Q1 2023 UK Treasury market update

Author Eliot Bates
April 6, 2023

What is happening in the junior treasury market?

As we approach the end of the first quarter of 2023, we haven’t seen the slow down that we were expecting at the end of last year.  With a recession looming, interest rates and inflation soaring, much of the recruitment market was expecting a slow start, however it has been quite the opposite in the treasury market, especially at the Treasury Analyst level.

This year, we have worked exclusively with multiple businesses to hire a junior treasury resource. The main areas of expertise clients have been looking for are bright, ambitious and forward-thinking individuals with exposure to cash management, front office duties and relationships with banks. 

At the end of last year we published our annual treasury market report and salary guide. This showed salaries had increased at all levels across the market, none more so than at the Treasury Analyst level.  The typical salary for a Treasury Assistant without any experience is now £35-40,000, A Treasury Analyst (2-3 years’ experience) £40-50,000 and a Senior Treasury Analyst (3-5 years’ experience) is paying between £50-60,000.

As mentioned, the junior treasury market has been incredibly busy. This has resulted in candidates getting to offer stage and sometimes having two to three roles to choose from.  This means speed in processes is critical.  We encourage clients to aim to have the whole process completed, with an offer out and accepted within three weeks from briefing us.  This is to ensure they don’t miss out on their preferred candidate because the process has taken too long.  This market needs to be looked at and treated as if it were an interim market, speed in process and maintaining momentum between interviews is crucial.

How Brewer Morris can help you take the next steps in your treasury career

If you would like more information on the current market or would like to discuss your next treasury career move please contact a member of the treasury team.

Jobs

  • Commerce and industry
  • Permanent

Treasury Accountant

Treasury Accountant (Large Corporate / High-Volume Environment) Job Title: Treasury Accountant Location: Surrey (Hybrid) A fantastic opportunity to join a large, consumer-facing international business with high treasury volume and complexity. This role offers broad exposure across treasury accounting and operations within a well-established Group Finance function. Key Responsibilities: Manage accounting and reporting across treasury activities […]
  • Salary GBP80000 – GBP90000 per annum
  • Posted Posted 2 weeks ago

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  • Commerce and industry
  • Permanent

Group Treasury Accountant

Group Treasury Accountant (Global Corporate) Job Title: Group Treasury Accountant Location: London (Hybrid) An exciting opportunity to join a large, international corporate group with a decentralised global footprint. This role sits at Group level, offering significant exposure to complex treasury structures, reporting, and technical accounting. Key Responsibilities: Lead treasury accounting for FX, debt, derivatives, and […]
  • Salary GBP70000 – GBP80000 per annum
  • Posted Posted 2 weeks ago

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  • Commerce and industry
  • Permanent

Treasury Manager

Brewer Morris are working with a leading UK corporate business to hire a permanent Treasury Manager into a high-performing finance team. This is a broad, hands-on treasury role offering exposure across debt strategy, liquidity management and treasury operations, with the opportunity to contribute to strategic funding initiatives. Key Responsibilities · Support the execution of funding […]
  • Salary GBP70000 – GBP80000 per annum + + competitive bonus
  • Posted Posted 2 weeks ago

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  • Commerce and industry
  • Permanent

Senior Treasury Analyst

Our client, a growing and dynamic retail organization headquartered in Orange County, CA, is seeking a Treasury Analyst to join their finance team. This is a high-impact role responsible for managing day-to-day treasury operations while playing a key role in the implementation and optimization of a new Treasury Management System (TMS). This position offers strong […]
  • Salary USD1000 – USD110000 per annum + Bonus
  • Posted Posted 3 weeks ago

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  • Banking and financial services

Cash & Banking Lead

Cash & Banking Lead An opportunity to join a global insurance group as it continues to strengthen and develop its in-house treasury capability. This role sits within a complex, regulated environment and will play a key part in managing cash, banking and liquidity activities, while supporting broader transformation across the treasury function. The role You […]
  • Salary GBP90000 – GBP100000 per annum
  • Posted Posted 3 weeks ago

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  • Banking and financial services
  • Permanent

Treasury Advisory Lead

Treasury Advisory Lead An opportunity to join a growing fintech business operating within the treasury technology space, supporting finance teams to improve visibility, efficiency, and control across cash and liquidity. This role sits at the intersection of treasury, product, and commercial delivery, working closely with sales, product, and client stakeholders to support growth in the […]
  • Salary GBP80000 – GBP100000 per annum
  • Posted Posted 3 weeks ago

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