How To Become A Cash Manager: What It Is and Career Path

What is a cash manager and how to become one

Updated January 8, 2025

4 min read

Often, we lump accountants together. We think that everyone working in the accounting department handles similar things. Well, that could not be farther from the truth. Accountants often manage a specific aspect of accounting, such as payables, receivables, cash flow tracking, among others. Experienced accountants in activities related to cash management are eventually given the role of Cash Manager.

Cash managers are in charge of all the aspects of the cash management function. They manage processes related to cash management, often creating efficient ways to manage revenue collection. They also ensure that reports related to the cash management function are submitted on time. In line with this, they also ensure that all governing rules and regulations are followed at all times.

Being a cash manager is a big responsibility. You should be able to build trust with both the management team and your colleagues. You should also work with integrity at all times. This will ensure your success in the role.

ScoreCash ManagerUS Average

Salary

7.3

Avg. Salary $93,363

Avg. Salary $59,228

Stability Level

9.5

Growth Rate 17%

Growth Rate 0.3%

Diversity

3.5

Race

American Indian and Alaska Native 0.34%

Asian 8.01%

Black or African American 7.98%

Hispanic or Latino 15.45%

Unknown 4.12%

White 64.09%

Gender

female 61.84%

male 38.16%

Age - 46

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 46

Stress Level

9.5

Stress level is very high

7.1 - high

Complexity Level

9.3

Complexity Level is advanced

7 - challenging

Work Life Balance

4.9

Work Life balance is fair

6.4 - fair

Key steps to become a cash manager

Explore cash manager education requirements

Most common cash manager degrees

Bachelor's

64.5 %

Associate

13.0 %

Master's

11.0 %

Start to develop specific cash manager skills

Skills	Percentages
Customer Service	32.25%
Cash Management	9.56%
Treasury	5.96%
Financial Statements	4.17%
Reconciliations	3.64%

Complete relevant cash manager training and internships

Accountants spend an average of 1-3 months on post-employment, on-the-job training. New cash managers learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a cash manager based on U.S. Bureau of Labor Statistics data and data from real cash manager resumes.

Research cash manager duties and responsibilities

Lead and implement design of finance functions of new ERP system.
Manage day-to-day operational processing of securities lending program along with performing frequent analysis and audits for management reporting.
Process weekly ACH sweeps from depository accounts to corporate, wire transfers and other banking functions using PC.
Convert the in house manual system to an ADP ERP system.

Prepare your cash manager resume

When your background is strong enough, you can start writing your cash manager resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a cash manager resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose From 10+ Customizable Cash Manager Resume templates

Build a professional Cash Manager resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your Cash Manager resume.

Apply for cash manager jobs

Now it's time to start searching for a cash manager job. Consider the tips below for a successful job search:

Browse job boards for relevant postings
Consult your professional network
Reach out to companies you're interested in working for directly
Watch out for job scams

How do cash managers rate their job?