A Manager of Cash Management, also known as a Cash Management Manager, is a professional responsible for overseeing the cash management activities of an organization. Cash management involves the efficient and effective management of a company’s cash flows, including monitoring, controlling, and optimizing the cash position to meet operational needs and financial objectives. Manager Cash Management
Cash Forecasting: Developing and maintaining accurate cash flow forecasts to determine the organization’s cash needs and ensure sufficient liquidity.
Cash Position Management: Monitoring and analyzing the organization’s daily cash position, including cash inflows, outflows, and account balances.
Cash Flow Optimization: Implementing strategies and practices to optimize cash flow, minimize idle cash, and maximize returns on surplus funds.
Cash Reporting and Analysis: Generating regular reports on cash positions, variances, and trends, and providing analysis to management for decision-making purposes.
Working Capital Management:
Banking Relationship Management:
Cash Handling Policies and Procedures: Developing and implementing policies, procedures, and controls to ensure the secure and efficient handling of cash, including cash collection, cash disbursement, and reconciliation processes.
Skills
Analytical Skills: Proficiency in financial analysis, forecasting techniques, and data interpretation to assess cash flow patterns and make informed decisions.
Risk Management: Knowledge of risk identification, assessment, and mitigation techniques to manage cash flow risks, such as liquidity risk and interest rate risk.
Banking and Treasury Services: Familiarity with various cash management products, services, and banking platforms offered by financial institutions.
Communication and Collaboration: Excellent interpersonal and communication skills to collaborate with internal stakeholders, banks, and other external parties.
Attention to Detail: Strong attention to detail to ensure accuracy in cash management activities, reconcile accounts, and identify discrepancies.
Problem-Solving: Ability to identify and address cash management issues, implement solutions, and handle unexpected cash flow challenges.
