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The differences between actuarial managers and accounts payable 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 actuarial manager and an accounts payable manager. Additionally, an actuarial manager has an average salary of $75,827, which is higher than the $69,808 average annual salary of an accounts payable manager.
The top three skills for an actuarial manager include medicaid, financial analysis and financial results. The most important skills for an accounts payable manager are customer service, reconciliations, and purchase orders.
| Actuarial Manager | Accounts Payable Manager | |
| Yearly salary | $75,827 | $69,808 |
| Hourly rate | $36.46 | $33.56 |
| Growth rate | 17% | 17% |
| Number of jobs | 59,285 | 53,384 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 58% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
Actuarial managers supervise all the actuary employees and the actuary department. They meet the clients and get to know the type of data and statistics they need. Besides reviewing the actuaries' performance and predictions and analysis accuracy, actuarial managers also prepare reports featuring all the information and ensure each data's accuracy before submission. Other duties performed by actuarial managers include meeting with company heads from time to time and updating them on matters relating to the actuarial figures.
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.
Actuarial managers and accounts payable managers have different pay scales, as shown below.
| Actuarial Manager | Accounts Payable Manager | |
| Average salary | $75,827 | $69,808 |
| Salary range | Between $39,000 And $144,000 | Between $51,000 And $95,000 |
| Highest paying City | Bridgeport, CT | Beaverton, OR |
| Highest paying state | Connecticut | Oregon |
| Best paying company | Prudential Financial | Microsoft |
| Best paying industry | Insurance | Finance |
There are a few differences between an actuarial manager and an accounts payable manager in terms of educational background:
| Actuarial Manager | Accounts Payable Manager | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 58% |
| Most common major | Mathematics | Accounting |
| Most common college | University of Notre Dame | University of Pennsylvania |
Here are the differences between actuarial managers' and accounts payable managers' demographics:
| Actuarial Manager | Accounts Payable Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 65.2% Female, 34.8% | Male, 24.0% Female, 76.0% |
| Race ratio | Black or African American, 5.7% Unknown, 4.0% Hispanic or Latino, 10.2% Asian, 7.9% White, 71.9% American Indian and Alaska Native, 0.3% | 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% |
| LGBT Percentage | 11% | 11% |