UK

United Kingdom · Finance · Senior (5-8 years)

Treasury Manager

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  • Experience bandSenior (5-8 years)
  • Direct reportsNo direct reports
  • Reports toDirector of Treasury
  • UK framework levelUsually a professional owning their own work, or leading a small team

Also advertised as Senior Treasury Analyst · Cash Manager · Risk Manager (Treasury)

Built on 43,079 real UK job descriptions we analysed · grounded in what real qualifications cover

Two short quizzes about you

1From this job to a course

The future skills this job leans on

AI Fluency working with AI as a thinking partner
Data Fluency turning numbers into a decision
Change Fluency taking people through change
Trust Fluency keeping the digital world safe

2AI and this work

Will AI change your work as a Treasury Manager?

Nobody can say exactly how. Here is what this job is being asked for next, and where to start.

The new skills this role is being asked for

  • Prompt Engineering & LLM Integration
  • Real-time Liquidity APIs & Data Integration
Why each one is rising

The future skills this job leans on

We'll only ever tell you what we can actually back up. No hype, no scare tactics.

What happens when you start

Next, a free account. We build your Treasury Manager plan as you set up, starting with the free AI Fluency module. No card.

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3What this role really is

A Treasury Manager keeps a company's cash flowing, managing liquidity so there's always enough to pay the bills without cash sitting idle.

4What you'd actually use

The tools this job runs on, and how well you'd need to know each one.

Treasury Management System (TMS) - Kyriba, FIS Quantum, or ION Treasury Advanced

You'll be configuring reports, managing static data like bank accounts, troubleshooting reconciliation issues, and training junior staff on how to use the system effectively. You'll also pull detailed reports for analysis.

ERP System - SAP S/4HANA or Oracle NetSuite Advanced

You'll understand the end-to-end data flow related to cash and treasury, design custom reports, and help IT troubleshoot integration failures between the TMS and ERP. You'll be pulling GL data and investigating AP/AR entries.

Market Data Terminals - Bloomberg Terminal or Refinitiv Eikon Advanced

You'll use these terminals for scenario analysis, derivative pricing (e.g., using `OVML` in Bloomberg), and monitoring counterparty credit ratings. You'll be pulling current FX spot/forward rates and interest rate curves to inform decisions.

Bank Portals & SWIFT - J.P. Morgan Access, CitiDirect BE, or Bank of America CashPro Expert

You'll be managing user entitlements and security within these portals, onboarding new bank platforms, and leading smaller bank connectivity projects (e.g., Host-to-Host setup). You'll process wires, ACH, and understand SWIFT message types like MT101 and MT940 inside out.

BI & Visualization - Tableau or Power BI Advanced

You'll be building new dashboards to track key performance indicators (KPIs) like cash forecast accuracy, bank fees, and FX exposure. This means connecting directly to TMS/ERP data sources and presenting clear visualisations to stakeholders.

Financial Planning Tools - Anaplan or Workday Adaptive Planning Intermediate

You'll collaborate with the FP&A team to build integrated, driver-based cash flow forecast models within these platforms. You'll input treasury-specific assumptions like interest rates and debt schedules.

Advanced Excel Expert

You're a master of Power Query, VLOOKUP/XLOOKUP, Pivot Tables, and complex nested formulas for data manipulation and ad-hoc analysis. You'll build complex financial models from scratch for things like debt covenant analysis or FX hedging scenarios, and you might even maintain some VBA macros.

5What you get to decide, and how that grows

Power in a job isn't your title. It's what you're allowed to decide. Here's how it grows as you move up.

The choiceComing in Where you are nowThe step above
Daily Cash Management & Investments Executes pre-approved investment instructions; escalates any deviation or unusual cash position. Independently manages daily cash positioning within defined parameters; proposes short-term investment options. Has full authority to invest surplus cash or draw on credit lines within approved treasury policy and limits; consults Director on significant market shifts or policy exceptions.
FX Hedging Execution Prepares exposure reports; assists with trade confirmations. Calculates and proposes hedge amounts based on policy; executes smaller, routine FX spot trades under supervision. Executes approved FX forward or swap trades for identified exposures within limits; recommends adjustments to hedging strategy based on market views, requiring Director's input.
Bank Relationship Management Processes transactions via bank portals; logs service issues. Manages day-to-day operational queries with banking partners; troubleshoots payment issues. Acts as primary operational contact for core banks; leads discussions on service levels and routine fee reviews; recommends new banking services or partners, requiring Director's approval.
Process Improvement & Automation Identifies manual tasks; suggests minor improvements. Proposes and implements small process improvements within their own tasks (e.g., Excel automation). Designs and leads implementation of significant process improvements or small system enhancements (e.g., new TMS report, enhanced reconciliation process); consults Director on resource needs or budget over £10K.

6How you'll be judged

The scoreboard, and what is not on it. The hard targets, how often each is actually looked at, and the quiet signals that never reach a dashboard.

13-Week Cash Flow Forecast Accuracy
How close your weekly cash flow predictions are to what actually happens.
Target · Achieve +/- 5% accuracy on a rolling 4-week basis for net cash flow.

If your forecast for next week's net cash flow was £1M, and the actual was £1.03M, that's a 3% variance – a good result.

Bank Fee Reduction
The amount we manage to reduce our banking service charges and transaction costs.
Target · Reduce controllable bank fees by 5% year-over-year.

Negotiating a better rate on our payment processing fees, saving £5,000 annually, would contribute to this target.

Idle Cash Reduction
Minimising the amount of cash sitting in non-interest-bearing accounts.
Target · Decrease average daily non-invested cash balance by 10% through efficient cash pooling and short-term investments.

If we typically have £2M sitting idle, reducing that to £1.8M means £200,000 more earning interest, which is real money.

Payment Processing Error Rate
The percentage of payments (wires, ACH, Bacs) that fail or require manual intervention due to incorrect data or process issues.
Target · Maintain an error rate of less than 0.05% of total payments processed.

Out of 10,000 payments, ideally, you'd have no more than 5 errors. Catching a mis-typed sort code before a payment bounces is key here.

Operational Efficiency & Process Improvement
How well you identify and implement changes that make our treasury operations smoother, faster, and less prone to errors.
  • You'll be proactively suggesting and leading small projects to automate manual tasks, streamline reconciliation processes, or improve data flow. We'd see a reduction in time spent on routine tasks, perhaps fewer manual journal entries, or a new dashboard that makes reporting easier.
Stakeholder Collaboration & Influence
Your ability to work effectively with other teams (like FP&A, Accounting, or even our subsidiaries) to get the information you need and help them understand treasury's perspective.
  • Other teams will come to you for advice on cash-related matters. You'll be seen as a helpful, knowledgeable partner, not just someone who demands data. Feedback from internal partners will highlight your clear communication and problem-solving approach. You're not just collecting forecasts
  • you're challenging them constructively.
Risk Identification & Mitigation
Your knack for spotting potential financial risks (liquidity, FX, interest rate) before they become big problems and proposing sensible ways to deal with them.
  • You'll bring potential risks to the Director's attention early, along with well-thought-out options for mitigation. This might involve flagging a new market volatility trend, a potential breach of a debt covenant, or a change in a banking partner's credit rating. It's about being proactive, not reactive.

7Would you like it

Both sides. What people enjoy, and what grinds them down.

What people enjoy
Problem-Solving & Impact

You'll get a real kick out of unpicking a complex cash flow discrepancy or figuring out the optimal way to structure a short-term investment. Seeing your solutions directly contribute to the company's financial stability and efficiency will be genuinely satisfying.

Successfully reconciling a tricky bank statement variance that's been bugging the team for days, or finding a way to reduce our daily idle cash by £500K.

Operational Excellence

You'll thrive on building and refining robust processes. The idea of creating a smooth, error-free workflow for payments or cash reporting will genuinely excite you. You like things to run efficiently.

Implementing a new automated report that saves the team 2 hours every morning, or updating a payment process to reduce manual errors.

Continuous Learning & Market Awareness

The financial markets are always moving, and regulations change. You'll enjoy staying on top of market trends, new financial instruments, and regulatory shifts, seeing them as opportunities to improve our treasury function.

Researching a new money market fund option or understanding the implications of a new SWIFT message type for our operations.

What frustrates people
  • The 'Garbage In, Garbage Out' Forecast: Spending 80% of your time trying to correct and consolidate wildly inaccurate cash forecasts from business units, which makes your actual job of managing liquidity incredibly difficult.
  • The 'Urgent' Last-Minute Wire: Getting a frantic call at 4:45 PM for an un-forecasted, multi-million pound payment that absolutely must go out today, forcing you to break an investment or incur penalties.
  • Explaining Mark-to-Market Losses: Trying to convince a non-finance person (or even some finance people) that the £2M 'loss' on the P&L from a fuel hedge is actually a good thing because it offset a £5M increase in actual fuel costs.
  • The Bank Fee Whack-a-Mole: Successfully negotiating a 10% reduction in analysis fees, only to see three new 'service charges' mysteriously appear on the next month's statement.
  • Being the 'Department of No': Having to be the voice of financial reality, explaining to an enthusiastic project team why their plan is unfundable or why their FX assumptions are unrealistic. It's not always popular, but it's necessary.
  • TMS vs. ERP Reconciliation Hell: The soul-crushing task of spending the first few days of month-end trying to find that £47.18 discrepancy between the Treasury Management System and the ERP General Ledger. It happens more often than you'd think.
What this role does not give you
  • A completely predictable, routine work schedule – expect curveballs.
  • Full control over all cash-generating or cash-spending activities in the business.
  • A role where you only deal with perfect, clean data.
  • Immediate gratification on every project; some initiatives take a long time to bear fruit.

8Who you work with

This role directly impacts our daily liquidity, short-term investment returns, and exposure to financial risks like currency fluctuations. Get it right, and we save money and avoid headaches. Get it wrong, and we could face significant financial penalties, missed payments, or even reputational damage. It's about ensuring financial stability and protecting our assets, honestly.

Inside the business
  • Director of Treasury (for strategic alignment and escalations)
  • Financial Planning & Analysis (FP&A) Team (for cash flow forecasting inputs)
  • Accounting Team (for month-end close and reconciliations)
  • Accounts Payable & Receivable Teams (for working capital optimisation)
  • Subsidiary Finance Managers (for local cash management and reporting)
Outside the business
  • Banking Partners (for daily operations, fees, and service levels)
  • Market Data Providers (Bloomberg, Refinitiv Eikon)
  • External Auditors (for controls and compliance reviews)

9What you need before you start

Not a wish list. The things you would be expected to already have.

  • A minimum of 5 years of progressive experience in a corporate treasury or finance role, with at least 2-3 years directly managing cash or risk operations.
  • Proven experience in building and managing detailed cash flow forecasts for a medium-to-large organisation.
  • Hands-on experience with at least one major Treasury Management System (e.g., Kyriba, FIS Quantum) and a major ERP (e.g., SAP, Oracle).
  • Demonstrable experience in managing banking relationships and understanding bank fee structures.
  • A solid grasp of financial derivatives (forwards, swaps) and their application in hedging strategies.
  • Excellent Excel modelling skills, including Power Query and advanced formulas. You should be able to build a complex financial model from scratch.
  • A strong understanding of internal controls and compliance requirements within a finance function.

10What to practise next

Where the job is going, and what to do about it starting this week.

Advanced TMS Optimisation

We've invested in our TMS, and we need to get the absolute most out of it. This means moving beyond standard reporting and basic functionalities to really customising it to our specific needs, automating more processes, and ensuring seamless integration with other systems.

Custom Report Development · Workflow Automation · TMS-ERP Integration Deep Dive · Module Specialisation

  • This week: Review our current TMS usage. What manual tasks are we still doing that the system could handle?
  • This month: Take advantage of any vendor-provided advanced training or webinars for our specific TMS. Focus on customisation and automation features.
  • Month 2: Propose and lead a small project to automate one manual treasury process using existing TMS capabilities.
  • Month 3: Document our current TMS capabilities and identify 3-5 areas where we could get more value from the system.

Quick win: Identify one recurring, manual report you produce from the TMS and figure out how to automate it or build it as a custom report within the system.

ESG (Environmental, Social, Governance) in Treasury

Investors, regulators, and even employees are increasingly focused on ESG factors. Treasury is no exception. This means understanding how ESG impacts our funding, investments, and risk management, and being able to articulate our company's approach.

Sustainable Finance Products · ESG Rating Agencies · Climate Risk Integration · ESG Reporting for Treasury

  • This week: Read a few articles on 'sustainable finance' or 'green bonds' to get a basic understanding.
  • This month: Identify any of our existing banking partners who offer ESG-linked products or advice. Schedule a call to learn more.
  • Month 2: Work with our Corporate Social Responsibility (CSR) or Sustainability team to understand our company's overall ESG strategy and how treasury can contribute.
  • Month 3: Begin to think about how ESG factors could be integrated into our investment policy or funding strategy, even if it's just a small step.

Quick win: Simply start asking questions about ESG in your discussions with banking partners or internal finance teams. Show curiosity about how it impacts our financial decisions.

11Staying current once you are in

What people here do to keep up
  • Regularly attending industry webinars and conferences (e.g., EuroFinance, ACT Annual Conference) to stay current on market trends and best practices.
  • Subscribing to financial news outlets (e.g., Financial Times, Wall Street Journal) and treasury-specific publications.
  • Actively participating in professional networking groups or online forums for treasury professionals.
  • Seeking out opportunities for cross-functional projects within our company to broaden your understanding of our business operations and their impact on cash flow.
  • Taking online courses on advanced Excel modelling, data visualisation (Tableau/Power BI), or specific TMS functionalities.

12The rising capability

The rising capability

Zavmo analysis

What's rising in its place

This is where the work is heading, and the higher pay with it. Get fluent here and the shift stops being a threat and starts being your edge.

Prompt Engineering & LLM Integration

Honestly, competitors are already using tools like ChatGPT or Claude to draft reports in 10 minutes that used to take 2 hours. Treasury professionals who figure this out will outproduce their peers significantly. It's about working smarter, not harder, and getting more strategic value from your time.

  • Context Windows & Token Limits
  • Temperature Settings
  • RAG (Retrieval Augmented Generation)
  • Output Validation & Hallucination Detection

Real-time Liquidity APIs & Data Integration

The move from batch processing to real-time data is accelerating. Banks are increasingly offering APIs that allow us to pull cash balances and transaction data instantly, rather than waiting for end-of-day statements. This means much more accurate, up-to-the-minute liquidity management and faster decision-making.

  • API Fundamentals
  • Data Security & Encryption
  • Data Mapping & Transformation
  • Exception Handling

13What you’ll use

What you’ll use

Skills this role draws on

Technical

  • Cash Flow Forecasting & Liquidity Management
  • Financial Risk Management (FX, IR)
  • Working Capital Optimisation
  • Bank Relationship Management
  • Treasury Controls & Compliance

14The pathway

The pathway

How you actually get there, here

How you become one varies far more by country than what one does. This is the UK route. Most people take one of these ways in; the right one depends on where you're starting from.

  1. 1

    Senior Treasury Analyst (Internal Promotion)

    3-5 years as an Analyst

    Skills to master

    • Deep expertise in daily cash positioning, bank account administration, payment processing, and initial cash flow forecasting inputs. Demonstrated ability to troubleshoot and take ownership of routine processes without constant supervision.

    You're ready to move on when

    • Consistently accurate daily cash reconciliations and payment processing.
    • Proactively identifies and resolves operational issues.
    • Begins to mentor new joiners and takes initiative on small projects.
    • Trusted to handle routine banking queries independently.
  2. 2

    Finance Business Partner / Corporate Finance Analyst

    5-7 years in a related finance role

    Skills to master

    • Strong financial modelling, understanding of P&L and Balance Sheet drivers, experience in working with various business units, and a good grasp of corporate finance principles. You'd need to quickly get up to speed on treasury-specific systems and regulations.

    You're ready to move on when

    • Excellent analytical and communication skills, able to translate financial concepts to non-finance people.
    • Experience in supporting strategic decision-making through financial analysis.
    • A keen interest in cash management and financial risk, even if not directly experienced in treasury operations.
    • Proven ability to learn new systems and processes quickly.
  3. 3

    External Treasury Professional (from another company)

    5-8 years of relevant experience

    Skills to master

    • Direct, hands-on experience as a Treasury Manager or Senior Analyst in a similar-sized or larger organisation, with demonstrable expertise in cash management, forecasting, and risk management. Familiarity with our specific tech stack would be a big bonus.

    You're ready to move on when

    • A track record of successfully managing treasury operations and projects.
    • Strong understanding of treasury best practices and regulatory compliance.
    • Ability to quickly adapt to a new company's systems, policies, and culture.
    • Professional certifications (ACT, CFA) would be a significant advantage.

15Where this role leads

The long view: This role can lead to Director of Treasury, overseeing the whole treasury function, or VP of Treasury, shaping long-term capital and risk strategy.

16Pay and demand

Pay & demand

Typical pay £76,447 a year Source: ONS Annual Survey of Hours and Earnings, 2025 (provisional), under the Open Government Licence v3.0

The figure is the median for full-time employees in the ONS occupation this job title codes to (Financial managers and directors), from the April 2025 survey, about six months old when published, as ASHE always is. It is that occupation's middle, not this role's. Half earn more.

The ten Future Fluencies

Zavmo analysis

The credential is what you can do today. These are what keep you valuable.

A qualification proves you can do the job as it's defined today. These ten are what decide whether you're still the obvious person for it in five years. They're the capabilities employers are now writing into senior roles faster than people are learning them. Zavmo weaves them through whatever you study, so you come out with both: the credential and the fluency.

The highlighted ones are the Fluencies your role leans on hardest, from how Treasury Manager is actually changing.

Where it leads

Roles this leads to

Also named as a next step, with no page in the catalogue yet:

  • Assistant Treasurer / Director of Treasury (Specialised)

How you would learn this

One to one, on the work you already do

A tutor sets the task against your own job and marks the reasoning, at your pace. There is no cohort to fall behind.

It is £70 a month, billed monthly. Your free first module is Future Fluency, and you can cancel any time.

See Your Progress Grow Illustration
Treasury Manager
  • Cash Flow Forecasting & Liquidity Management
  • Financial Risk Management (FX, IR)
  • Working Capital Optimisation
  • Bank Relationship Management
  • Treasury Controls & Compliance
This is your Mind Palace on learn.zavmo.ai. Every skill above comes from this role's own record, not an example borrowed from another job. A node lights up when you evidence it, and what you build stays yours between jobs. That is the part a course cannot do.

17The detail, folded away

Everything else the record holds

The career branches in full, how AI is already showing up in the day-to-day, and the questions people ask about this job. Here when you want them, out of the way while you decide.

Where it leads next, rung by rung

Where it leads

The career path, and where it branches

Treasury Manager is a start, not a ceiling. Each step below asks for new skills and hands back more autonomy.

  1. Senior Treasury Manager

    3-5 years in the Treasury Manager role

    This is typically the next step, moving into a Lead/Staff level role (Level 4).

    • Treasury Strategy Development Designing new hedging programmes, capital structure analyses, or investment policies.
    • System Architecture & Implementation Leading major TMS upgrades or implementations, defining system requirements and integration strategies.
    • Advanced Bank Relationship Management Negotiating complex credit facilities, leading bank RFPs, and managing strategic banking partnerships.
    • Capital Markets Expertise Deeper involvement in debt issuance, covenant negotiation, and credit rating agency interactions.

  2. Assistant Treasurer / Director of Treasury (Specialised)

    5-8 years in the Treasury Manager role, potentially with a Senior Manager step in between

    This would be a significant jump to a Principal/Manager (Level 5) or even Director (Level 6) role.

    • Long-Term Capital Structure Planning Developing and executing strategies for debt, equity, and share buybacks.
    • M&A Due Diligence & Integration Leading the treasury aspects of mergers and acquisitions.
    • Advanced Investment Management Managing a larger investment portfolio with more complex instruments and strategies.
    • Board-Level Reporting Preparing and presenting treasury updates and recommendations to the Board of Directors.
Working with AI on the job

Working with AI

Where AI is starting to help

Let's be real, a lot of treasury work is about wrangling data, checking numbers, and drafting reports. Imagine if you could cut down on those repetitive, time-consuming tasks. That's exactly what AI is starting to do for Treasury Managers like you. It's not about replacing your job; it's about giving you superpowers to focus on the strategic stuff.

We're not talking about sci-fi here. We're talking about practical, real-world AI tools that are already making a difference in treasury departments. These aren't just for the 'data scientists' – they're for anyone who wants to work smarter, not harder. Here’s a peek at how AI can transform your daily grind:

Automated Cash Reconciliation

Imagine AI tools automatically matching thousands of transactions from bank statements (those MT940s) to open items in our ERP. It flags only the true exceptions for your review, meaning you spend less time hunting for pennies and more time on actual problem-solving. This is a game-changer for month-end close.

Predictive Cash Flow Forecasting

What if an AI model could analyse historical cash flows, seasonal patterns, and even external economic indicators to generate a much more accurate baseline forecast? You'd then focus your expertise on strategic adjustments and challenging business unit assumptions, rather than building the model from scratch every week. It's about getting a head start.

Covenant & Contract Analysis

New credit agreements or bond indentures are dense, right? Use AI-powered legal tech to scan these documents, instantly extracting all key covenants, definitions, and reporting requirements into a neat, summarised compliance matrix. This saves you days of painstaking manual review and reduces the risk of missing something critical.

Draft Treasury Commentary

Ever stare at a blank page, trying to summarise the month's cash flow variances or FX impact for a board report? A generative AI assistant can draft the initial 'Management Discussion & Analysis' commentary based on your raw data. You then review, refine, and add your expert insights, cutting down on report writing time significantly.

Common questions

Common questions

How do you become a Treasury Manager?

Common routes in include Senior Treasury Analyst (Internal Promotion) (3-5 years as an Analyst), Finance Business Partner / Corporate Finance Analyst (5-7 years in a related finance role) and External Treasury Professional (from another company) (5-8 years of relevant experience). Times vary with prior experience.

Where can a Treasury Manager progress to?

This role can lead on to Senior Treasury Manager (3-5 years in the Treasury Manager role) and Assistant Treasurer / Director of Treasury (Specialised) (5-8 years in the Treasury Manager role, potentially with a Senior Manager step in between), depending on the skills you build.

What new skills matter most for a Treasury Manager?

Increasingly, Prompt Engineering & LLM Integration and Real-time Liquidity APIs & Data Integration. These are the skills our record of this role lists as growing.

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18Where to go from here

Other roles at Level 4

Same depth of qualification, different job. Useful if the work appeals but this particular role does not.

 More jobs in finance

Stay in the field you know and move sideways rather than up.
If you leave this industry

Treasury skills transfer well across industries, including tech, manufacturing, retail and financial services. The core work of managing cash, liquidity and risk stays the same, even as regulations and market details change. Financial expertise and problem-solving skills carry across sectors.

This role profile is © 2026 Growth Engineering Technologies Ltd. Built from UK occupational standards and regulated qualification data, and written for Zavmo.

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