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Treasury Services Associate Jobs in Elgin, IL (NOW HIRING)

Bank of America

Treasury Product Sales Associate

Chicago, IL · On-site +1

$38K - $51K/yr

... shaped by military service, community college education, or a wide range of work and life ... The successful candidate will partner closely with Treasury Sales, Relationship Management, Product ...

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All JobsTreasury Services Associate JobsTreasury Services Associate Jobs in Elgin, IL

Treasury Services Associate information

See Elgin, IL salary details

$30.6K

$56.7K

$88K

How much do treasury services associate jobs pay per year?

As of Aug 21, 2026, the average yearly pay for treasury services associate in Elgin, IL is $56,679.00, according to ZipRecruiter salary data. Most workers in this role earn between $44,000.00 and $64,300.00 per year, depending on experience, location, and employer.

What is a Treasury Services Associate?

Treasury Services Associates are entry-level professionals who support the management and optimization of a company's cash flow, liquidity, and financial transactions. They assist with tasks such as processing payments, managing bank accounts, reconciling statements, and supporting the implementation of treasury solutions. These associates often work closely with senior treasury staff to ensure efficient daily operations and compliance with financial policies. Their role is crucial in helping organizations manage their financial resources effectively and mitigate financial risks.

What are some typical challenges Treasury Services Associates face when managing cash flow and liquidity for clients?

Treasury Services Associates often encounter challenges such as balancing the need for liquidity with minimizing idle cash, adapting to rapidly changing market conditions, and ensuring compliance with regulatory requirements. They must be detail-oriented to monitor large volumes of transactions and proactive in identifying discrepancies or potential risks. Collaborating closely with internal teams and clients, they also need to communicate complex financial concepts clearly while maintaining strong client relationships.

What are the key skills and qualifications needed to thrive as a Treasury Services Associate, and why are they important?

To thrive as a Treasury Services Associate, you need strong analytical abilities, attention to detail, and a solid understanding of finance or accounting, often supported by a relevant degree. Familiarity with treasury management systems, financial software like Excel, and knowledge of regulations such as AML/KYC are typically required. Excellent communication, problem-solving, and client service skills help set you apart in this role. These competencies are crucial for ensuring accurate transaction processing, regulatory compliance, and effective client support in financial operations.

What is the difference between Treasury Services Associate vs Cash Management Specialist?

AspectTreasury Services AssociateCash Management Specialist
Required CredentialsBachelor's degree, relevant certifications often preferredBachelor's degree, certifications like CAMS or CTP beneficial
Work EnvironmentBanking or financial institution, corporate treasury teamsBanking, financial services, corporate treasury departments
Employer & Industry UsageCommonly employed in banks and financial institutionsUsed in banks, corporations, and financial service firms
Comparison Search IntentUnderstanding roles in treasury operationsFocusing on cash flow management and banking services

The Treasury Services Associate and Cash Management Specialist roles both involve working within treasury and banking environments, often requiring similar educational backgrounds and certifications. While the Treasury Services Associate typically supports treasury operations and client services, the Cash Management Specialist focuses more on managing cash flow and banking solutions. Both roles are integral to financial institutions and corporate treasury teams, with overlapping skills but distinct primary responsibilities.

What cities near Elgin, IL are hiring for Treasury Services Associate jobs?

Cities near Elgin, IL with the most Treasury Services Associate job openings:

Treasury Services Associate jobs near you

Commercial Banking Associate - Mid-level - On-site

Usi Insurance

Chicago, IL • On-site

$80 - $100/hr

Other

Medical, Retirement

Posted 3 days ago

New

Job description

Commercial Banking Associate - Mid-level

As an Associate Banker in Commercial Banking, you will work both independently and as part of a team to introduce our comprehensive solutions to clients with annual revenues ranging from $20 million to $2 billion. You are responsible for helping bankers cover new prospects, deepen existing client relationships, complete portfolio reviews, build market share and drive internal and external client dialogue.

Our Associates Bankers are required to have deep working knowledge of our solutions including, but not limited to: Credit, Treasury Services, International Banking, Commercial Card, and Merchant Services. Associate Bankers work closely with product partners, Syndicated Finance, the Financial Sponsors Group, and Investment Banking, therefore our ideal candidate exhibits a strong interest in cross-border businesses, cultural sensitivity, a strong commitment to teamwork and partnership, and consistently upholds the highest standards of work ethic and attention to detail.

This role is not eligible for employer sponsored immigration support of any kind.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

Job Responsibilities
  • Champion a culture of innovation and a customer centric mindset
  • Stay up-to-date with industry trends to identify opportunities for innovation and strategic partnerships
  • Develop sub-sector specialty and corporate finance knowledge
  • Provide proactive support to senior bankers across the team
  • Drive new client acquisition, both independently and in collaboration with bankers
  • Navigate the Commercial Banking product ecosystem and develop meaningful relationships with internal and external partners
  • Embrace a culture of respect, diversity and inclusion
Qualifications

Required Qualifications, Capabilities, and Skills

  • 4+ years in a similar banking, venture, credit or treasury role
  • Outstanding professional reputation and integrity
  • Strong leadership and teamwork skills required
  • Proven ability to develop and retain profitable client relationships in a competitive environment
  • Expertise in assessing and structuring complex credit transactions, including risk mitigation and negotiation
  • Deep knowledge of banking products and services
  • Excellent organizational skills with the ability to manage multiple priorities and meet tight deadlines
  • Embrace a culture of respect, diversity and inclusion

Preferred Qualifications, Capabilities, and Skills

  • Bachelor's Degree preferred
  • Superior knowledge of the market dynamics and its business environment preferred
  • Excellent problem-solving, oral, and written communication skills
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