Treasury Manager Job Descriptions, Average Salary, Interview Questions

What Does a Treasury Manager Do?

A treasury manager is responsible for managing the financial and monetary aspects of a business, which includes cash flow, liquidity, funding, and relationships with financial institutions. They must understand financial markets, the economics of the business, and the associated financial risks. They must also be able to develop and maintain healthy and productive relationships with banks and other funding sources to secure the most favorable terms for the business. Additionally, they may be involved in capital planning, debt management, and creating strategies to optimize a company’s spending and budgeting.

Successful treasury managers are analytical thinkers, adept at quickly and accurately calculating numbers, and familiar with spreadsheets. A solid understanding of accounting rules and government policy is needed as they are likely to work regularly with accounting software and similar programs.

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National Average Salary

Treasury manager salaries vary by experience, industry, organization size, and geography. Click below to explore salaries by local market.

The average national salary for a Treasury Manager is:

$119,593

Treasury Manager Job Descriptions

Crafting the perfect job description may be the key to finding an exceptional treasury manager. To help you with your recruiting search, our team has put together some examples from past openings.

Candidate Certifications to Look For

  • CTP. The Certified Treasury Professional demonstrates a candidate’s ability to hold a position in financial leadership with confidence. They’ll be taught a comprehensive understanding and knowledge of corporate treasury management. Candidates need to renew this certification every three years, and they’ll need a few years of education and work experience in order to qualify.
  • CPA. The Certified Public Accountant must pass a national exam showing their eligibility to be licensed in any state of their choosing. This certification will show the holder to be an upstanding candidate, capable of making ethical and professional decisions as they relate to the accounting world. Becoming a CPA is an excellent first step in a candidate’s journey into any financial position.
  • CFA. The Chartered Financial Analyst is known as the definitive standard by which to measure the integrity and competence of serious investment professionals. This will go a long way in demonstrating a candidate’s ability to critically think about any problems and solutions as they relate to the financial world.
  • CMA. The Certified Management Accountant is a high level certification that should be obtained by candidates seeking to move to advanced and senior positions within companies. They’ll be tested on the specific measurements of financial and accounting management skills. Candidates will need to renew this certification yearly, but it’s well worth it to bolster their resume should they be reaching for a high level management position within finance.
  • CMBA. The Certified Master of Business Administration is a post-graduate certification that is highly valued in the business and finance world. Candidates will be taught the core fundamentals of business and propel them further in their careers. MBAs can be obtained at many accredited colleges and universities and can create an incredibly valuable return for the time and cost invested.

How to Hire a Treasury Manager

There are a number of important initial considerations when hiring a treasury manager:

  • Recruiting: Do you have the knowledge, tools, and resources to attract and screen candidates?
  • Complexity: Do you need a senior professional, or will mid or junior-level skills and experience suffice?
  • Duration: Are you hiring for a project or an ongoing need?
  • Urgency: How soon does the opening need to be filled? What happens while it remains open?
  • Headcount: Do you have the budget and approval for an internal employee, or should you consider alternate options?

Answering these questions will help determine the best course of action for your current hiring need. Fortunately, great options exist for every scenario. These are our recommendations:

1. Use 4 Corner Resources (or another professional recruiting firm)

The heavy lifting is done for you when working with a top-tier staffing company like 4 Corner Resources. We source, screen, recruit, and deliver only the most qualified candidate(s), saving you significant time and effort throughout the hiring process while you remain focused on your core business. Understanding your needs and ensuring the right candidate for the position is the key to our success.

This is the best route to take when:

  • You need to fill the position quickly
  • You want access to a vast talent pool of high-quality, prescreened candidates
  • Your position is suited for temporary hiring services, contract staffing, or contract-to-hire recruiting, and you intend to direct the work activity.
  • You are hiring an employee as a direct placement but aren’t able to recruit effectively or efficiently with your internal staff. 
  • You aren’t familiar with current salary rates, market trends, and available skill sets
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2. Advertise your opening on a top job board

Your best option may be to advertise your opening on a proven job board. There are many widely used job sites out there that draw visits from qualified candidates. If you have someone internally who can dedicate the time and energy to sort through applications and screen individuals effectively, this can be a great choice. 

We recommend using a job board when:

  • Your internal recruiting team has the knowledge and experience to assess candidate qualifications
  • You are hiring a direct employee and have time to manage the entire recruiting effort 
  • You have a process for receiving, screening, and tracking all resumes and applications
  • You are prepared to respond to all applicants

We recommend CareerBuilder when hiring a treasury manager:

CareerBuilder

CareerBuilder has been a trusted source for hiring since 1995. Reach 80+ million unique, diverse U.S. job seekers annually by posting your jobs through their talent acquisition channels. Through CareerBuilder, you can engage candidates and drive them into your sourcing pipeline. We recommend using CareerBuilder for hiring when you have the internal resources and processes to review, screen, and reply to all applicants.

3. Leverage your professional network

You can utilize your own website, social media, and employees to assist in your search for top candidates. 

A company website posting should be the first step in notifying prospective candidates that you are hiring. Social media can also be a powerful tool for spreading the word about your new opening. As far as exposure is concerned, this option can be as good as some job boards when you have a large enough following across various platforms, like LinkedIn, Instagram, Facebook, TikTok, and Twitter.

Current employees are every organization’s greatest asset. Encourage your internal team to promote job openings to their network by offering cash and other incentives.

We recommend these options when:

  • Your brand has great name recognition
  • You can consistently monitor and respond to candidate activity through your website and social media accounts
  • You have a process in place to quickly and broadly communicate job openings and requirements
  • You have an effective employee referral program in place

If you aren’t sure which path is best, schedule a discovery call today with our seasoned recruiting professionals. The 4 Corner team is on standby to help you find the best option for your unique hiring need.

Sample Interview Questions

  • Describe your experience with cash management, budgeting, and forecasting.
  • What methods do you use to mitigate financial risks?
  • Describe a time when you had to make a significant financial decision.
  • Tell me about your experience with hedging.
  • Please outline your experience with risk management. 
  • Describe your experience negotiating financing agreements.
  • What resources do you use to follow trends in accounting and finance?
  • What steps do you take to minimize errors in your work?
  • Have you had to deal with a financial crisis? Please describe the experience and how you managed it.
  • What are some ways you’ve secured capital investments?
  • Tell me about a financial policy you designed and/or implemented. What was it, and what was the result?
  • How would you communicate complex financial information and ensure it is understood?
  • What do you think are some of the major challenges the accounting industry faces?

Need Help Hiring a Treasury Manager?

We match top professionals with great employers across the country. From filling urgent job openings to developing long-term hiring strategies, our team is here to help. Review our staffing solutions, browse our award-winning Staffing Corner blog, or call today. We look forward to connecting with you soon.