Cash Management Specialist Salary

Median pay for Cash Management Specialists in the United States is around $46K annually. Career duration is the biggest factor affecting pay for this group, followed by geography. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. The majority of Cash Management Specialists claim high levels of job satisfaction. Female Cash Management Specialists make up most of the survey respondents at 74 percent. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$33,531 - $66,243

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$12.46 - $24.01

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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
$33,531 - $66,243  
   
Bonus
$0.00 - $6,929  
Commission
$0.00 - $17,000  
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).
)
$29,208 - $63,725  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 142
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
$12.46 - $24.01  
   
Overtime
$18.34 - $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 - $6,929  
   
Commission
$0.00 - $17,000  
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).
)
$29,208 - $63,725  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 95
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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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Survey takers who work as Cash Management Specialists typically report just a few professional 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.


Those in the early stages of their career can expect to make around $39K; however, individuals with five to 10 years of experience bring in $51K on average — a distinctly larger sum. Cash Management Specialists with one to two decades of relevant experience report an average salary of approximately $47K. Seasoned veterans with 20 years under their belts enjoy a median income of $48K.

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Experience Affects Cash Management Specialist Salaries

Mid-Career
up arrow 20%

Late-Career
up arrow 14%

Experienced
up arrow 11%

National Average
$43,000

Entry-Level
up arrow 8%

Skills That Affect Cash Management Specialist Salaries

National Average
$43,000

Cash Handling
up arrow 4%

Microsoft Excel
up arrow 8%

Job Satisfaction

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

Gender

Female
74 %
Male
26 %

Years of Experience

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

Common Health Benefits

medical benefits Medical: 81% dental benefits Dental: 75%
vision benefits Vision: 59% employee benefits None: 16%
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