What does a treasury manager do?
A treasury manager is primarily in charge of supervising the cash flow of all financial activities in a company, ensuring accuracy and efficiency. Their responsibilities typically revolve around devising strategies to optimize financial procedures, monitoring the costs and expenditures of different departments, performing audits and risk assessments, and coordinating with various offices to gather necessary financial data. Furthermore, as a financial manager, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.
Treasury manager responsibilities
Here are examples of responsibilities from real treasury manager resumes:
- 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.
- Train internal staff, external business partners, and clients on international treasury management services and applications.
- Supervise accounts receivable and payable; perform bank reconciliations; prepare and input journal entries; perform account analysis and reconciliation.
- Generate the extract files that are upload to Hyperion for the global consolidation process.
- Maintain Sarbanes-Oxley requirements and support both internal and external audits.
- Establish ROI criteria for sales promotions taking into consideration account lift, cannibalization, erosion and strategic implications.
Treasury manager skills and personality traits
We calculated that 14% of Treasury Managers are proficient in Cash Management, Treasury, and Foreign Exchange. They’re also known for soft skills such as Computer skills, Analytical skills, and Communication skills.
We break down the percentage of Treasury Managers that have these skills listed on their resume here:
- Cash Management, 14%
Implemented proactive steps to ensure the corporation's cash management activity would continue to operate during unforeseen disruptions to normal business.
- Treasury, 13%
Act as Treasury subject matter expert for corporate initiatives such as acquisitions and divestitures and finance transformation projects.
- Foreign Exchange, 4%
Initiated and executed consistent foreign exchange risk management program including management reporting, hedging activities and foreign exchange transactions.
- Risk Management, 4%
Recommended modifications to risk management practices and infrastructures to enhance the efficiency and effectiveness of business processes and risk management programs.
- Cash Flow, 4%
Worked cross-functionally with multiple departments to forecast cash flow and propose investment plan to achieve capital efficiency and maximize investment income.
- Treasury Operations, 3%
Review, document and improve procedures related to treasury operations and internal controls.
Most treasury managers use their skills in "cash management," "treasury," and "foreign exchange" to do their jobs. You can find more detail on essential treasury manager responsibilities here:
Analytical skills. Many treasury manager duties rely on analytical skills. "to assist executives in making decisions, financial managers need to evaluate data and information that affects their organization.," so a treasury manager will need this skill often in their role. This resume example is just one of many ways treasury manager responsibilities rely on analytical skills: "developed finance functions rfp analysis for new erp system. "
Communication skills. Another skill that relates to the job responsibilities of treasury managers is communication skills. This skill is critical to many everyday treasury manager duties, as "financial managers must be able to explain and justify complex financial transactions." This example from a resume shows how this skill is used: "facilitated communication with internal and external auditors for multi-year audits. "
Detail oriented. A big part of what treasury managers do relies on "detail oriented." You can see how essential it is to treasury manager responsibilities because "in preparing and analyzing reports, such as balance sheets and income statements, financial managers must be precise and attentive to their work in order to avoid errors." Here's an example of how this skill is used from a resume that represents typical treasury manager tasks: "prepared financial statements & notes for two $1b treasury entities and explained transaction details to auditors. "
Math skills. Another common skill required for treasury manager responsibilities is "math skills." This skill comes up in the duties of treasury managers all the time, as "financial managers need strong skills in certain branches of mathematics, including algebra." An excerpt from a real treasury manager resume shows how this skill is central to what a treasury manager does: "calculated cash flow analysis and business unit performance statistics for all international businesses. "
Organizational skills. While "organizational skills" is last on this skills list, don't underestimate its importance to treasury manager responsibilities. Much of what a treasury manager does relies on this skill, seeing as "because financial managers deal with a range of information and documents, they must have structures in place to be effective in their work." Here is a resume example of how this skill is used in the everyday duties of treasury managers: "established treasury operations for western europe including major processes, governance and controls as well as organizational structure and technology. "
The three companies that hire the most treasury managers are:
- Cornerstone49 treasury managers jobs
- Pwc33 treasury managers jobs
- Bank of America11 treasury managers jobs
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Compare different treasury managers
Treasury manager vs. 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. They also perform research and assessments, gather and analyze financial data from different departments, coordinate staff, and solve issues and concerns when any arise. Additionally, as a manager, they must lead and empower staff to reach goals while implementing company policies and regulations.
These skill sets are where the common ground ends though. The responsibilities of a treasury manager are more likely to require skills like "cash management," "foreign exchange," "risk management," and "treasury operations." On the other hand, a job as a manager finance planning and analysis requires skills like "financial performance," "customer service," "financial models," and "visualization." As you can see, what employees do in each career varies considerably.
Managers finance planning and analysis tend to make the most money working in the manufacturing industry, where they earn an average salary of $109,735. In contrast, treasury managers make the biggest average salary, $110,597, in the automotive industry.managers finance planning and analysis tend to reach similar levels of education than treasury managers. In fact, managers finance planning and analysis are 1.4% more likely to graduate with a Master's Degree and 0.0% more likely to have a Doctoral Degree.Treasury manager vs. 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. A manager of finance accounting must also maintain accurate financial records, identify any errors or inconsistencies, and perform support tasks for staff when necessary. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.
In addition to the difference in salary, there are some other key differences worth noting. For example, treasury manager responsibilities are more likely to require skills like "foreign exchange," "risk management," "treasury operations," and "capital markets." Meanwhile, a manager/finance accounting has duties that require skills in areas such as "customer service," "cpa," "hr," and "account reconciliations." These differences highlight just how different the day-to-day in each role looks.
On average, managers/finance accounting earn a lower salary than treasury managers. Some industries support higher salaries in each profession. Interestingly enough, managers/finance accounting earn the most pay in the government industry with an average salary of $92,198. Whereas treasury managers have higher pay in the automotive industry, with an average salary of $110,597.In general, managers/finance accounting achieve similar levels of education than treasury managers. They're 3.7% less likely to obtain a Master's Degree while being 0.0% less likely to earn a Doctoral Degree.Treasury manager vs. Business manager-finance manager
A business manager/finance manager is responsible for handling the financial transactions of an organization, analyzing financial reports, and monitor investment activities. Business managers/finance managers strategize effective techniques to boost the organization's financial performance and identify business opportunities to increase revenues. They also prepare financial statements and assist senior management in making corporate decisions by conducting data and statistical analysis by studying market trends. A business manager/finance manager must have excellent critical thinking and analytical skills, especially in calculating costs and expenses to minimize the company's loss and stabilize profits.
Some important key differences between the two careers include a few of the skills necessary to fulfill the responsibilities of each. Some examples from treasury manager resumes include skills like "treasury," "foreign exchange," "risk management," and "treasury operations," whereas a business manager-finance manager is more likely to list skills in "project management," "financial management," "oversight," and "financial performance. "
Business manager-finance managers earn the highest salary when working in the finance industry, where they receive an average salary of $115,910. Comparatively, treasury managers have the highest earning potential in the automotive industry, with an average salary of $110,597.Most business manager-finance managers achieve a similar degree level compared to treasury managers. For example, they're 2.7% less likely to graduate with a Master's Degree, and 0.3% less likely to earn a Doctoral Degree.Treasury manager vs. Finance center manager
The duties of a finance center manager depend on one's place or industry of employment. Typically, they are responsible for overseeing the operations of a financial center, ensuring everything is running smoothly. They are also responsible for performing clerical tasks such as producing progress reports and presentations, managing schedules, setting goals and deadlines, processing documents, and maintaining data and records of all financial activities. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.
Types of treasury manager
Updated January 8, 2025
