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The differences between senior credit 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 senior credit manager and a cash manager. Additionally, a senior credit manager has an average salary of $133,806, which is higher than the $93,363 average annual salary of a cash manager.
The top three skills for a senior credit manager include risk management, credit risk and credit analysis. The most important skills for a cash manager are customer service, cash management, and treasury.
| Senior Credit Manager | Cash Manager | |
| Yearly salary | $133,806 | $93,363 |
| Hourly rate | $64.33 | $44.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 47,642 | 60,517 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
Senior credit managers are financial professionals who are responsible for overseeing the credit granting process for a financial institution. These managers are required to develop risk management solution strategies so that the institution can maintain risk and improve profitability. They must screen the credit history of applicants as well as to conduct interviews to minimize credit risk and potential monetary loss. They must also conduct credit analysis and financial risk evaluations by gathering and analyzing all types of credit information on new and existing customers.
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.
Senior credit managers and cash managers have different pay scales, as shown below.
| Senior Credit Manager | Cash Manager | |
| Average salary | $133,806 | $93,363 |
| Salary range | Between $84,000 And $211,000 | Between $66,000 And $130,000 |
| Highest paying City | Las Vegas, NV | Redding, CA |
| Highest paying state | Alaska | California |
| Best paying company | Credit Karma | PVH |
| Best paying industry | Manufacturing | Manufacturing |
There are a few differences between a senior credit manager and a cash manager in terms of educational background:
| Senior Credit Manager | Cash Manager | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior credit managers' and cash managers' demographics:
| Senior Credit Manager | Cash Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 64.2% Female, 35.8% | Male, 38.2% Female, 61.8% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 9.9% White, 63.7% 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% |