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How to become a treasury manager

Young female employee, enjoying her work

Treasury management can be a very rewarding and interesting career, ideal for those who want to shape the future of an organisation’s financial strategy.

Sounds like something you’d be interested in? Here’s some more information to help you decide if it’s for you.

What does a treasury manager do?

Treasury managers are essential in providing financing and treasury advice. In many cases they manage the short term investment portfolio, ensuring that cash flow is maintained efficiently.

The role may include:

  • managing day-to-day treasury activities to meet the financial obligations of the organisation
  • performing duties related to cash flow, borrowings, debt, and capital management
  • allocating cash balances
  • maintaining investment records
  • preparing expense and earning forecasts
  • ensuring policies and procedures meet the organisation's objectives, needs, and regulatory body requirements
  • designing and proposing treasury policies and procedures
  • determining procurement of funds
  • monitoring investments and collections

A treasury manager will also manage a team so will action personnel and HR duties.

How much can a treasury manager earn?

As with most management positions, a treasury manager can expect a pretty good salary. The UK average for this role is £67,708* per year but can vary depending on location and experience. London salaries for this position are closer to £80,000-£100,000 per year, and senior positions can command salaries in excess of £150,000** per year.

What skills do I need to become a treasury manager?

You will need to have strong planning and analysis skills, and experience with the way corporations raise, hold, manage, borrow, and invest cash. You’ll also need the ability to thrive in a business partner environment and have proven experience of explaining financial figures to key stakeholders such as the Head of Treasury. So you’ll also need to be personable and have strong communication skills.

Top skills for treasury managers:

  • good with numbers
  • problem solving
  • good at strategic thinking and planning
  • curious about the wider business with a desire to be in a pivotal role
  • open to variety and challenge
  • attention to detail
  • driven, hardworking and self-motivating
  • outgoing and sociable
  • good communication
  • confident to work with people at all levels and from different fields
  • financial risk averse and confident in handling risk

What qualifications do I need to be a treasury manager?

You will need to have a degree in a relevant field - such as accountancy, business studies, economics, maths, or finance.

You’ll then need to have an accountancy qualification. ACCA is ideal as it is closely linked with treasury - especially the financial reporting and financial management exams.

After ACCA, you will also need to have passed professional qualifications administered by the Association of Corporate Treasurers (ACT).

Interested in treasury, or ready for your next career move?

Whether you’re already on your path to become a treasury manager or just starting out, have a look at our ACCA pages where you’ll find more information about accounting and what you’ll need to achieve to get into it.

*https://www.reed.co.uk/average-salary/average-treasury-manager-salary
**https://www.prospects.ac.uk/job-profiles/corporate-treasurer

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