What is Cash Handling Job?
Cash handling jobs refer to positions that require employees to manage, process, and maintain cash transactions. These jobs can be found in various industries, including retail, hospitality, banking, and finance. The main responsibility of a cash handler is to ensure the accuracy and security of all cash transactions, including counting, verifying, and recording cash and other financial instruments. Cash handling jobs can be entry-level positions, but they can also lead to more senior roles in finance or accounting.
What Do You Usually Do in This Position?
Cash handling jobs can involve a variety of tasks, depending on the specific position and industry. Some common tasks include counting and verifying cash, preparing deposits, reconciling cash drawers, and managing cash flow. In some positions, cash handlers may also be responsible for customer service, including answering questions and resolving issues related to cash transactions. In addition, cash handlers may need to follow strict security protocols to prevent theft or fraud, including maintaining a secure cash handling environment and following proper cash handling procedures.
Top 5 Skills for This Position
1. Attention to Detail - Cash handling jobs require a high degree of accuracy and attention to detail to ensure that all cash transactions are recorded and processed correctly.
2. Customer Service - Many cash handling jobs involve interacting with customers, so strong customer service skills are essential.
3. Math Skills - Cash handlers need to be able to count and verify cash accurately and quickly.
4. Organization - Cash handlers need to be organized and able to manage multiple tasks at once, including preparing deposits, reconciling cash drawers, and managing cash flow.
5. Security Awareness - Cash handlers need to be aware of security protocols and able to follow them to prevent theft or fraud.
How to Become a Cash Handling Specialist
Cash handling jobs typically require a high school diploma or equivalent, although some positions may require a college degree. Some employers may also require cash handling experience or specific certifications, such as a Certified Cash Handling Professional (CCHP) designation. To become a cash handling specialist, it is important to develop strong math skills, attention to detail, and customer service skills. Additionally, taking courses or training programs in accounting, finance, or cash handling can help prepare for a career in this field.
Average Salary
The average salary for cash handling jobs varies depending on the industry and location. According to the Bureau of Labor Statistics, the median annual wage for cashiers, a common entry-level cash handling position, was $23,650 in May 2020. However, cash handling jobs in finance, banking, and other industries may offer higher salaries, especially for more experienced professionals.
Roles and Types
Cash handling jobs can be found in a variety of industries and roles, including:
- Cashier: A front-line position that involves processing cash transactions and providing customer service.
- Teller: A position in banking that involves handling cash deposits, withdrawals, and other financial transactions.
- Cash Office Coordinator: A role that involves managing the cash flow for a business, including preparing deposits and reconciling cash drawers.
- Cash Management Specialist: A more senior role that involves managing the overall cash flow for a business or organization, including forecasting cash needs and implementing cash management strategies.
Locations with the Most Popular Jobs in USA
Cash handling jobs can be found throughout the United States, but some locations may offer more opportunities than others. Some of the top cities for cash handling jobs include:
- New York, NY
- Los Angeles, CA
- Chicago, IL
- Houston, TX
- Dallas, TX
What Are the Typical Tools?
Cash handling jobs typically require the use of various tools and equipment, including:
- Cash counting machines: These machines are used to count and verify cash quickly and accurately.
- Cash registers: Cash registers are used to process cash transactions and provide receipts.
- Deposit bags: These bags are used to transport cash and other financial instruments to banks or other secure locations.
- Security equipment: Cash handling jobs may require the use of security cameras, alarms, and other equipment to prevent theft or fraud.
In Conclusion
Cash handling jobs can offer an entry point into various industries, including retail, banking, and finance. These positions require strong attention to detail, math skills, and customer service skills. With the right training and experience, cash handling jobs can lead to more senior roles in finance or accounting.