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The differences between finance account managers and cash managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a finance account manager and a cash manager. Additionally, a cash manager has an average salary of $93,363, which is higher than the $68,403 average annual salary of a finance account manager.
The top three skills for a finance account manager include financial services, account management and financial analysis. The most important skills for a cash manager are customer service, cash management, and treasury.
| Finance Account Manager | Cash Manager | |
| Yearly salary | $68,403 | $93,363 |
| Hourly rate | $32.89 | $44.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 184,766 | 60,517 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
The job of a finance account manager is to oversee, monitor, and evaluate the day-to-day activities of an organization's accounting department. As a finance account manager, you will perform a variety of tasks that may include assisting the accountant with reports and client settlement transactions, developing and implementing operational procedures and policies, and monitoring and analyzing accounting data. You will also be responsible for producing financial statements and reports and ensuring that the organization's financial accounting goals and objectives are met.
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.
Finance account managers and cash managers have different pay scales, as shown below.
| Finance Account Manager | Cash Manager | |
| Average salary | $68,403 | $93,363 |
| Salary range | Between $46,000 And $100,000 | Between $66,000 And $130,000 |
| Highest paying City | San Francisco, CA | Redding, CA |
| Highest paying state | Pennsylvania | California |
| Best paying company | The New York Times Company | PVH |
| Best paying industry | Manufacturing | Manufacturing |
There are a few differences between a finance account manager and a cash manager in terms of educational background:
| Finance Account Manager | Cash Manager | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance account managers' and cash managers' demographics:
| Finance Account Manager | Cash Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 48.7% Female, 51.3% | Male, 38.2% Female, 61.8% |
| Race ratio | Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.1% Asian, 10.0% White, 64.1% American Indian and Alaska Native, 0.3% | 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 | 11% | 11% |