Treasury Manager Job Descriptions, Average Salary, Interview Questions

Currently seeking a Treasury Manager who will lead the relationships with the companies banks/lenders, implement and manage cash forecasting models, ensure sufficient funds are available to meet ongoing operational requirements, secure financial operations by monitoring and approving financial processing, manage numerous impress and trust accounts, and support key controls.

Responsibilities for the treasury manager

• Maintain banking relationships and identify opportunities to better utilize the organization’s bank services
• Monitoring the cash management process and determine accuracy of cash reporting
• Track and report on operating/capital leases, credit line usage, and letters of credit
• Maintain cash flow by managing cash forecasting models and monitoring bank balances and cash requirements
• Approve ledger entries by auditing transactions
• Support annual audits by providing information and responses to auditors
• Manage and accurately complete periodic bank exams and appraisals
• Ensure compliance with weekly and monthly collateral reporting
• Completion of all activities in StuckyNet, daily, weekly, and monthly
• Ensure compliance with bank credit agreement(s)

Requirements for the treasury manager

• A high school diploma or GED is required
• Bachelor’s Degree in Accounting, Business Administration, Economics, Finance, or related discipline; in the absence of a degree, directly related job experience serving in a treasury role, where a number of years and proven knowledge may offset the degree requirement
• Minimum of at least 2 years of progressively responsible treasury management experience
• Manufacturing/product-based industry experience preferred
• ERPR experience, NetSuite preferred
• Strong financial acumen and knowledge of financial processes
• Ability to work collaboratively across departmental functions
• Strong analytical, conceptual, and planning skills are required
• Ability to communicate effectively at all levels of the organization
• Ability to work under pressure and show evidence of creative thinking as well as the ability to handle complex problems in a timely manner
• Proficient in Microsoft Office Suite
• Excellent written and verbal communication skills

Purpose of the job

The Treasury Manager is integral to the strategy, execution, and reporting of cash flow, debt, and hedging of the Global business. The Treasury Manager is also critical in day-to-day Treasury operations. This position reports to the Treasurer and works closely with all Finance functions (Accounting, AP, AR, Tax, Payroll, FP&A, International Finance Staffs), other internal constituents (such as Procurement, Legal, Operations, IT), and external parties (particularly banking partners).

Key responsibilities (essential job functions)

• Manage and enhance the rolling 13-week cash flow forecast process
• Manage foreign exchange, commodity, and interest rate risk management programs. Includes analyzing exposures, recommending hedge positions, placing trades and/or confirming the terms and conditions with counterparties, and reporting
• Manage Intercompany transactions and borrowing processes, reporting, and documentation
• Perform Treasury Operations activities including:
• Process transactions
• Administer banking and other Treasury systems
• Manage bank related documentation
• Prepare month-end reporting
• Investigate and resolve bank and payment issues
• Recommend and support the execution of financing and working capital improvement plans
• Partner with various teams to optimize the global banking and cash management structure and processes
• Prepare presentations for executives, lenders, rating agencies, etc.
• Support M&A, Capital Investment, and other corporate initiatives
• Support special projects and other duties as assigned

Qualifications

• Bachelor’s degree in Finance or Accounting or equivalent required, MBA preferred
• 5+ years of experience in Corporate Treasury, preferably at a multinational company
• Designation as a Certified Treasury Professional (CTP) desirable
• Excellent communication and presentation skills
• Strong analytical skills with advanced spreadsheet and financial modeling capabilities
• Controls and process mindset with an attention to detail and accuracy
• Eagerness to learn and continuously improve processes
• Project management experience

The Treasury Manager is responsible for ensuring an appropriate management of company’s financial resources, optimizing return and following the guidelines defined by the Board of Directors. The holder of this job reports directly to the Director of Financial Planning & Investor Relations. The position requires excellent communication and interpersonal skills. It also requires the ability to manage relationships outside the company.

Responsibilities

• Ensure the company meets its cash needs, including projects and subsidiaries, tracking cash flows of all LLCs, defining guidelines, and procedures along with other departments that demand any type of payments, and negotiating limits, products, and services with banks and lenders
• Maximize returns on the company’s cash balance, defining policies for the opening of new bank accounts, consolidating resources, guaranteeing minimum liquidity and best allocation of available cash accordingly to the company’s investment policy
• Ensure security of financial transactions, defining policies, procedures and controls and validating corporate documents that grant power to the approvers
• Ensure an adequate and reliable report of the company’s financial information regarding cash balance and capital management and compliance with guidelines
• Support Cash Flow analysis, cash generation, and liquidity calculation
• Monitor credit and financial markets, tracking rates on new transactions and supporting funding decisions
• Develop a strong relationship with banks, lenders, and JV partners and ensure financial contracts are up-to-date and all financial obligations are met

Qualifications

• Bachelor’s degree in business management administration, economy, finance, accounting or a related field
• Minimum of 1-year experience in a leadership position in Treasury
• An equivalent combination of education and experience that provides the required knowledge, skills, and abilities may be acceptable

Knowledge and skills

• Deep knowledge and understanding of cash management
• Advanced knowledge of financial principles and statements
• Intimately familiar with investments, funds, and financial transactions
• A good understanding of derivatives and financial KPIs
• A professional who is also entrepreneurial and analytical
• Ability to lead team members; managerial skills
• Must be able to perform in a high-pressure environment, and be able to meet tight deadlines
• Very good communication skills