Career Development

What Does a Cash Management Analyst Do?

Find out what a cash management analyst does, how to get this job, and what it takes to succeed as a cash management analyst.

Cash management analysts are responsible for managing the flow of money into and out of a company. They work with internal stakeholders to determine how much cash is needed at any given time, then they use their knowledge of financial markets and instruments to ensure that the company has enough funds on hand to meet its obligations.

In addition to this basic role, cash management analysts may also be tasked with analyzing data related to past transactions or future plans in order to identify trends or opportunities for improvement.

Cash Management Analyst Job Duties

A cash management analyst typically has a wide range of responsibilities, which can include:

  • Analyzing trends in cash inflows and outflows to ensure that cash needs can be met
  • Investigating and resolving any issues that may have led to a loss of funds
  • Working with internal stakeholders to develop a cash management plan and policies that meet organizational needs
  • Monitoring interest rates, currency exchange rates, and other economic indicators that could affect the organization’s cash flow
  • Preparing reports summarizing cash inflows and outflows for accounting purposes
  • Preparing reports on cash balances to help management make decisions about how much cash should be held in reserve
  • Coordinating with banks, brokers, and other financial institutions to manage accounts and investments
  • Preparing cash forecasts to help determine how much cash is needed to meet short-term obligations
  • Coordinating with accounting staff to ensure that payments are made according to company policies

Cash Management Analyst Salary & Outlook

Cash management analysts’ salaries vary depending on their level of education, years of experience, and the size and industry of the company. They may also earn additional compensation in the form of bonuses.

  • Median Annual Salary: $82,500 ($39.66/hour)
  • Top 10% Annual Salary: $122,000 ($58.65/hour)

The employment of cash management analysts is expected to grow at an average rate over the next decade.

Demand for these workers will depend on the demand for financial services, which in turn depends on the overall state of the economy. As firms offer more types of financial products and services, demand for cash management analysts will increase.

Related: In-Depth Cash Management Analyst Salary Guide

Cash Management Analyst Job Requirements

A cash management analyst typically needs to have the following qualifications:

Education: Cash management analysts are typically required to have a bachelor’s degree in finance, accounting or a related field. Some employers may prefer candidates who have a master’s degree in business administration (MBA).

Many cash management analysts choose to pursue an MBA to gain a deeper understanding of financial concepts and to increase their earning potential.

Training & Experience: Many companies will provide on-the-job training for cash management analysts. This training will typically last for a few weeks to a month and will teach you the basics of the job, including how to use the company’s financial software and how to perform daily tasks.

Certifications & Licenses: Certifications allow professionals to prove their qualifications to current and future employers. Cash management analysts can earn certifications to gain more theoretical and practical knowledge of their responsibilities, test their professional skills and further advance their career.

Cash Management Analyst Skills

Cash management analysts need the following skills in order to be successful:

Accounting: Cash management analysts use accounting skills to record and track financial data. They may use accounting software to create reports and analyze data. They may also use accounting skills to prepare budgets, forecast financial trends and make financial projections.

Data analysis: Data analysis is the ability to interpret and understand large amounts of data. Cash managers use data analysis to interpret financial data, such as profit margins, account balances and transaction histories. They also use data analysis to interpret data from other sources, such as customer surveys, employee feedback and market research.

Communication: Communication is the act of conveying information through speech, writing or other methods. As a cash management analyst, you may be required to communicate with other members of your team, clients and other stakeholders. Effective communication can help you convey information clearly and answer questions.

Critical thinking: Critical thinking is the ability to analyze a situation and determine the best course of action. As a cash management analyst, you may be responsible for devising a cash management strategy for a company. This may include forecasting the amount of cash the company will need in the future, determining the best way to store and invest the company’s cash and forecasting the company’s cash flow.

Organization: Cash management analysts often have to maintain records of large amounts of data. They may be responsible for tracking large amounts of financial data, such as bank statements, invoices and other financial documents. It’s important for cash management analysts to be organized so they can find the information they need quickly.

Cash Management Analyst Work Environment

Cash management analysts work in the finance department of a company and are responsible for managing the company’s cash flow. They work with the accounting and treasury departments to ensure that the company has enough cash on hand to meet its financial obligations. Cash management analysts typically work regular business hours, but they may be required to work overtime during busy periods. They may also travel to meet with clients or attend conferences. The work of cash management analysts is generally sedentary, but they may be required to stand or walk for long periods of time when working with clients or attending meetings.

Cash Management Analyst Trends

Here are three trends influencing how cash management analysts work. Cash management analysts will need to stay up-to-date on these developments to keep their skills relevant and maintain a competitive advantage in the workplace.

The Growth of Digital Payments

The growth of digital payments is a trend that is quickly changing the way we pay for goods and services. This trend is being driven by the increasing popularity of mobile devices, which make it easy to pay with just a few clicks.

As more businesses move towards digital payments, cash management analysts will need to learn how to manage these transactions. This includes developing systems to track payments and ensure that they are processed correctly.

More Focus on Risk Management

Risk management is becoming an increasingly important focus for businesses as they look for ways to protect themselves from financial loss. This means that cash management analysts will need to be well-versed in risk management techniques in order to keep their companies safe.

By understanding how to identify and mitigate risks, cash management analysts can help their companies avoid costly mistakes. They can also use this knowledge to find opportunities for growth and improvement.

Greater Use of Technology

Technology is playing an increasingly important role in business operations. This is especially true for cash management analysts, who are using technology to streamline their workflows and improve efficiency.

As technology becomes more prevalent, cash management analysts will need to learn how to use it effectively in order to stay competitive. This includes learning how to use software tools to track and manage money, as well as learning how to use social media to communicate with customers.

How to Become a Cash Management Analyst

A career as a cash management analyst can be very rewarding. It offers the opportunity to work in a variety of industries and with different types of companies. You’ll also have the chance to learn about new technologies and processes that are used in the banking industry.

To become a cash management analyst, you’ll need to have strong math skills and be able to think critically. You should also be comfortable working with numbers and data. Additionally, it’s important to have good communication skills so that you can effectively communicate your findings to other members of the team.

Related: How to Write a Cash Management Analyst Resume

Advancement Prospects

Advancement prospects for cash management analysts are good. With experience, analysts may move into positions with more responsibility, such as senior cash management analyst or cash management supervisor. Some analysts may eventually become treasurers or controllers. Some may open their own consulting firms.

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