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The differences between senior finance 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 finance manager and a cash manager. Additionally, a senior finance manager has an average salary of $133,358, which is higher than the $93,363 average annual salary of a cash manager.
The top three skills for a senior finance manager include hyperion, financial performance and financial analysis. The most important skills for a cash manager are customer service, cash management, and treasury.
| Senior Finance Manager | Cash Manager | |
| Yearly salary | $133,358 | $93,363 |
| Hourly rate | $64.11 | $44.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 139,639 | 60,517 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A senior finance manager is an individual who supervises financial department staff members as well as monitors the daily financial operations within a company. Senior finance managers must keep track of the financial status and performance of the company so that they can identify areas for potential improvement. They review financial data and prepare reports to be presented to the management to help them in their business decision making. Senior finance managers must also maintain policies within the company and should have a deep understanding of financial regulations and legislations.
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 finance managers and cash managers have different pay scales, as shown below.
| Senior Finance Manager | Cash Manager | |
| Average salary | $133,358 | $93,363 |
| Salary range | Between $95,000 And $185,000 | Between $66,000 And $130,000 |
| Highest paying City | San Francisco, CA | Redding, CA |
| Highest paying state | California | California |
| Best paying company | Roku | PVH |
| Best paying industry | Professional | Manufacturing |
There are a few differences between a senior finance manager and a cash manager in terms of educational background:
| Senior Finance Manager | Cash Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 64% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior finance managers' and cash managers' demographics:
| Senior Finance Manager | Cash Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 70.3% Female, 29.7% | Male, 38.2% Female, 61.8% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% 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% |