What Does a Treasury Manager Do?
A treasury manager manages a company’s cash, liquidity, and financial risk. They set the daily cash position, build short- and long-term cash forecasts, manage bank accounts and banking relationships, invest excess cash, track debt and loan covenants, and manage foreign exchange and interest rate exposure. Treasury managers work at mid-size and large corporations, often in a treasury group reporting to the treasurer, controller, or CFO. Most employers require a bachelor’s degree in finance, accounting, or economics and 5 or more years in treasury, corporate finance, or banking, and many prefer the Certified Treasury Professional (CTP) credential.
A few finance roles share parts of this job. A controller owns the accounting close, financial statements, and internal controls, which record what already happened, while treasury manages the cash that is coming in and going out next. A financial analyst in FP&A forecasts revenue and expense for the budget, and the treasury manager forecasts the actual cash receipts and disbursements by week. Banks also use “treasury management” for sales officers who sell cash management services to business clients, and a corporate treasury candidate who applies to that job finds a sales role.
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Hiring a Treasury Manager: What to Expect
Treasury managers come from corporate treasury analyst roles, from bank cash management and credit teams, and from public accounting or FP&A people who moved into treasury after a few years. Screen for the size and complexity of the cash they managed (one domestic bank against dozens of accounts in several countries), the treasury management system they worked in, and whether they have managed a credit facility or a hedging program. Ask them to walk through a 13-week cash forecast they built, how they compared it to actual cash each week, and what they changed when the variance grew; a candidate who has owned the forecast can name the line items that missed and why.
Treasury manager postings tend to go wrong by mixing treasury with accounting duties without saying so. Many mid-size companies post a treasury manager role that also includes the bank reconciliations, the cash entries in the general ledger, and the weekly accounts payable payments, and the experienced treasury candidates who read it assume the job is an accounting role and pass. If the role includes accounting work, list it and the share of time it takes; if it is pure treasury, say so and name the scope, from cash positioning to debt and FX.
A posting for this role should say which areas the role owns, such as investing excess cash, SOFR-based credit facilities, instant payments through FedNow or RTP, and payment fraud controls. It should also name the treasury management system and the number of banks and currencies involved.
On accounting and finance searches, 4 Corner Resources submits qualified candidates in an average of 4.5 days, clients interview an average of 1.46 candidates per hire, and we submit 1.82 candidates per hire.
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Treasury Manager Core Responsibilities
- Monitor the daily cash position across all bank accounts in the treasury management system, fund shortfalls, and move excess cash to investments
- Manage banking relationships, review account analysis statements, and negotiate service fees
- Develop and maintain a 13-week cash flow forecast and longer-term liquidity forecasts, and compare them to actual cash each week
- Oversee investment of excess cash in money market funds, Treasury bills, and other instruments the investment policy allows, and report the returns
- Maintain treasury policies and internal controls, including bank account access, payment approval limits, and segregation of duties
- Manage debt instruments and SOFR-based credit facilities, and track loan covenant compliance each quarter
- Evaluate and implement treasury technology, such as treasury management systems, bank API connections, and AI cash forecasting tools
- Support FX and interest rate hedging programs, including exposure reporting and trade confirmations
- Coordinate with accounting and AP/AR teams on bank reconciliations, cash entries, and reporting
- Set payment fraud controls, including positive pay, bank account validation for new vendors, and callback verification for payment change requests
- Manage payment rails, including ACH, wire, and instant payments through FedNow or RTP, and set the approval rules for each
- Review cash forecasts produced by AI or machine learning tools in the treasury system, and adjust them for known events before they go to the CFO
Required Skills and Qualifications
Hard skills
- Proficiency with treasury management systems such as Kyriba, SAP S/4HANA Treasury, or GTreasury
- Advanced Excel and financial modeling, including a 13-week cash flow model and covenant calculations
- Understanding of FX and interest rate risk management and of short-term investment vehicles such as money market funds and Treasury bills
- Experience managing cash flow, forecasting, and SOFR-based debt instruments
- Knowledge of treasury compliance requirements, including Nacha rules for ACH, OFAC screening for payments, and SOX controls over cash
- Experience with bank connectivity, including SWIFT, host-to-host file transfers, and bank APIs
- Ability to check AI-generated cash forecasts and variance explanations against bank data
Soft skills
- Analytical problem solving, such as tracing a forecast miss to the line items that caused it
- Clear communication with the CFO, accounting, bankers, and auditors
- Attention to detail and accuracy with payment approvals and wire instructions
- Leadership of treasury analysts and the ability to influence the AP, AR, and tax teams whose work affects cash
- Organization and time management around daily bank cutoffs and month-end deadlines
Educational requirements
Bachelor’s degree in finance, accounting, economics, or a related field
Certifications
- Certified Treasury Professional (CTP) preferred
- CPA or CFA is a plus
Preferred Qualifications
- Experience with international cash management, cash pooling, and FX risk
- Background in banking relationship strategy and treasury policy development
- Experience integrating a treasury management system with an ERP such as NetSuite, Oracle, or SAP
- Familiarity with SOX compliance in treasury operations
- Experience in industries with high transaction volumes or global reach
- Experience with a treasury management system implementation or a bank account rationalization project
How Much Does a Treasury Manager Make?
Typical national range: $99,868 to $131,403, with a national average of $119,593. Salary data reviewed October 2026 by 4 Corner Resources.
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.
Example 1: Corporate Treasury Manager
Position overview
A Corporate Treasury Manager plays a central role in managing an organization’s liquidity, banking relationships, and capital structure. This role ensures that sufficient cash is available to meet operational needs while maximizing return on excess funds. The Corporate Treasury Manager also leads efforts in optimizing working capital, overseeing financial transactions, and supporting corporate finance initiatives such as capital raising or M&A.
Responsibilities
- Oversee daily cash management and short-term funding strategies
- Lead banking relationship management and negotiate service agreements
- Monitor cash positioning, forecasts, and liquidity planning across entities
- Execute internal cash transfers and intercompany funding
- Work with accounting, tax, and FP&A to reconcile cash and tie the cash forecast to the budget
- Support financial planning initiatives involving capital structure and financing
- Administer the treasury management system, including bank connections, user access, and payment approval workflows
- Maintain internal controls over payments, including positive pay, bank account validation, and dual approval on wires
- Review AI-generated cash forecasts in the treasury management system and adjust them for known events
Requirements
Hard skills
- Expertise in corporate cash management and liquidity planning
- Strong experience with treasury systems such as Kyriba, SAP S/4HANA Treasury, or GTreasury
- Advanced understanding of capital markets and corporate finance
- Proficiency with Excel modeling and ERP integration
- Experience with SOFR-based credit facilities and covenant reporting
Soft skills
- Clear communication with accounting, tax, FP&A, and bank partners
- Attention to detail on cash balances, wire instructions, and covenant calculations
- Ability to lead treasury operations and process improvements
- Confidence in managing external banking relationships
Educational requirements
Bachelor’s degree in finance, accounting, or economics
Certifications
Certified Treasury Professional (CTP) preferred
Example 2: Treasury Risk Manager
Position overview
A Treasury Risk Manager specializes in identifying, evaluating, and mitigating financial risks related to liquidity, foreign exchange, interest rates, and counterparties. This role is vital in developing policies and tools that protect the company’s financial health against volatility in markets. Treasury Risk Managers work closely with corporate finance, tax, and accounting to ensure risk controls align with organizational goals.
Responsibilities
- Assess and monitor risks related to cash flow, currency exposure, and interest rates
- Develop and execute hedging strategies using forwards, swaps, options, and other instruments
- Maintain treasury risk models and reporting dashboards in Power BI or the treasury management system
- Work with finance and accounting to confirm that hedge positions and risk reports match the general ledger
- Conduct scenario analysis and stress testing to evaluate exposure
- Monitor compliance with risk management policies and derivatives regulations, including Dodd-Frank swap reporting requirements
- Track SOFR rates and interest rate exposure on floating-rate debt
- Evaluate credit risk of banking partners and investment counterparties
Requirements
Hard skills
- Deep knowledge of FX, IR, and commodity risk management techniques
- Experience using hedging tools and financial instruments
- Strong background in data analysis and modeling in Excel, Power BI, or Python, and in treasury risk systems
- Familiarity with hedge accounting under ASC 815 and IFRS 9
Soft skills
- Analytical thinker who explains exposure and hedge results to the CFO in plain terms
- Presents risk reports and hedge recommendations to the finance committee
- Proactive risk awareness and a control mindset
- Detail-focused with the ability to manage complex datasets
Educational requirements
Bachelor’s degree in finance, economics, or a quantitative field
Certifications
CTP preferred; CFA or FRM is a strong plus
Example 3: Investment Treasury Manager
Position overview
An Investment Treasury Manager is responsible for managing a company’s excess cash and short-term investments to optimize yield while preserving capital and maintaining liquidity. This role involves analyzing financial markets, vetting investment vehicles, and executing trades in accordance with corporate investment policy. The position also contributes to long-term cash planning and capital allocation strategies.
Responsibilities
- Evaluate and execute investment strategies for short-term corporate funds
- Manage daily investment activities in line with policy constraints
- Execute money market fund and Treasury bill trades through investment portals such as ICD or the bank’s platform
- Monitor market conditions, interest rate trends, and yield curves
- Maintain investment records and confirm compliance with SOX and internal controls
- Analyze risk-adjusted returns and performance benchmarks
- Work with FP&A, accounting, and AP to forecast cash available for investment
- Maintain relationships with brokers, banks, and financial partners
Requirements
Hard skills
- Strong understanding of money markets, fixed-income instruments, and yield analysis
- Experience with Bloomberg, money market fund portals such as ICD, or portfolio software such as Clearwater Analytics
- Knowledge of liquidity management and cash flow forecasting
- Advanced Excel and financial modeling skills
Soft skills
- Analytical thinker with investment risk awareness
- Precise and detail-oriented under time-sensitive conditions
- Clear communication with the treasurer, CFO, and investment committee
- Disciplined decisions within the investment policy, with timely reports on each trade
Educational requirements
Bachelor’s degree in finance, economics, or investment management
Certifications
CTP required; CFA preferred