Accounts payable manager vs risk manager

The differences between accounts payable managers and risk managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both an accounts payable manager and a risk manager. Additionally, a risk manager has an average salary of $116,072, which is higher than the $69,808 average annual salary of an accounts payable manager.

The top three skills for an accounts payable manager include customer service, reconciliations and purchase orders. The most important skills for a risk manager are oversight, risk assessments, and project management.

Accounts payable manager vs risk manager overview

	Accounts Payable Manager	Risk Manager
Yearly salary	$69,808	$116,072
Hourly rate	$33.56	$55.80
Growth rate	17%	17%
Number of jobs	53,384	75,795
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 66%
Average age	46	46
Years of experience	8	8

What does an accounts payable manager do?

An accounts payable manager is in charge of supervising a company's financial activities, particularly in all payable matters. Their primary responsibilities revolve around managing and assessing staff performances and overseeing check and payroll disbursements. They also take care of maintaining and securing records of employees, clients, and company finances, and implement company objectives while ensuring accuracy in all operations. Furthermore, as a manager, it is essential to uphold all company policies and regulations, all while leading and encouraging staff in a joint effort to accomplish goals and tasks.

What does a risk manager do?

A risk manager is responsible for analyzing potential risks that may affect the organization's operations, reputation, and market credibility. Risk managers identify risk controls and discuss business contingency plans for unforeseen circumstances to prevent delays in operational services. They also develop compliance training and programs for all the employees to provide them the awareness of the safety and security regulations within the company premises. A risk manager must have excellent communication and leadership skills, especially on handling and investigating cases that might compromise the business stability and financial status.

Accounts payable manager vs risk manager salary

Accounts payable managers and risk managers have different pay scales, as shown below.

	Accounts Payable Manager	Risk Manager
Average salary	$69,808	$116,072
Salary range	Between $51,000 And $95,000	Between $84,000 And $160,000
Highest paying City	Beaverton, OR	San Francisco, CA
Highest paying state	Oregon	California
Best paying company	Microsoft	Credit Karma
Best paying industry	Finance	Technology

Differences between accounts payable manager and risk manager education

There are a few differences between an accounts payable manager and a risk manager in terms of educational background:

	Accounts Payable Manager	Risk Manager
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 66%
Most common major	Accounting	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Accounts payable manager vs risk manager demographics

Here are the differences between accounts payable managers' and risk managers' demographics:

	Accounts Payable Manager	Risk Manager
Average age	46	46
Gender ratio	Male, 24.0% Female, 76.0%	Male, 59.3% Female, 40.7%
Race ratio	Black or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 8.0% White, 64.3% American Indian and Alaska Native, 0.3%	Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between accounts payable manager and risk manager duties and responsibilities

Accounts payable manager example responsibilities.

Manage bi-weekly payroll, bonuses, pay cards, PTO.
Collect, enter & manage the quality of information require to produce accurate information report to IRS.
Authorize all AP payment invoices, manage deposits and cash management functions, while providing overall complete payroll oversight.
Refine the 'pro forma invoice' system process to manage prepayments of client invoices enhancing efficiency and adding value.
Assist in computer software upgrade to integrate all accounting functions including pricing, AP, AR, GL and inventory.
Ensure timely and efficient processing of authorize AP invoices and cash disbursements, as well as AR invoices and cash receipts.

Risk manager example responsibilities.

Lead team in addressing Sarbanes-Oxley, HIPAA, and SAS70 compliance and control mandates.
Develop procedures and policies to manage site implementation of successful JD Edwards ERP system.
Direct staff, manage A/R and reconciliations, petty cash disbursements and tracking of all incoming claims and payments.
Manage the loan loss receivables SAS data mart, document change initiatives, implement SAS coding changes and process ongoing updates.
Manage accounting procedures and general ledger reconciliations.
Lead SOX project planning and implementation, successfully implement the corporate governance policies and internal control framework.

Accounts payable manager vs risk manager skills

Common accounts payable manager skills

Customer Service, 7%
Reconciliations, 6%
Purchase Orders, 5%
Vendor Invoices, 5%
Financial Statements, 4%
Payroll, 4%

Common risk manager skills

Oversight, 10%
Risk Assessments, 6%
Project Management, 6%
Portfolio, 5%
Strong Analytical, 4%
Operational Risk, 4%

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Accounts Payable Manager
Accounts Payable Manager vs Risk Manager

Updated January 8, 2025

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