Avg. Base Salary (USD)
The average salary for a Cash Manager is $67,132
What is the Pay by Experience Level for Cash Managers?
An entry-level Cash Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $50,815 based on 8 salaries. An early career Cash Manager with 1-4 years of experience earns an average total compensation of $60,086 based on 72 salaries. A mid-career Cash …Read more
What Do Cash Managers Do?
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 …Read more
- 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.