How to hire a cash manager

How to hire a cash manager, step by step

Here's a step-by-step cash manager hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a cash manager job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new cash manager
• Step 8: Go through the hiring process checklist

What does a cash manager do?

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1. Identify your hiring needs

   Before you post your cash manager job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a cash manager for hire on a part-time basis or as a contractor.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   A cash manager's background is also an important factor in determining whether they'll be a good fit for the position. For example, cash managers from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.

   This list presents cash manager salaries for various positions.

   Type of Cash Manager	Description	Hourly rate
   Cash Manager	Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.	$31-62
   Manager Finance Planning And Analysis	A manager finance planning and analysis oversees the daily operations of a company's financial planning department. They typically have administrative duties such as setting goals and guidelines, establishing timelines and budgets, delegating tasks among teams and staff, and reviewing financial reports regularly... Show more	$36-71
   Manager/Finance Accounting	A manager of finance accounting's role is to oversee the financial activities in a company or organization. Their responsibilities revolve around coordinating with other departments to gather financial data, analyze the revenues and expenditures, and develop written reports and presentations... Show more	$31-61

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Customer Service
   • Cash Management
   • Treasury
   • Financial Statements
   • Reconciliations
   • ACH
   • Petty Cash
   • Cash Flow
   • Bank Deposits
   • Payroll
   • External Auditors
   • General Ledger
   • Process Improvement
   • ERP

   Check all skills

   Responsibilities:

   • Lead and implement design of finance functions of new ERP system.
   • Manage day-to-day operational processing of securities lending program along with performing frequent analysis and audits for management reporting.
   • Process weekly ACH sweeps from depository accounts to corporate, wire transfers and other banking functions using PC.
   • Convert the in house manual system to an ADP ERP system.
   • Report bi-weekly on Sarbanes-Oxley relate to credits, debits and manual price adjustments.
   • Research and application of all GAAP policies and procedures as they pertain to the business.

   More cash manager duties

3. Make a budget

   Including a salary range in your cash manager job description is one of the best ways to attract top talent. A cash manager can vary based on:

   • Location. For example, cash managers' average salary in hawaii is 45% less than in california.
   • Seniority. Entry-level cash managers 49% less than senior-level cash managers.
   • Certifications. A cash manager with certifications usually earns a higher salary.
   • Company. Working for an established firm or a new start-up company can make a big difference in a cash manager's salary.

   Average cash manager salary

   $93,363yearly

   $44.89 hourly rate

   ---

   Entry-level cash manager salary

   $66,000 yearly salary

   Updated January 30, 2026

   Average cash manager salary by state

   Rank	State	Avg. salary	Hourly rate
   1	California	$119,311	$57
   2	Connecticut	$104,054	$50
   3	New Jersey	$102,923	$49
   4	Nevada	$101,585	$49
   5	Maine	$98,099	$47
   6	New York	$97,237	$47
   7	Massachusetts	$93,018	$45
   8	Michigan	$92,201	$44
   9	Rhode Island	$91,827	$44
   10	Louisiana	$87,471	$42
   11	Pennsylvania	$87,438	$42
   12	Florida	$85,600	$41
   13	Arizona	$85,217	$41
   14	Illinois	$85,184	$41
   15	Kansas	$85,075	$41
   16	Minnesota	$83,627	$40
   17	Oregon	$82,324	$40
   18	Tennessee	$81,997	$39
   19	Texas	$80,364	$39
   20	South Carolina	$79,432	$38

   Average cash manager salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	PVH	$116,799	$56.15	5
   2	Bayer	$114,125	$54.87	1
   3	Jetro Cash & Carry Enterprises Inc.	$107,811	$51.83	27
   4	UBS	$107,690	$51.77	8
   5	VitalChek	$105,812	$50.87
   6	Beacon Building Products	$105,647	$50.79
   7	Fiserv	$105,157	$50.56	6
   8	CNA Insurance	$102,717	$49.38
   9	Ecolab	$102,396	$49.23	5
   10	Connors Group	$101,634	$48.86
   11	Landstar System	$100,780	$48.45
   12	Navigant Consulting	$100,509	$48.32
   13	Aspen Dental	$99,127	$47.66
   14	Pwc	$98,261	$47.24	1,223
   15	Shirley Ryan AbilityLab	$98,196	$47.21
   16	Joyson Safety Systems	$97,573	$46.91	1
   17	Crown Castle International	$96,164	$46.23
   18	Cooper University Health Care	$96,154	$46.23
   19	Carrington Mortgage Services, Mortgage Lending Division	$96,036	$46.17	2
   20	CARE	$95,460	$45.89	1

4. Writing a cash manager job description

   A cash manager job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of a cash manager job description:

   Cash manager job description example

   The Cash App Network Operations Team is responsible for building and managing a scalable payments ecosystem for a fast growing mobile payment app with multiple external and internal partners. Reporting to the Payment Optimization Lead, you'll be responsible for driving the operational excellence and continuous improvement for all existing and future payment methods to move funds into and out of the Cash App ecosystem. You will be working collaboratively with our finance, data science, and engineering partners to innovate, problem solve, and report out compelling narratives and opportunities utilizing our data. You'll lead data-driven conversations and bring important learnings to other teams internally at Cash App, as well as our external acquiring and network partners to drive strategic decision making and support the Network Operations team. You will be an evangelist for our performance KPIs, with the goal of ensuring that our payments ecosystem is measurable, traceable, and optimized, while exploring new innovative solutions that position Cash App for future success and growth.
   You will:
   
   Be the expert in all aspects of payments performance. Develop and execute actionable insights to drive positive impact to the business.
   
   Analyze, develop, and deploy sophisticated payment performance optimization strategies across Cash App's products and services.
   
   Partnering with analytics and data science, identify opportunities and risks from our payments data to provide clear solutions and a respected feedback loop.
   
   Design and monitor KPIs and reporting that capture deep insights on payment processing, including both industry standard reporting as well as Cash-specific metrics.
   
   Be a subject matter expert in the payments space, helping Cash App keep tabs on regulatory and network changes that impact our business.
   
   Drive external partners to resolve identified gaps, examine opportunities, and make recommendations to balance cost and payment performance.
   
   Partner and collaborate internally across multiple stakeholders to scope, influence, and drive implementation of new payment ideas and opportunities.
   
   Use data and expertise to build compelling narratives that communicate ideas and opportunities to gain buy in and build alignment, with both internal and external partners.
   
   Be a proactive executor and have a bias to action, working autonomously and with our engineering partners to jump into the details and problem solve.

   Copy this example

   

5. Post your job

   There are various strategies that you can use to find the right cash manager for your business:

   • Consider promoting from within or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to find candidates who meet your education requirements.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to reach potential job candidates.

   Post your job online:

   • Post your cash manager job on Zippia to find and recruit cash manager candidates who meet your exact specifications.
   • Use field-specific websites.
   • Post a job on free websites.

6. Interview candidates

   To successfully recruit cash managers, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.

   Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new cash manager

   Once you've found the cash manager candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.

   It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.

   After that, you can create an onboarding schedule for a new cash manager. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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How much does it cost to hire a cash manager?