Cash office associates perform various tasks in the cash office that ensure all money transactions are done correctly. Their essential duties include processing transactions, collecting checks, making cash deposits, and maintaining records of incoming and outgoing cash. They typically work in private companies to attend to cash transactions of employees, but they may also find opportunities in banks and other financial institutions.
Cash office associates work in a secure office and have typical eight-hour shifts during the company or bank's business hours. They usually spend most of their time sitting in front of a computer and interacting with customers or employees.
The role of a cash office associate usually requires a bachelor's degree in finance, accounting, or business-related fields. Prior experience is a plus but is not always required, as this is an entry-level job. Furthermore, a cash office associate must have basic skills in MS Office, math, and conducting financial transactions.
On average, cash office associates make around $46,000, depending on their employer and level of experience. Over time, they may be able to secure higher positions in the finance department, which are often supervisory roles.
There is more than meets the eye when it comes to being a cash office associate. For example, did you know that they make an average of $40.73 an hour? That's $84,723 a year!
Between 2018 and 2028, the career is expected to grow -4% and produce -138,700 job opportunities across the U.S.
There are certain skills that many cash office associates have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed communication skills, dexterity and near vision.
When it comes to the most important skills required to be a cash office associate, we found that a lot of resumes listed 26.1% of cash office associates included customer service, while 8.3% of resumes included front end, and 8.2% of resumes included sales floor. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the cash office associate job title. But what industry to start with? Most cash office associates actually find jobs in the retail and finance industries.
If you're interested in becoming a cash office associate, one of the first things to consider is how much education you need. We've determined that 31.9% of cash office associates have a bachelor's degree. In terms of higher education levels, we found that 4.2% of cash office associates have master's degrees. Even though some cash office associates have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a cash office associate. When we researched the most common majors for a cash office associate, we found that they most commonly earn bachelor's degree degrees or high school diploma degrees. Other degrees that we often see on cash office associate resumes include associate degree degrees or diploma degrees.
You may find that experience in other jobs will help you become a cash office associate. In fact, many cash office associate jobs require experience in a role such as cashier. Meanwhile, many cash office associates also have previous career experience in roles such as sales associate or customer service representative.