Account administrator vs finance administrator

The differences between account administrators and finance administrators can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become an account administrator, becoming a finance administrator takes usually requires 6-8 years. Additionally, a finance administrator has an average salary of $55,541, which is higher than the $40,149 average annual salary of an account administrator.

The top three skills for an account administrator include customer service, data entry and financial statements. The most important skills for a finance administrator are customer service, financial aid, and powerpoint.

Account administrator vs finance administrator overview

	Account Administrator	Finance Administrator
Yearly salary	$40,149	$55,541
Hourly rate	$19.30	$26.70
Growth rate	6%	17%
Number of jobs	136,654	130,256
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 62%	Bachelor's Degree, 61%
Average age	47	46
Years of experience	6	8

What does an account administrator do?

An account administrator receives and verifies goods and services billing and requisitions in an organization. Account administrators review and reconcile accounts, maintain up-to-date receipts and invoice records, and process payments to the company's external partners. Often, they need to contact vendors and clients to be able to perform their tasks. They should be equipped with skills in payroll administration, management, and business expertise. There are also tools that they need to be proficient with, such as accounting software and quality management tools.

What does a finance administrator do?

A finance administrator is responsible for supporting the financial operations of an organization, handling the accuracy of financial transactions, and resolving discrepancies in the company's financial statements. Finance administrators analyze the company's financial performance, including its losses and revenues, writing financial reports, and providing recommendations for cost-reduction processes to minimize financial risks. They also handle the allocation of departmental budgets, assist in tax audits, and process invoices and payroll release. A finance administrator must have excellent analytical skills and an extensive knowledge of the financial industry.

Account administrator vs finance administrator salary

Account administrators and finance administrators have different pay scales, as shown below.

	Account Administrator	Finance Administrator
Average salary	$40,149	$55,541
Salary range	Between $29,000 And $54,000	Between $38,000 And $80,000
Highest paying City	Freeport, NY	Dover, DE
Highest paying state	New Jersey	Delaware
Best paying company	AbbVie	State Street
Best paying industry	Technology	Manufacturing

Differences between account administrator and finance administrator education

There are a few differences between an account administrator and a finance administrator in terms of educational background:

	Account Administrator	Finance Administrator
Most common degree	Bachelor's Degree, 62%	Bachelor's Degree, 61%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Account administrator vs finance administrator demographics

Here are the differences between account administrators' and finance administrators' demographics:

	Account Administrator	Finance Administrator
Average age	47	46
Gender ratio	Male, 29.4% Female, 70.6%	Male, 29.3% Female, 70.7%
Race ratio	Black or African American, 9.7% Unknown, 4.7% Hispanic or Latino, 19.2% Asian, 5.3% White, 60.5% American Indian and Alaska Native, 0.6%	Black or African American, 7.7% Unknown, 4.1% Hispanic or Latino, 14.8% Asian, 9.2% White, 63.9% American Indian and Alaska Native, 0.3%
LGBT Percentage	8%	11%

Differences between account administrator and finance administrator duties and responsibilities

Account administrator example responsibilities.

Manage all post-award management activities such as award processing, fund monitoring financial reporting and payroll reconciliation.
Post ACH bank deposits via company web portal and/or email remittances provide by the customers.
Assist conversion of the accounting system to an ERP system
Perform the task of verifying and sending the daily ACH origination files for bank customers.
Perform financial account management using QuickBooks.
Prepare monthly payroll and statutory tax deduction returns to the regulatory authorities.

Finance administrator example responsibilities.

Manage the design and implementation of appropriate controls as per Sarbanes-Oxley (SOX) and internal corporate procedures.
Manage key logistics and secure necessary resources within budget constraints.
Monitor all transactions in assign inventory finance portfolio to manage invoice funding approval decision.
Do A/P, A/R and G/L.
Prepare daily, weekly and monthly reports including fund loans, commissions, titles, A/P & A/R.
Assist families with Medicaid applications.

Account administrator vs finance administrator skills

Common account administrator skills

Customer Service, 25%
Data Entry, 10%
Financial Statements, 6%
Customer Inquiries, 5%
Computer System, 5%
Payroll, 5%

Common finance administrator skills

Customer Service, 17%
Financial Aid, 12%
PowerPoint, 7%
Rehabilitation, 7%
Balance Sheet, 4%
Human Resources, 4%

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Account Administrator
Account Administrator vs Finance Administrator

Updated January 8, 2025

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