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Accounting manager/controller vs finance manager

The differences between accounting managers/controller and finance managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become an accounting manager/controller, becoming a finance manager takes usually requires 6-8 years. Additionally, a finance manager has an average salary of $101,374, which is higher than the $93,973 average annual salary of an accounting manager/controller.

The top three skills for an accounting manager/controller include reconciliations, CPA and internal controls. The most important skills for a finance manager are financial analysis, CPA, and customer service.

Accounting manager/controller vs finance manager overview

Accounting Manager/ControllerFinance Manager
Yearly salary$93,973$101,374
Hourly rate$45.18$48.74
Growth rate6%17%
Number of jobs58,292125,345
Job satisfaction-5
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 66%
Average age4446
Years of experience48

What does an accounting manager/controller do?

An accounting manager/controller is responsible for spearheading and overseeing the daily operations in a company's accounting department. They monitor the company's budgets, including its costs and expenditures, and produce financial reports. It is also their duty to establish objectives and guidelines, manage accounting staff, monitor financial activities, review and assess financial statements, approve expenditures, and resolve issues promptly and efficiently. Furthermore, as an accounting manager/controller, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.

What does a finance manager do?

A finance manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports. A finance manager must have excellent analytical skills and knowledge of the accounting and financial industry. They are responsible for providing the best recommendations for the organization's growth.

Accounting manager/controller vs finance manager salary

Accounting managers/controller and finance managers have different pay scales, as shown below.

Accounting Manager/ControllerFinance Manager
Average salary$93,973$101,374
Salary rangeBetween $66,000 And $133,000Between $71,000 And $144,000
Highest paying CityAlbany, NYNew York, NY
Highest paying stateNew YorkNew York
Best paying companyAmazonBarclays
Best paying industryTechnologyFinance

Differences between accounting manager/controller and finance manager education

There are a few differences between an accounting manager/controller and a finance manager in terms of educational background:

Accounting Manager/ControllerFinance Manager
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 66%
Most common majorAccountingBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Accounting manager/controller vs finance manager demographics

Here are the differences between accounting managers/controller' and finance managers' demographics:

Accounting Manager/ControllerFinance Manager
Average age4446
Gender ratioMale, 48.4% Female, 51.6%Male, 60.0% Female, 40.0%
Race ratioBlack or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 12.1% White, 63.6% American Indian and Alaska Native, 0.5%Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3%
LGBT Percentage7%11%

Differences between accounting manager/controller and finance manager duties and responsibilities

Accounting manager/controller example responsibilities.

  • Establish investment objectives to efficiently manage IPO proceeds within state risk parameters.
  • Prepare and provide information as needed to independent auditors and outside CPA for tax compliance; coordinate activities of external auditors.
  • Perform treasury and cash management responsibilities.
  • Standardize balancing methods for semi-weekly payroll and quarterly payroll tax returns gaining consistency among four banks.
  • Mentore, motivate and train the finance staff in their areas of the department and QuickBooks.
  • Correct the ERP system to properly reflect accurate costing of inventory and proper reflection of costs.
  • Show more

Finance manager example responsibilities.

  • Manage the preparation of monthly reporting packs and board presentations with robust variance analysis, commentaries and forward looking KPIs.
  • Manage a team of sales persons, business managers, sales manager, A/R, A/P, and general managers.
  • Lead successful sales team and provide direct oversight on overall dealership business profitability.
  • Manage accounts payable/receivable, deposits, payroll preparation, purchasing and inventory management, liaison to accountant.
  • Oversee financial analysis, financial audits, G/L, A/R, A/P and fixed-asset accounting in accordance with GAAP standards.
  • Execute simple SQL queries to validate data in tables.
  • Show more

Accounting manager/controller vs finance manager skills

Common accounting manager/controller skills
  • Reconciliations, 7%
  • CPA, 7%
  • Internal Controls, 6%
  • GAAP, 5%
  • Cash Management, 5%
  • Payroll Taxes, 5%
Common finance manager skills
  • Financial Analysis, 7%
  • CPA, 7%
  • Customer Service, 6%
  • Hyperion, 4%
  • Financial Models, 4%
  • Strong Analytical, 4%

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