What does a Cash Manager do?
A Cash Manager provides integral support for mid-size and large businesses by managing cash to help ensure optimal liquidity. When hiring a Cash Manager, you might look for a candidate who can maximize cash availability, improve investment returns and strategically manage incoming funds to support financial stability.
Cash Manager skills and qualifications
Technical, financial knowledge, strategic thinking and excellent communication skills typically help people succeed in Cash Manager roles. Other skills to look for in Cash Manager applicants may include:
- Analytical skills, particularly in forecasting income, expenses and overall cash flow
- Familiarity with big data to create, review and understand reports and identify trends and outliers
- Knowledge about the treasury, banking and payment processes related to your industry
- An in-depth understanding of short-term investments and how they impact cash flow
- Proficiency with enterprise-level financial software systems, such as SAP or Oracle
- Negotiation skills to finalize terms with banks, lenders and other business partners
Cash Manager experience requirements
When hiring a Cash Manager, you may hire a candidate who has previously worked in finance or accounting roles. Relevant experience might include work in payroll, accounts payable or accounts receivable.
Candidates who have worked in management at banks, accounting firms or wealth management businesses may also have experience relevant to your role.
Cash Manager education and training requirements
Management jobs in finance, which include Cash Manager positions, typically require a bachelor’s degree. Employers may seek candidates with accounting, finance or business degrees or certifications.
For example, your Cash Manager job posting may request candidates have a Certified Public Accountant (CPA) credential from the National Association of State Boards of Accountancy (NASBA) or a similar accounting certification.
Cash Manager salary expectations
According to Indeed Salaries, the average salary for a Cash Manager is $80,327 per year. Consider an applicant’s level of experience, the scope of your Cash Manager job description and location to determine competitive compensation.
Cash Manager salary expectations
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Common salary:
20.97 HOURLY -
Typical salaries range from
7.25 -46.65 HOURLY - Find more information on Indeed Salaries
*Indeed data –
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Cash Manager job description FAQs
Who does a Cash Manager report to?
Typically, Cash Managers report to senior-level financial or accounting professionals. Depending on how you structure your teams, your Cash Manager might report to a Vice President (VP) of Accounting, Director of Finance, Controller or Treasurer.
Who reports to a Cash Manager?
Cash Managers may supervise teams responsible for managing cash flow and related tasks. Positions that might report to a Cash Manager include Cash Analyst, Cash Poster, Accounts Payable Specialist, Accounts Receivable Specialist or Payroll Coordinator, but specific structures depend on your business’s size and goals.
What traits make for a good Cash Manager?
Consider looking for a Cash Manager with a balance of strategic and financial skills. Attention to detail and analytical skills help these professionals manage the accounting data relevant to their position, and strong communication skills help them present financial data to collaborators. Integrity can also be a good quality for Cash Managers, as they often work in positions requiring a high level of trust.
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