategy.
- Evaluates investment opportunities and oversees pension fund investments, if applicable.
Banking and Financial Relationships:
- Manages relationships with banks and other financial institutions.
- Negotiates lines of credit and other forms of corporate finance.
Financial Planning and Analysis:
- Works closely with the FP&A team to align treasury functions with broader financial planning and corporate strategies.
- Provides insights and forecasts based on cash flow trends and financial market developments.
Compliance and Corporate Governance:
- Ensures compliance with financial regulations and standards related to treasury operations.
- Implements internal controls for cash management and ensures adherence to corporate governance practices.

A Day in the Life

Here is what a typical day might look like for a treasury manager in a large software company:

8:00 AM: Start the day by reviewing global financial news, market trends, and updates relevant to the company’s operations. This includes checking on foreign exchange rates, interest rate movements, and other financial indicators that could affect the company’s cash flow and investments.
8:30 AM: Analyze daily cash position reports to assess liquidity needs and ensure there are sufficient funds available for operational requirements. Make decisions on short-term investments or borrowing based on cash flow forecasts.
9:00 AM: Meet with the treasury team to discuss key financial tasks for the day, delegate activities such as cash management, payment scheduling, and follow-ups on outstanding financial issues.
9:30 AM: Review and approve large payments or financial transactions, ensuring all transactions comply with internal policies and external regulatory requirements.
11:00 AM: Conduct a meeting with bank representatives to negotiate terms for a new line of credit or to discuss the service levels and fees for recent banking services.
12:00 PM: Lunch

1:00 PM: Participate in a strategic meeting with the finance department and senior executives to provide updates on the treasury’s contributions to financial projects, including updates on funding strategies and risk management.
2:00 PM: Work on a long-term financial strategy for upcoming product launches or expansions, assessing the capital expenditure requirements and aligning them with forecasted cash flows and funding options.
3:00 PM: Manage and assess the company’s financial risk exposure, possibly updating hedging strategies against foreign exchange or interest rate volatility to protect the company’s financial health.
4:00 PM: Review and update treasury policies and procedures, ensuring they are up to date with current financial regulations and market conditions. Prepare for upcoming audits or compliance checks.
5:00 PM: Analyze and prepare financial reports for the CFO, detailing treasury activities, performance metrics against financial goals, and any significant financial risks or opportunities.
6:00 PM: Wrap up the day by checking emails, finalizing reports, and setting up tasks for the next day.
6:30 PM: Head home or possibly attend a local professional networking event to stay connected with industry trends and peer developments.

How to Become a Treasury Manager

Obtain a Bachelor’s Degree: Start with a bachelor’s degree in finance, accounting, economics, or a related field. This foundational education is crucial for understanding financial principles.
Entry-Level Finance Position: Begin your career in an entry-level finance position, such as a financial analyst or junior accountant, where you can gain basic finance and accounting skills.
Gain Relevant Experience: Move into more focused roles such as a treasury analyst or assistant treasurer. These positions involve responsibilities like cash management, financial forecasting, and risk assessment, which are crucial for a treasury manager’s role.
Develop Key Skills: Focus on building expertise in areas such as cash flow management, investment strategies, risk management, and financial software tools. Strong analytical, decision-making, and strategic planning skills are essential.
Pursue Further Certification or Education: Enhance your qualifications by obtaining certifications such as Certified Treasury Professional (CTP) or Certified Financial Planner (CFP). Consider a Master’s in Finance or an MBA for broader business and leadership skills.
Senior Treasury Roles: After gaining substantial experience and expertise, step into senior roles like Senior Treasury Analyst or Assistant Treasurer, where you can take on leadership responsibilities and manage larger projects or teams.
Become a Treasury Manager: With extensive treasury experience and a strong track record in managing financial operations and strategies, advance to the position of Treasury Manager. Be sure to upload your resume and setup job alerts in order to find the right opportunity for you.

How Much Can You Earn as a Treasury Manager?

The average salary in the US for a treasury manager is $133,530. For more detailed insights please see our treasury manager salary guide.

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