Accounts receivable manager vs risk manager

The differences between accounts receivable 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 receivable manager and a risk manager. Additionally, a risk manager has an average salary of $116,072, which is higher than the $69,403 average annual salary of an accounts receivable manager.

The top three skills for an accounts receivable manager include customer service, accounts receivables and financial reports. The most important skills for a risk manager are oversight, risk assessments, and project management.

Accounts receivable manager vs risk manager overview

	Accounts Receivable Manager	Risk Manager
Yearly salary	$69,403	$116,072
Hourly rate	$33.37	$55.80
Growth rate	17%	17%
Number of jobs	53,859	75,795
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 55%	Bachelor's Degree, 66%
Average age	46	46
Years of experience	8	8

What does an accounts receivable manager do?

An accounts receivable manager is responsible for overseeing the financial matters in a business or company, focusing on the generated sales and income. Moreover, they are also responsible for maintaining an accurate and efficient collection of payments, conducting research and analysis, and supervising the workforce, striving to meet all the goals within the allotted time. As a manager in the department, it is also vital to lead fellow skilled professionals and implement the policies and regulations of the company or organization.

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 receivable manager vs risk manager salary

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

	Accounts Receivable Manager	Risk Manager
Average salary	$69,403	$116,072
Salary range	Between $42,000 And $114,000	Between $84,000 And $160,000
Highest paying City	San Francisco, CA	San Francisco, CA
Highest paying state	California	California
Best paying company	Meta	Credit Karma
Best paying industry	Technology	Technology

Differences between accounts receivable manager and risk manager education

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

	Accounts Receivable Manager	Risk Manager
Most common degree	Bachelor's Degree, 55%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Accounts receivable manager vs risk manager demographics

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

	Accounts Receivable Manager	Risk Manager
Average age	46	46
Gender ratio	Male, 25.0% Female, 75.0%	Male, 59.3% Female, 40.7%
Race ratio	Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 7.6% White, 65.1% 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 receivable manager and risk manager duties and responsibilities

Accounts receivable manager example responsibilities.

Manage payroll activities including calculating and distributing payroll checks and making monthly withholding deposits to the IRS via EFTPS website.
Accomplish, results-orient professional with a strong background in TABS3 management and QuickBooks utilization.
Manage all accounts receivable activities including billing, customer dispute resolution, cash application collections, write-offs and month-end reconciliations.
Review claims hold up in EDI, and initiate pathway in working claims edits, claims follow up and appeals.
Run GL transfer and post daily.
Utilize multiple ERP systems for billing and collection purposes.

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 receivable manager vs risk manager skills

Common accounts receivable manager skills

Customer Service, 14%
Accounts Receivables, 8%
Financial Reports, 6%
Reconciliations, 5%
Payroll, 4%
Customer Accounts, 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 Receivable Manager
Accounts Receivable Manager vs Risk Manager

Updated January 8, 2025

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