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The differences between senior tax 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 tax manager and a cash manager. Additionally, a cash manager has an average salary of $93,363, which is higher than the $92,363 average annual salary of a senior tax manager.
The top three skills for a senior tax manager include CPA, client relationships and taxation. The most important skills for a cash manager are customer service, cash management, and treasury.
| Senior Tax Manager | Cash Manager | |
| Yearly salary | $92,363 | $93,363 |
| Hourly rate | $44.41 | $44.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 65,323 | 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 tax manager is responsible for overseeing an organization's tax responsibilities and ensuring that the accounting processes adhere to the state regulations and local procedures. Senior tax managers evaluate tax documents and prepare tax returns timely and efficiently. They assess the accuracy of tax provisions and implement strategic methods to resolve taxation issues by conducting research on existing tax laws and obligations. A senior tax manager must have excellent communication and organizational skills, especially in coordinating with clients to inform them of their tax updates and completion.
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 tax managers and cash managers have different pay scales, as shown below.
| Senior Tax Manager | Cash Manager | |
| Average salary | $92,363 | $93,363 |
| Salary range | Between $66,000 And $128,000 | Between $66,000 And $130,000 |
| Highest paying City | Washington, DC | Redding, CA |
| Highest paying state | New Hampshire | California |
| Best paying company | Microsoft | PVH |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a senior tax manager and a cash manager in terms of educational background:
| Senior Tax Manager | Cash Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 64% |
| Most common major | Accounting | Business |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between senior tax managers' and cash managers' demographics:
| Senior Tax Manager | Cash Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 62.2% Female, 37.8% | Male, 38.2% Female, 61.8% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% 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% |