What Is a Treasury Manager Job?
A treasury manager job is a finance-oriented position that involves managing a company's financial assets, liabilities, and cash flow. The main goal of a treasury manager is to ensure that a company has enough cash to operate and grow while minimizing financial risk.
What Does a Treasury Manager Do?
A treasury manager usually oversees a team of financial professionals, including cash management analysts, accountants, and financial analysts. They are responsible for creating and implementing financial strategies, managing cash and debt, and ensuring financial compliance. They work closely with senior management and other departments, such as accounting and legal, to develop and implement financial policies and procedures.
Top 5 Skills for a Treasury Manager Position
- Financial Analysis
- Risk Management
- Cash Management
- Leadership
- Communication
How to Become a Treasury Manager
To become a treasury manager, you typically need a bachelor's degree in finance, accounting, or a related field. Many treasury managers also have a master's degree in finance or business administration. Additionally, relevant work experience in accounting, finance, or treasury is preferred. Professional certifications, such as the Certified Treasury Professional (CTP) credential, can also be beneficial.
Average Salary for Treasury Managers
According to the Bureau of Labor Statistics, the median annual salary for financial managers, which includes treasury managers, was $129,890 in May 2020. However, salary can vary based on factors such as industry, company size, and location.
Roles and Types of Treasury Manager Jobs
There are various roles and types of treasury manager jobs, including cash management, debt management, risk management, and investment management. Some treasury managers work for large corporations, while others work for banks, government agencies, or non-profit organizations.
Locations with the Most Popular Treasury Manager Jobs in the USA
Some of the top locations for treasury manager jobs in the USA include New York City, Chicago, San Francisco, Houston, and Los Angeles. However, there are opportunities for treasury managers in various other locations as well.
What Are the Typical Tools Used by Treasury Managers?
Treasury managers typically use various financial tools and software, such as financial modeling software, cash management systems, and accounting software. They also use Excel for financial analysis and reporting. Additionally, they may use Bloomberg or other financial data providers to stay up-to-date on market trends and economic events.
In Conclusion
A treasury manager job can be a challenging and rewarding career in the finance industry. With the right education, experience, and skills, you can become a successful treasury manager and help your company make informed financial decisions. Whether you are interested in cash management, debt management, or risk management, there are various types and roles of treasury manager jobs available in the USA and beyond.