Cash Management Specialist Salary

Cash Management Specialists in the United States take home an average $46K per year. Geographic location and years of experience each impact pay for this group, with the former having the largest influence. The majority of workers are highly satisfied with their job. Female Cash Management Specialists make up most of the survey respondents at 75 percent. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the larger part. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$33,633 - $68,201
(Median)
$34K
$46K
$68K
MEDIAN: $45,624
10%
50%
90%

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$12.22 - $23.68
(Median)
$12
$17
$24
MEDIAN: $16.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$23K$46K$69K
Salary
$33,633 - $68,201  
   
Bonus
$0.00 - $7,397  
Profit Sharing
$3,000  
Commission
$600  
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).
)
$29,063 - $64,194  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 156
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$13$26$39
Hourly Rate
$12.22 - $23.68  
   
Overtime
$18.65 - $36.30  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$26K$52K$78K
Bonus
$0.00 - $7,397  
   
Commission
$600  
Profit Sharing
$3,000  
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).
)
$29,063 - $64,194  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 110
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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 report a narrow range of specific skills. Cash Handling and Microsoft Excel are considered valuable skills and can increase employee pay. Skills that pay less than market rate 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.


More years of relevant experience do not necessarily translate to higher paychecks. Those in the early stages of their career can expect to make around $40K; however, individuals with five to 10 years of experience bring in $46K on average — a distinctly larger sum. Cash Management Specialists bring in $47K after working for 10 to 20 years. In the end, more experience does seem to mean larger paychecks; seasoned Cash Management Specialists with more than 20 years of experience earn a predictably higher median salary of $48K.

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Experience Affects Cash Management Specialist Salaries

Late-Career
up arrow 13%

Mid-Career
up arrow 9%

Experienced
up arrow 9%

National Average
$43,000

Entry-Level
up arrow 7%

Skills That Affect Cash Management Specialist Salaries

National Average
$43,000

Cash Handling
up arrow 5%

Microsoft Excel
up arrow 8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 35 votes.

Gender

Female
75 %
Male
25 %

Years of Experience

Less than 1 year
5%
1-4 years
42%
5-9 years
21%
10-19 years
21%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 73%
medical benefits
Vision: 62%
dental benefits
None: 17%
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