Job Placement · Finance · Treasury Manager
Accounting records what happened to the money. Treasury is accountable for where it sits, when it moves and what happens if it does not arrive, which is why a company can have immaculate accounts and an unforeseen cash problem. BEG places permanent treasury managers on Tier III milestone billing at $12,864 to $15,437.
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TL;DR
Treasury is the part of finance that only becomes visible when it goes wrong. The seat owns the cash position, the bank relationships, covenant testing and whatever currency or rate exposure the business carries, and BLS puts exactly that work, raising capital, overseeing investments and projecting cash shortage or surplus, on the treasury side of the financial management function rather than the controller side. The credential worth knowing about is the CTP, which requires two years of qualifying corporate finance experience before anyone can sit it. BEG runs the search on Tier III milestone billing at $12,864 to $15,437, fixed before sourcing.
What Sits On This Side Of The Function
Because the question it answers is not whether the numbers are right. It is whether the money will be in the right account on the right day, and what the plan is if it is not.
What Breaks When Nobody Owns Treasury
Four positions, each of which is invisible while it is correct. Companies usually create this seat after one of them has already failed once.
| Position | What the treasury manager owns | What it looks like when nobody does |
|---|---|---|
| Daily cash position | A consolidated view across every account and entity, with a rolling forecast of receipts and payments that is updated rather than rebuilt. | Cash is checked in the bank portal each morning. The company is solvent and nobody can say what the position will be in six weeks. |
| Bank relationships and facilities | Negotiating pricing and terms, keeping facilities right-sized, and maintaining a relationship that exists before it is needed. | Facilities renewed on whatever terms are offered, and a first conversation with the bank that happens during the week the business needs something. |
| Covenants and reporting | Testing covenants in advance of the certificate date, and telling the CFO about a problem two quarters before it becomes one. | A covenant breach discovered when the calculation is prepared for submission, which converts a manageable negotiation into a waiver request. |
| Rate and currency exposure | Measuring what actually moves the result and hedging the part that does. BLS describes risk managers as limiting exposure arising from currency or commodity price changes, which in a mid-sized company is part of this seat. | Exposure managed by not thinking about it, which works until a rate moves far enough to turn a good trading year into a poor reported one. |
BEG scopes which of those four the seat genuinely owns and, just as importantly, what authority comes with them, because a treasury manager without a delegated mandate is an analyst with an alarming job title. Full scope sits on the finance placement service page, and the seat that records what treasury moves is controller.
Milestone Billing Against A Percentage Of Salary
Treasury managers sit in the BLS financial manager code, which is where percentage fees become expensive. At the $166,570 median for that group, 20% is $33,314 and 25% is $41,643. BEG prices a treasury manager search as a Tier III engagement at $12,864 to $15,437, agreed before the first approach and unchanged by the final package. In a narrow specialist pool that matters more than usual, because the offer often has to be improved to move somebody, and under a percentage model every improvement is also an increase in the fee.
What A Company Without Treasury Ownership Pays
Nothing, until a specific week. The costs are lumpy rather than continuous: a facility renewed at a margin nobody negotiated, idle balances sitting at no interest across four accounts, a covenant waiver requested from a position of weakness instead of managed a quarter early, or a payment run delayed because the cash was in the wrong entity. Each of those is a single identifiable event and each one can cost more than the annual salary of the person who would have prevented it. That is an unusual economics for a finance seat and it is the honest argument for filling it before the event rather than after.
If You Were Searching For A Finance Staffing Or Consulting Firm
Treasury is served by project consultancies for good reasons, and they are the right answer for implementations. The question is who holds the position on an ordinary Tuesday.
| Model | Who employs the treasury professional | How you pay | Right when |
|---|---|---|---|
| Treasury consultancy or interim firm | The firm | Day rate or project fee for a defined scope | You are implementing a treasury system, running a refinancing, or restructuring a bank group, and the work has a completion date. |
| Contingency recruiter | You | Percentage of first-year salary on placement, $33,314 to $41,643 at the financial manager median | You want nothing payable until a start date and accept a fee that increases with every concession in the negotiation. |
| BEG permanent placement | You | Tier III milestone fee, $12,864 to $15,437, fixed before sourcing | Somebody has to know the cash position and own the bank relationships every week, not only during a project. |
BEG does not employ treasury professionals and does not bill by the day, so project work is not something we sell and we will point you at it where the scope genuinely ends. The pattern to watch is a treasury system implemented by consultants and then operated by nobody in particular, which produces excellent reporting on a position no one is accountable for. Related: financial analyst recruiting.
FAQ
Liquidity and the relationships that supply it. BLS describes treasurers and finance officers as directing budgets to meet financial goals and overseeing investments and plans to raise capital such as issuing stocks or bonds, and separately describes cash managers as monitoring and controlling the flow of money to project whether the organisation will face a shortage or a surplus. In most companies below a certain size, one treasury manager does both.
No, and they attract different people. Accounting is concerned with recording what happened to money; treasury is concerned with where it physically is, when it will move and what happens if it does not arrive. A company can have immaculate accounts and a cash problem nobody saw coming, which is precisely the gap this seat exists to close.
The Certified Treasury Professional is the Association for Financial Professionals credential for this discipline. Eligibility requires a minimum of two years of full-time career-based experience in cash or treasury management or a corporate finance related position. Internships, holiday work and volunteering do not count toward it, and the experience has to be in corporate finance though not necessarily in treasury itself.
Treat it as a strong signal rather than a filter. Because the eligibility rules require two years of qualifying corporate finance experience before anyone can hold it, a CTP tells you the person has deliberately committed to this discipline. Requiring it in the advert, though, will cut out capable treasury analysts who have done the work without sitting the exam.
When any one of three things becomes true: there are bank covenants that have to be tested and reported, there is meaningful foreign currency exposure, or the cash position is being managed across enough accounts that a spreadsheet no longer answers the question reliably. Before that, treasury is usually a set of tasks sitting with the controller and that is appropriate.
A Tier III search at $12,864 to $15,437, billed against defined milestones. A 20% to 25% contingency fee benchmarked to the $166,570 BLS median for financial managers would be $33,314 to $41,643 for the same permanent hire, and it would rise with every improvement to the offer rather than staying where it started.
Ask what they did during a liquidity squeeze. Not a hypothetical, an actual one: a customer that paid sixty days late, a facility that was withdrawn, a covenant that was close. Treasury is a discipline where the routine work is unremarkable and the judgement only appears under pressure, so the only useful questions are about pressure that already happened.
More than employers expect. A treasury manager who is known to your relationship bank, and who has negotiated pricing and terms rather than only executed them, arrives with something that cannot be trained. It is also a reason candidates are hard to prise away, because their value is partly held in relationships they would have to rebuild.
No. Interim treasury consultants exist, they are employed by their firm and billed by the day, and they are a reasonable answer to a systems implementation or a refinancing project. BEG places a permanent treasury manager on your payroll. If the need is a project with a completion date, we will point you at the consultancy route instead.
An average of 23 to 35 days from discovery call to signed offer, based on isolved placement data, with an 86% fill rate on active searches. The pool is genuinely narrow at this level, so the search is a sourcing exercise rather than an advertising one and the timeline depends more on your interview scheduling than on candidate availability.
To the CFO wherever the company is large enough to have both, because the controller is accountable for recording cash and the treasury manager is accountable for having it. Putting both under one person collapses a separation that lenders and auditors both like to see, and experienced treasury candidates will ask about it directly.
A 45-day replacement guarantee and 50% off a repeat search for the same seat. Worth naming the real risk: treasury hires most often fail because the authority to move money, open accounts or negotiate with banks was never actually delegated, leaving the manager accountable for a position they cannot influence. That is a mandate problem and no replacement clause fixes it.
Building the finance function? See finance manager, VP finance and controller, or all finance placement.
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