Cash Office Assistant Job Description

In financial institutions, daily large amounts of cash transactions take place. To ensure the smooth functioning of these transactions, cash office assistants are required. They are the ones who are responsible for all cash related transactions. For further information, read the cash office assistant job description, we have provided for your read.

As stated, there a hundreds of cash transactions that take place in a financial institutions. Hence, we require a dedicated work force looking after those transactions. They handle all the cash, check, money orders and any other financial tool used in the institutions. They are mainly employed with banks, stores, or any other place where cash transactions are commonplace. Even in companies, where a petty cash account is maintained, cash office assistants are employed.

The assistants have to make entries for all the transactions, and balance the books at the end of the day, so it becomes easy for the accountants to balance all the accounts. Receipts also have to be issued by them for the transactions. The assistants also have to make reports for their heads regarding the transaction. They also have to immediately report any discrepancies they find in the cash.

Since they have to work with numbers all day long, they should have a love for numbers. They should be good with basic math, despite the fact that they have the best calculative tools at their disposal. They should know all the latest developments in accounting software. This will help them adjust to any new software that their company may start using. These are just a few duties of the duties that are a part of the cash office assistant job description.

The education required for this position is not too much, just a bachelor' degree in the relevant field is sufficient. Some additional courses in accounting are also helpful. The money they make is also pretty decent. If still not convinced, read the cash office assistant job description given in detail below.

Duties and Responsibilities of a Cash Office Assistant

They are in charge of all the cash transactions that take place
They have to make entries for all the transactions daily and balance the books at the end of the day
They have to make reports about the daily happenings in their department
They have to make money available in case the superiors require for company transactions
They have to check the money requests with their superiors before sanctioning them
They have to report any discrepancies they find with the transactions
They have to make sure all the collections are made on time from the debtors of the company
They should train new assistants the company hires
They have to know all the accounting software of the company
They should help the accountant of the company to maintain all the accounts

Education Required for the Position

A bachelor's degree in finance or accounting
Additional courses in accounting and accounting software are helpful

Career Advancement

Many use this position as a stepping stone to accounting jobs. Even though, the pay is decent in this post, the salaries are much higher in accounting jobs.

According to the cash office assistant job description, this job has gained a lot of importance. Even non-financial institutions are hiring cash office assistants, as money transactions take place in even such companies. Not to mention the growing economy, the money is getting big and institutions are in shortage of qualified people; hence, there quite a few openings for this position.

See Also

Cashier Job Description