Cash Management Specialist Salary

Average Cash Management Specialists in the United States make around $47K per year. Career duration and the particular city each impact pay for this group, with the former having the largest influence. A large number report receiving medical and dental coverage from their employers and more than half collect vision insurance. The majority of Cash Management Specialists (66 percent) who took the survey are women. The majority of Cash Management Specialists claim high levels of job satisfaction. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$33,963 - $68,324
(Median)
$34K
$47K
$68K
MEDIAN: $46,571
10%
50%
90%

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$12.46 - $23.95
(Median)
$12
$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
$33,963 - $68,324  
   
Bonus
$0.00 - $7,787  
Profit Sharing
$1,150 - $2,750  
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).
)
$28,519 - $66,599  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 136
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$12$24$36
Hourly Rate
$12.46 - $23.95  
   
Overtime
$18.81 - $35.58  
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$24K$48K$72K
Bonus
$0.00 - $7,787  
   
Profit Sharing
$1,150 - $2,750  
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).
)
$28,519 - $66,599  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 87

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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.


Salaries for the relatively untried average out to around $40K, but survey participants with five to 10 years of experience earn a significantly higher median of $48K. Cash Management Specialists claiming one to two decades of experience make an estimated median of $47K. People who have worked for more than 20 years report a median income no higher than the median for folks with 10 to 20 years of experience.

Related Job Salaries

United States (change)

Experience Affects Cash Management Specialist Salaries

Mid-Career
up arrow 11%

Experienced
up arrow 9%

Late-Career
up arrow 9%

National Average
$43,000

Entry-Level
up arrow 8%

Skills That Affect Cash Management Specialist Salaries

National Average
$43,000

Cash Handling
up arrow 6%

Microsoft Excel
up arrow 8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 39 votes.

Gender

Female
66 %
Male
34 %

Years of Experience

Less than 1 year
4%
1-4 years
39%
5-9 years
23%
10-19 years
21%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 80%
vision benefits Vision: 64% employee benefits None: 14%