Cash Management Specialist Salary

The average Cash Management Specialist in the United States earns approximately $46K per year. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Job satisfaction for Cash Management Specialists is high. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Female Cash Management Specialists make up most of the survey respondents at 73 percent. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$33,747 - $66,330
(Median)
$34K
$46K
$66K
MEDIAN: $46,084
10%
50%
90%

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$12.55 - $24.16
(Median)
$13
$17
$24
MEDIAN: $16.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$23K$46K$69K
Salary
$33,747 - $66,330  
   
Bonus
$0.00 - $6,929  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$29,283 - $64,090  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 141
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$13$26$39
Hourly Rate
$12.55 - $24.16  
   
Overtime
$18.64 - $36.40  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$26K$52K$78K
Bonus
$0.00 - $6,929  
   
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$29,283 - $64,090  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 91
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Job Description for Cash Management Specialist

Cash management specialists are generally in charge of tasks related to managing money, such as maintaining records of cash applications and account reconciliation. They may also be responsible for establishing customer profiles for bank applications so they can access online systems. Cash management specialists need to understand product features so they can perform customer requests, which can range from remote deposit to automated clearinghouse (ACH) transfers. Additionally, these specialists have to maintain customer records, evaluate overdrafts and monthly statements, and monitor all balances. This job typically takes place in an office setting and is full time, although hours vary depending on the needs of the employer. There is no travel required in most cases. Typical employers of cash management specialists are banking institutions.

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Cash Management Specialist Tasks

  • Promote bank services, set up customer accounts, and keep records of sales.
  • Develop presentations for new customers detailing how the bank can serve them.
  • Meet with customers to determine their financial needs.
  • Provide administrative and technical support for the cash management department.

Cash Management Specialist Job Listings

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Cash Management Specialists usually report a few specific skills. Cash Handling and Microsoft Excel are considered valuable skills and can increase employee pay. Skills that are correlated to lower pay, on the other hand, include Microsoft Excel and Cash Handling.

Pay by Experience Level for Cash Management Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Salaries of relatively inexperienced workers fall in the neighborhood of $39K, but folks who have racked up five to 10 years see a notably higher median of $51K. Cash Management Specialists who work for 10 to 20 years in their occupation tend to earn about $48K. Veterans who have surpassed the 20-year mark may make no more than those who are navigating the mid-career stage.

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Experience Affects Cash Management Specialist Salaries

Mid-Career
up arrow 18%

Late-Career
up arrow 13%

Experienced
up arrow 12%

National Average
$43,000

Entry-Level
up arrow 8%

Skills That Affect Cash Management Specialist Salaries

National Average
$43,000

Cash Handling
up arrow 5%

Microsoft Excel
up arrow 7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 33 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

Less than 1 year
5%
1-4 years
42%
5-9 years
21%
10-19 years
20%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 80% dental benefits Dental: 75%
vision benefits Vision: 59% employee benefits None: 17%
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