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The differences between assistant treasurers and cash managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become an assistant treasurer, becoming a cash manager takes usually requires 6-8 years. Additionally, an assistant treasurer has an average salary of $97,171, which is higher than the $93,363 average annual salary of a cash manager.
The top three skills for an assistant treasurer include cash management, treasury and risk management. The most important skills for a cash manager are customer service, cash management, and treasury.
| Assistant Treasurer | Cash Manager | |
| Yearly salary | $97,171 | $93,363 |
| Hourly rate | $46.72 | $44.89 |
| Growth rate | -8% | 17% |
| Number of jobs | 14,556 | 60,517 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 64% |
| Average age | 50 | 46 |
| Years of experience | 2 | 8 |
An assistant treasurer provides administrative and clerical support to treasurers in the joint effort to manage and oversee the finances of an organization or company. Their job entails coordinating with different departments to gather and analyze data, review collection and cost reports, study the overall financial transactions, and produce detailed financial statements according to protocols. They may also handle calls and correspondence, prepare documents and presentations, organize files, train new members of the workforce, and work together with the treasurer in implementing policies and regulations.
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.
Assistant treasurers and cash managers have different pay scales, as shown below.
| Assistant Treasurer | Cash Manager | |
| Average salary | $97,171 | $93,363 |
| Salary range | Between $62,000 And $149,000 | Between $66,000 And $130,000 |
| Highest paying City | Washington, DC | Redding, CA |
| Highest paying state | Washington | California |
| Best paying company | ICONMA | PVH |
| Best paying industry | Finance | Manufacturing |
There are a few differences between an assistant treasurer and a cash manager in terms of educational background:
| Assistant Treasurer | Cash Manager | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 64% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between assistant treasurers' and cash managers' demographics:
| Assistant Treasurer | Cash Manager | |
| Average age | 50 | 46 |
| Gender ratio | Male, 58.4% Female, 41.6% | Male, 38.2% Female, 61.8% |
| Race ratio | Black or African American, 9.2% Unknown, 3.9% Hispanic or Latino, 16.2% Asian, 3.8% White, 66.2% American Indian and Alaska Native, 0.7% | 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 | 6% | 11% |