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The differences between actuarial managers and cash managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both an actuarial manager and a cash manager. Additionally, a cash manager has an average salary of $93,363, which is higher than the $75,827 average annual salary of an actuarial manager.
The top three skills for an actuarial manager include medicaid, financial analysis and financial results. The most important skills for a cash manager are customer service, cash management, and treasury.
| Actuarial Manager | Cash Manager | |
| Yearly salary | $75,827 | $93,363 |
| Hourly rate | $36.46 | $44.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 59,285 | 60,517 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
Actuarial managers supervise all the actuary employees and the actuary department. They meet the clients and get to know the type of data and statistics they need. Besides reviewing the actuaries' performance and predictions and analysis accuracy, actuarial managers also prepare reports featuring all the information and ensure each data's accuracy before submission. Other duties performed by actuarial managers include meeting with company heads from time to time and updating them on matters relating to the actuarial figures.
A cash manager is responsible for monitoring cash flow, analyzing financial transactions, and allocating adequate budget and resources for every department's operations. Cash managers conduct data and statistical analysis to determine the company's expenses and financial loss and strategize techniques in minimizing those risks. They also help senior management in identifying business opportunities that would generate more revenue resources and increase profits for the business. A cash manager handles billing disputes, resolves account discrepancies, and submits accurate financial reports.
Actuarial managers and cash managers have different pay scales, as shown below.
| Actuarial Manager | Cash Manager | |
| Average salary | $75,827 | $93,363 |
| Salary range | Between $39,000 And $144,000 | Between $66,000 And $130,000 |
| Highest paying City | Bridgeport, CT | Redding, CA |
| Highest paying state | Connecticut | California |
| Best paying company | Prudential Financial | PVH |
| Best paying industry | Insurance | Manufacturing |
There are a few differences between an actuarial manager and a cash manager in terms of educational background:
| Actuarial Manager | Cash Manager | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 64% |
| Most common major | Mathematics | Business |
| Most common college | University of Notre Dame | University of Pennsylvania |
Here are the differences between actuarial managers' and cash managers' demographics:
| Actuarial Manager | Cash Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 65.2% Female, 34.8% | Male, 38.2% Female, 61.8% |
| Race ratio | Black or African American, 5.7% Unknown, 4.0% Hispanic or Latino, 10.2% Asian, 7.9% White, 71.9% American Indian and Alaska Native, 0.3% | Black or African American, 8.0% Unknown, 4.1% Hispanic or Latino, 15.5% Asian, 8.0% White, 64.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |