"procedures," "customer service," and "financial statements" aren't the only skills we found cash managers list on their resumes. In fact, there's a whole list of cash manager responsibilities that we found, including: Organizational skills can be considered to be the most important personality trait for a cash manager to have. According to a cash manager resume, "because financial managers deal with a range of information and documents, they must stay organized to do their jobs effectively." Cash managers are able to use organizational skills in the following example we gathered from a resume: "handled monthly tax reports and payroll skills used organizational skills payroll quickbooks tax reports" Another trait important for fulfilling cash manager duties is analytical skills. According to a cash manager resume, "financial managers increasingly are assisting executives in making decisions that affect their organization, a task that requires analytical ability." Here's an example of how cash managers are able to utilize analytical skills: "developed customized, accurate working aging reports through our erp system for cleaner and more concise analysis of our total ar. " Cash managers are also known for communication skills, which can be critical when it comes to performing their duties. An example of why this skill is important is shown by this snippet that we found in a cash manager resume: "excellent communication skills are essential because financial managers must explain and justify complex financial transactions." We also found this resume example that details how this skill is put to the test: "deliver excellent customer service and communications skills. " In order for certain cash manager responsibilities to be completed, the job requires the skill "detail oriented." According to a cash manager resume, "in preparing and analyzing reports such as balance sheets and income statements, financial managers must be precise and attentive to their work in order to avoid errors." As an example, this snippet was taken directly from a resume about how this skill applies: "forged mutually beneficial relationships with financial institutions as part of objective to detail service mandates. " As part of the cash manager description, you might find that one of the skills that might be helpful to the job is "math skills." A cash manager resume included this snippet: "financial managers must be skilled in math, including algebra" This skill could be useful in this scenario: "monitored borrowing levels and statistics to ensure the company was in compliance with all debt covenants. "
See the full list of cash manager skills.
Before becoming a cash manager, 64.5% earned their bachelor's degree. When it comes down to graduating with a master's degree, 11.0% cash managers went for the extra education. If you're wanting to pursue this career, it may be possible to be successful with a high school degree. In fact, most cash managers have a college degree. But about one out of every eight cash managers didn't attend college at all.
The cash managers who went onto college to earn a more in-depth education generally studied business and accounting, while a small population of cash managers studied finance and economics.
Once you're ready to become a cash manager, you should explore the companies that typically hire cash managers. According to cash manager resumes that we searched through, cash managers are hired the most by Jetro Cash & Carry Enterprises, Accenture, and Verizon Communications. Currently, Jetro Cash & Carry Enterprises has 51 cash manager job openings, while there are 24 at Accenture and 7 at Verizon Communications.
If you're interested in companies where cash managers make the most money, you'll want to apply for positions at Key Safety Systems, PayPal, and Navigant Consulting. We found that at Key Safety Systems, the average cash manager salary is $109,766. Whereas at PayPal, cash managers earn roughly $103,486. And at Navigant Consulting, they make an average salary of $99,934.
View more details on cash manager salaries across the United States.
Some other companies you might be interested in as a cash manager include Procter & Gamble, JPMorgan Chase, and AT&T.; These three companies were found to hire the most cash managers from the top 100 U.S. educational institutions.
For the most part, cash managers make their living in the retail and finance industries. Cash managers tend to make the most in the automotive industry with an average salary of $91,926. The cash manager annual salary in the manufacturing and finance industries generally make $87,454 and $83,903 respectively. Additionally, cash managers who work in the automotive industry make 19.3% more than cash managers in the health care Industry.