How to hire a treasury manager

How to hire a treasury manager, step by step

Here's a step-by-step treasury manager hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a treasury manager job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new treasury manager
• Step 8: Go through the hiring process checklist

What does a treasury manager do?

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1. Identify your hiring needs

   Before you post your treasury manager job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a treasury manager for hire on a part-time basis or as a contractor.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   You should also consider the ideal background you'd like them a treasury manager to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a treasury manager that fits the bill.

   Here's a comparison of treasury manager salaries for various roles:

   Type of Treasury Manager	Description	Hourly rate
   Treasury Manager	Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.	$37-75
   Manager Finance Planning And Analysis	A manager finance planning and analysis oversees the daily operations of a company's financial planning department. They typically have administrative duties such as setting goals and guidelines, establishing timelines and budgets, delegating tasks among teams and staff, and reviewing financial reports regularly... Show more	$36-71
   Manager/Finance Accounting	A manager of finance accounting's role is to oversee the financial activities in a company or organization. Their responsibilities revolve around coordinating with other departments to gather financial data, analyze the revenues and expenditures, and develop written reports and presentations... Show more	$31-61

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Cash Management
   • Treasury
   • Foreign Exchange
   • Risk Management
   • Cash Flow
   • Treasury Operations
   • SOX
   • Bank Accounts
   • Strong Analytical
   • Internal Controls
   • Working Capital Management
   • Process Improvement
   • Financial Statements
   • Capital Markets

   Check all skills

   Responsibilities:

   • Manage Bloomberg electronic trading environment with investment banks, dealers, develop and maintain investment database and all investment/bank/treasury systems.
   • Perform balance sheet account reconciliations, account analysis, accrual calculations, and other relate accounting documents/schedules.
   • Calculate monthly depreciation expense per GAAP.
   • Ensure regulatory compliance including spearheading implementation of Sarbanes-Oxley (SOX).
   • Draft SOX documentation for FX operation; identify weaknesses and provide recommendations.
   • Streamline and improve treasury processes and applications that increase efficiency, controls and accuracy of information.

   More treasury manager duties

3. Make a budget

   Including a salary range in your treasury manager job description helps attract top candidates to the position. A treasury manager salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.

   For example, the average salary for a treasury manager in Colorado may be lower than in New York, and an entry-level treasury manager usually earns less than a senior-level treasury manager. Additionally, a treasury manager with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.

   Average treasury manager salary

   $110,139yearly

   $52.95 hourly rate

   ---

   Entry-level treasury manager salary

   $77,000 yearly salary

   Updated December 24, 2025

   Average treasury manager salary by state

   Rank	State	Avg. salary	Hourly rate
   1	New York	$130,297	$63
   2	Ohio	$127,498	$61
   3	California	$122,346	$59
   4	Missouri	$121,508	$58
   5	Connecticut	$120,594	$58
   6	Delaware	$119,582	$57
   7	Massachusetts	$119,303	$57
   8	Maryland	$118,560	$57
   9	Michigan	$115,999	$56
   10	Pennsylvania	$115,048	$55
   11	Minnesota	$113,847	$55
   12	New Jersey	$113,636	$55
   13	Rhode Island	$109,452	$53
   14	Illinois	$109,276	$53
   15	Virginia	$109,245	$53
   16	Wisconsin	$108,581	$52
   17	Washington	$108,539	$52
   18	Louisiana	$108,464	$52
   19	North Carolina	$103,516	$50
   20	Texas	$101,395	$49

   Average treasury manager salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Meta	$141,421	$67.99	36
   2	Bunge	$137,788	$66.24	9
   3	Pacific Investment Management Company LLC	$136,636	$65.69	9
   4	PayPal	$134,542	$64.68	7
   5	Google	$134,440	$64.63	5
   6	Twitter	$128,738	$61.89
   7	Mueller Water Products	$127,797	$61.44	8
   8	Bloom Energy	$126,027	$60.59	2
   9	Cornerstone	$125,849	$60.50
   10	FMC	$125,619	$60.39
   11	RGP	$124,927	$60.06	8
   12	NetApp	$124,903	$60.05
   13	Sherpa	$124,670	$59.94	9
   14	Salesforce	$123,626	$59.44
   15	Flexport	$123,529	$59.39	10
   16	Celanese	$123,258	$59.26	7
   17	VF	$122,468	$58.88
   18	Edelman Financial Engines	$122,292	$58.79	1
   19	MasterBrand Cabinets	$122,282	$58.79
   20	Henkel	$121,884	$58.60	2

4. Writing a treasury manager job description

   A treasury manager job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of a treasury manager job description:

   Treasury manager job description example

   Leading Kansas City-area manufacturing company has partnered with Morgan Hunter to identify a qualified
   Treasury Manager .
   
   Treasury Manager
   
   The Treasury Manager manages the cash flow process and company holdings, ensuring that funds are in the proper accounts in advance of disbursements. This role requires solid knowledge on the sources and uses of cash for the entire company, as well as maintaining related trend visibility for leadership. The Treasury Manager serves as main administrator for all banking setup, owns communication and reporting regarding the cash flow process, and serves as expert on the credit agreement, advising the business on reporting requirements and potential limitations in addition to periodic compliance reporting to lending partners.
   
   Responsibilities:
   Establish, manage, and develop all cash management and banking services provided to the company within the domestic operating footprint. Supports CFO with banking relationships; liaise with businesses and banks on operational projects. Oversees daily reporting on available cash activity, bank balances, ACH transfers, and other cash management related activities to corporate accounting along with the evaluation of any significant disbursements. Establish, generate, and develop cash forecasting methods and reports based on collaboration with the Accounts Payable and Accounts Receivable teams to project cash needs and availability. Provide detailed analysis on variances in cash flow, from estimates to actuals, along with any communication with internal customers and banks. Initiates and/or approves funds transfers as needed. Manage bank account security administration and maintain strong controls over bank accounts. Ongoing review and optimization of banking structures and fees; recommend and implement new banking processes and systems; assist with managing banking relationships. Communicates with the Administrative Agent of bank credit facilities to manage outstanding bank debt balances. Development of Treasury workstation and assist with maintenance including bank account management and account analysis modules. Calculates interest and fees under the credit agreement, records entries and prepares debt reconciliations. Completes periodic credit agreement compliance certificates and analysis of trends to ensure compliance. Assists with other special projects or duties as assigned.
   Qualifications:
   Bachelor’ s degree in Accounting/Finance/Economics or equivalent work experience. 8+ years of experience in Corporate Treasury, Cash Management, and/or Finance departments. Certified Treasury Professional (CTP) preferred.
   Skills and Abilities:
   Working knowledge of banking, financial regulations and general economic principles. Previous cash forecasting and modeling experience. Problem solver that utilizes excellent judgment to either make recommendations or escalate issues.
   
   About Morgan Hunter
   
   Since 1986, Morgan Hunter has served Kansas City-area employers to help them meet a range of hiring needs, from temporary staffing to direct-hire placements. Thoughtful and thorough in our approach, we’ re also responsive and efficient, creating a tailored hiring experience for both employer and job seeker – because everyone deserves to find the right fit.
   
   MH123

   Copy this example

   

5. Post your job

   To find the right treasury manager for your business, consider trying out a few different recruiting strategies:

   • Consider internal talent. One of the most important sources of talent for any company is its existing workforce.
   • Ask for referrals. Reach out to friends, family members, and current employees and ask if they know or have worked with treasury managers they would recommend.
   • Recruit at local colleges. Attend job fairs at local colleges to recruit treasury managers who meet your education requirements.
   • Social media platforms. LinkedIn, Facebook and Twitter now have more than 3.5 billion users, and you can use social media to reach potential job candidates.

   Post your job online:

   • Post your treasury manager job on Zippia to find and recruit treasury manager candidates who meet your exact specifications.
   • Use field-specific websites.
   • Post a job on free websites.

6. Interview candidates

   Recruiting treasury managers requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.

   It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new treasury manager

   Once you've selected the best treasury manager candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.

   You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.

   To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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How much does it cost to hire a treasury manager?