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Become An Assistant Account Manager

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Working As An Assistant Account Manager

  • Interacting With Computers
  • Communicating with Supervisors, Peers, or Subordinates
  • Guiding, Directing, and Motivating Subordinates
  • Coaching and Developing Others
  • Establishing and Maintaining Interpersonal Relationships
  • Deal with People

  • Unpleasant/Angry People

  • Mostly Sitting

  • Make Decisions

  • $69,000

    Average Salary

What Does An Assistant Account Manager Do

Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.

Duties

Financial managers typically do the following:

  • Prepare financial statements, business activity reports, and forecasts
  • Monitor financial details to ensure that legal requirements are met
  • Supervise employees who do financial reporting and budgeting
  • Review company financial reports and seek ways to reduce costs
  • Analyze market trends to maximize profits and find expansion opportunities
  • Help management make financial decisions

The role of the financial manager, particularly in business, is changing in response to technological advances that have substantially reduced the amount of time it takes to produce financial reports. Financial managers’ main responsibility used to be monitoring a company’s finances, but they now do more data analysis and advise senior managers on ways to maximize profits. They often work on teams, acting as business advisors to top executives.

Financial managers also do tasks that are specific to their organization or industry. For example, government financial managers must be experts on government appropriations and budgeting processes, and healthcare financial managers must know about topics in healthcare finance. Moreover, financial managers must be knowledgeable about special tax laws and regulations that affect their industry.

The following are examples of types of financial managers:

Chief financial officers (CFOs) are accountable for the accuracy of a company’s or organization’s financial reporting, especially among publicly traded companies. As head of a company’s entire financial department, they manage the lower level financial managers. They oversee the company’s financial goals, objectives, and budgets.

Controllers direct the preparation of financial reports that summarize and forecast the organization’s financial position, such as income statements, balance sheets, and analyses of future earnings or expenses. Controllers also are in charge of preparing special reports required by governmental agencies that regulate businesses. Often, controllers oversee the accounting, audit, and budget departments of their organization.

Treasurers and finance officers direct their organization’s budgets to meet its financial goals. They oversee the investment of funds and carry out strategies to raise capital (such as issuing stocks or bonds) to support the firm’s expansion. They also develop financial plans for mergers (two companies joining together) and acquisitions (one company buying another).

Credit managers oversee their firm’s credit business. They set credit-rating criteria, determine credit ceilings, and monitor the collections of past-due accounts.

Cash managers monitor and control the flow of cash that comes in and goes out of the company to meet the company’s business and investment needs. For example, they must project cash flow (amounts coming in and going out) to determine whether the company will have a shortage or surplus of cash. 

Risk managers control financial risk by using strategies to limit or offset the probability of a financial loss or a company’s exposure to financial uncertainty. Among the risks they try to limit are those that stem from currency or commodity price changes.

Insurance managers decide how best to limit a company’s losses by obtaining insurance against risks, such as the need to make disability payments for an employee who gets hurt on the job or the costs imposed by a lawsuit against the company.

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How To Become An Assistant Account Manager

Financial managers typically have a bachelor’s degree and 5 years or more of experience in another business or financial occupation, such as an accountant, securities sales agent, or financial analyst.

Education

A bachelor's degree in finance, accounting, economics, or business administration is often the minimum education needed for financial managers. However, many employers now seek candidates with a master’s degree, preferably in business administration, finance, or economics. These academic programs help students develop analytical skills and learn financial analysis methods and software.

Licenses, Certifications, and Registrations

Professional certification is not required, but some financial managers still get it to demonstrate a level of competence. The CFA Institute confers the Chartered Financial Analyst (CFA) certification to investment professionals who have at least a bachelor’s degree, 4 years of work experience, and pass three exams. The Association for Financial Professionals confers the Certified Treasury Professional credential to those who pass an exam and have a minimum of 2 years of relevant experience.

Work Experience in a Related Occupation

Financial managers usually have experience in another business or financial occupation. For example, they may have worked as a loan officer, accountant, securities sales agent, or financial analyst. 

In some cases, companies provide formal management training programs to help prepare highly motivated and skilled financial workers to become financial managers.

Important Qualities

Analytical skills. Financial managers increasingly are assisting executives in making decisions that affect their organization, a task which requires analytical ability.

Communication skills. Excellent communication skills are essential because financial managers must explain and justify complex financial transactions.

Detail oriented. In preparing and analyzing reports such as balance sheets and income statements, financial managers must be precise and attentive to their work in order to avoid errors.

Math skills. Financial managers must be skilled in math, including algebra. An understanding of international finance and complex financial documents also is important.

Organizational skills. Financial managers deal with a range of information and documents and so they must stay organized to do their jobs effectively.

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Assistant Account Manager Jobs

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Help others decide if this is a good career for them

Average Length of Employment
Account Leader 3.4 years
Account Officer 3.2 years
Account Supervisor 3.1 years
Account Manager 2.9 years
Account Associate 2.8 years
Top Careers Before Assistant Account Manager
Internship 8.3%
Cashier 5.1%
Manager 3.8%
Accountant 3.4%
Assistant 2.9%
Server 2.7%
Supervisor 2.5%
Top Careers After Assistant Account Manager
Accountant 4.2%
Manager 4.2%
Cashier 2.9%
Owner 2.7%

Do you work as an Assistant Account Manager?

Assistant Account Manager Demographics

Gender

Female

52.7%

Male

35.9%

Unknown

11.4%
Ethnicity

White

57.7%

Hispanic or Latino

16.2%

Black or African American

11.2%

Asian

10.5%

Unknown

4.5%
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Foreign Languages Spoken

Spanish

44.4%

French

7.7%

Mandarin

6.9%

Chinese

5.2%

German

5.2%

Arabic

4.4%

Hindi

3.6%

Korean

3.2%

Portuguese

3.2%

Italian

2.8%

Russian

2.4%

Cantonese

2.0%

Japanese

1.6%

Vietnamese

1.2%

Gujarati

1.2%

Urdu

1.2%

Polish

1.2%

Dutch

0.8%

Ukrainian

0.8%

Aramaic

0.8%
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Assistant Account Manager Education

Schools

University of Phoenix

23.8%

Temple University

6.2%

Southern New Hampshire University

6.2%

Northeastern University

5.7%

Strayer University

4.9%

Kaplan University

4.6%

University of Houston

4.3%

Arizona State University

4.1%

University of Central Florida

3.8%

Florida Atlantic University

3.8%

San Diego State University

3.5%

Florida State University

3.5%

American InterContinental University

3.5%

Rowan University

3.5%

Syracuse University

3.2%

Georgia State University

3.2%

University of Massachusetts Amherst

3.2%

University of Maryland - University College

3.0%

Pennsylvania State University

3.0%

University of Texas at Austin

3.0%
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Majors

Business

32.8%

Accounting

14.2%

Communication

7.1%

Finance

6.5%

Marketing

6.0%

Criminal Justice

4.3%

Management

3.6%

Psychology

3.3%

Health Care Administration

2.8%

Political Science

2.5%

English

2.0%

Public Relations

1.9%

Human Resources Management

1.9%

General Studies

1.8%

Economics

1.8%

Education

1.7%

Graphic Design

1.6%

Liberal Arts

1.5%

History

1.4%

Journalism

1.4%
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Degrees

Bachelors

48.4%

Other

19.2%

Masters

15.7%

Associate

9.6%

Certificate

4.3%

Diploma

1.6%

Doctorate

0.7%

License

0.5%
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Job type you want
Full Time
Part Time
Internship
Temporary
Average Yearly Salary
$69,000
View Detailed Salary Report
$48,000
Min 10%
$69,000
Median 50%
$69,000
Median 50%
$69,000
Median 50%
$69,000
Median 50%
$69,000
Median 50%
$69,000
Median 50%
$69,000
Median 50%
$98,000
Max 90%
Best Paying Company
Netflix
Highest Paying City
Cupertino, CA
Highest Paying State
Washington
Avg Experience Level
2.5 years
How much does an Assistant Account Manager make at top companies?
The national average salary for an Assistant Account Manager in the United States is $69,464 per year or $33 per hour. Those in the bottom 10 percent make under $48,000 a year, and the top 10 percent make over $98,000.

Real Assistant Account Manager Salaries

Job Title Company Location Start Date Salary
Assistant Account Manager KPIT Infosystems, Inc. Edison, NJ Jan 09, 2016 $84,300
Assistant Account Manager KPIT Infosystems, Inc. Edison, NJ Sep 01, 2015 $76,300
Assistant Account Manager KPIT Infosystems, Inc. Edison, NJ Sep 01, 2014 $76,300
Assistant Manager-Finance & Accounts Polaris Software Lab (India) Ltd. Iselin, NJ Dec 04, 2013 $73,800
Assistant Manager-Finance & Accounts Polaris Software Lab (India) Ltd. Iselin, NJ Dec 04, 2010 $73,800
Assistant Account Manager KPIT Infosystems, Inc. Iselin, NJ Oct 01, 2011 $67,200
Assistant Account Manager-China Market XPEL Technologies Corp. San Antonio, TX Sep 11, 2015 $66,830
Assistant Account Manager KPIT Infosystems, Inc. Columbus, IN Jan 09, 2016 $65,704
Assistant Manager-Accounts and Finance Komli Media Incorporated New York, NY Oct 15, 2012 $65,000
Assistant Account Manager KPIT Infosystems, Inc. Columbus, IN Sep 01, 2015 $64,893
Assistant Manager-Finance & Accounts Polaris Software Lab (India) Ltd. Center, PA Feb 06, 2014 $61,600
Assistant Account Manager KPIT Infosystems, Inc. Columbus, IN Sep 01, 2014 $60,819
Assistant Account Manager KPIT Infosystems, Inc. Fridley, MN Oct 01, 2011 $60,700
Assistant Manager-Finance & Accounts Polaris Software Lab (India) Ltd. Iselin, NJ Nov 09, 2013 $60,000
Assistant Manager-Finance & Accounts Take Solutions, Inc. Princeton, NJ Jan 30, 2012 $60,000
Assistant Manager-Finance & Accounts Polaris Software Lab (India) Ltd. Iselin, NJ Nov 08, 2010 $53,000
Assistant Manager-Finance & Accounts Polaris Software Lab (India) Ltd. Iselin, NJ Nov 20, 2010 $53,000
Assistant Account Manager KPIT Infosystems, Inc. Columbus, IN Oct 01, 2011 $51,502
Assistant Account Manager Carpet Enterprises, Inc. Redding, CT Aug 10, 2009 $50,088
Assistant Manager-International Assurance & Accoun KNAV P.A. Duluth, GA Sep 23, 2014 $50,000
Assistant Accounts Manager Northwest Atlanta Automotive Group, LLC Kennesaw, GA Jul 08, 2014 $47,424

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Top Skills for An Assistant Account Manager

  1. Customer Service
  2. Financial Statements
  3. Payroll
You can check out examples of real life uses of top skills on resumes here:
  • Received multiple reviews acknowledging my level of dedication to excellent customer service.
  • Coordinate and review monthly financial statements for accuracy and monitor coding of cash receipt
  • Provided administrative assistance of payroll and human resource services under general supervision by general manager.
  • Installed, modified, documented and coordinated implementation of accounting systems and accounting control procedures.
  • Developed, maintain and enhance relationships with insurance companies, manage care organizations and workers compensations companies.

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Top 10 Best States for Assistant Account Managers

  1. District of Columbia
  2. Connecticut
  3. Alaska
  4. Massachusetts
  5. California
  6. Washington
  7. New York
  8. Rhode Island
  9. Minnesota
  10. Oregon
  • (97 jobs)
  • (145 jobs)
  • (32 jobs)
  • (334 jobs)
  • (1,643 jobs)
  • (291 jobs)
  • (803 jobs)
  • (26 jobs)
  • (221 jobs)
  • (153 jobs)

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