Treasury Manager Salary
Job Description for Treasury Manager
Treasury managers are in charge of overseeing financial transactions for their organization. In addition, they are responsible for reporting accounts activities. These managers must ensure proper auditing procedures and cash reconciliation, update money totals, and give variance reporting to executive in their organization. They also review regular cash forecasts, and provide financial analysis to their organization, take a lead position when dealing with pricing contracts, and follow departmental privacy procedures. At all times, treasury managers must strive to uphold current treasury standards and security policies.Read More...
These managers typically work in an office environment with other financial professionals. In this setting, they manage bank relationships, obtain contracts that benefit their company, review/approve electronic transfers, and train other personnel on how to handle financial data. They also initiate financial transactions and follow specific protocols to ensure customer satisfaction. Most of the time, treasury managers recommend cash management process modifications and work to implement new, more efficient managing techniques.
Successful treasury managers are able to adapt to changes quickly, handle confidential data with care, and have the management skills to lead a group of financial experts. They must possess excellent verbal and written communications abilities, work well with other managers, and provide information to other departments within their organization. Treasury managers should be highly organized and results-oriented.
A bachelor's degree in finance, business, or a related field is needed for this position. Previous experience in a similar position is generally preferred.
Treasury Manager Tasks
- Monitor and report on available cash, cash flow, and financial forecasts day to day and periodically.
- Coordinate with external financial institutions to establish and maintain accounts and awareness.
- Research and report on financial, regulatory, and legal changes that affect organization's environment.
- Support and monitor treasury, insurance, and credit tracking.
Common Career Paths for Treasury Manager
Many Treasury Managers move into a Treasury Director role, and folks who currently hold that position report a much higher median income of $129K per year. Given that the median pay is $77K, it may be surprising to find that an Assistant Treasurer is the most common role for Treasury Managers to subsequently assume on their way up the ladder. Transitioning into a Top Corporate Treasurer role — which pays $101K — is also typical for Treasury Managers, though less common by comparison.
Treasury Manager Job Listings
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Popular Skills for Treasury Manager
Treasury Managers report using a pretty varied skill set on the job. Most notably, skills in Foreign Currency Transactions, Forecasting, Investment Management, and Data Analysis are correlated to pay that is above average. Those proficient in Banking are, more often than not, also skilled in Financial Analysis.
Pay by Experience Level for Treasury Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience does not seem to be a strong driver of pay increase in this role. The average beginner in this position makes around $75K, but folks who have been around for five to 10 years see a markedly higher median salary of $95K. Treasury Managers see a median salary of $97K after reaching one to two decades on the job. Treasury Managers with more than 20 years of experience report incomes that are no higher than those with 10 to 20 years on the job.
Pay Difference by Location
For Treasury Managers, San Jose provides a pay rate that is 35 percent greater than the national average. Treasury Managers can also look forward to large paychecks in cities like San Francisco (+28 percent), Seattle (+28 percent), Houston (+19 percent), and Milwaukee (+17 percent). The lowest-paying market is Charlotte, which sits 15 percent below the national average. On the whole, employers pay 6 percent below the median salary for those in this field in Philadelphia and Miami.