Often, we lump accountants together. We think that everyone working in the accounting department handles similar things. Well, that could not be farther from the truth. Accountants often manage a specific aspect of accounting, such as payables, receivables, cash flow tracking, among others. Experienced accountants in activities related to cash management are eventually given the role of Cash Manager.
Cash managers are in charge of all the aspects of the cash management function. They manage processes related to cash management, often creating efficient ways to manage revenue collection. They also ensure that reports related to the cash management function are submitted on time. In line with this, they also ensure that all governing rules and regulations are followed at all times.
Being a cash manager is a big responsibility. You should be able to build trust with both the management team and your colleagues. You should also work with integrity at all times. This will ensure your success in the role.