Cash Manager Salary
Median pay for Cash Managers in the United States is around $71K annually. Residence is the biggest factor affecting pay for this group, followed by tenure. Cash Managers survey participants are largely women, dominating at 68 percent. Most Cash Managers like their work and job satisfaction is high. Medical benefits are awarded to most, and a strong majority earn dental coverage. The data in this summary comes from the PayScale salary survey.
|Salary||$48,026 - $102,671|
|Bonus||$503 - $16,611|
|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).)
|$24,649 - $105,427|
|Hourly Rate||$9.81 - $24.08|
|Overtime||$17.52 - $74.17|
|Bonus||$503 - $16,611|
|Total Pay (||$24,649 - $105,427|
Job Description for Cash Manager
The cash manager is a position that is generally sought after by a large variety of companies in many industries. The prospective employee will need several years of experience working in accounting and finance, with cash management and banking system experience being the most preferable. A bachelor's degree is generally required by most companies, specializing in accounting, finance, or another business field. However, a master's degree is preferable. Some companies will require that the cash manager also be a certified public accountant. A good understanding of the Microsoft Office suite of products would be very helpful.Read More...
The cash manager will work in an office environment and will not be expected to lift any heavy objects nor travel. The cash manager will be expected to be able to manage and supervise their staff to perform various cash reconciliation tasks, such as processing bank statements and keeping records of receipts. The manager will also need to develop, maintain, and analyze various policies and procedures to ensure that operations are running in line with regulations set by the company. The cash manager may also be required to assist with audits and tax returns. The cash manager will need to produce a daily report of the cash position of the company and present this information to executives as needed. A presentation may be required quarterly to present an overview and analysis of budgets and proposals to executives. The cash manager may also be required to keep good relations with banks and may need to negotiate service fees and other packages from banking institutions. (Copyright 2017 PayScale.com)
Cash Manager Tasks
- Monitor cash flow, including account balances, cash movement, bills, and taxes.
- Track profitability, risks and losses, letter of credit requirements, and other financial data.
- Approve and release payments, investing or borrowing when required.
- Track employee expenses, receipts, and other in-house expenditures.
Cash Manager Job Listings
Pay by Experience Level for Cash Manager
Pay by Experience for a Cash Manager has a positive trend. An entry-level Cash Manager with less than 5 years of experience can expect to earn an average total compensation of $49,000 based on 52 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Cash Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $70,000 based on 50 salaries. An experienced Cash Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $67,000 based on 60 salaries. A Cash Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $77,000 based on 26 salaries.
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Key Stats for Cash Manager
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