Assurance manager vs finance manager

The differences between assurance managers and finance 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 assurance manager and a finance manager. Additionally, a finance manager has an average salary of $101,374, which is higher than the $80,075 average annual salary of an assurance manager.

The top three skills for an assurance manager include client service, internal controls and business development. The most important skills for a finance manager are financial analysis, CPA, and customer service.

Assurance manager vs finance manager overview

	Assurance Manager	Finance Manager
Yearly salary	$80,075	$101,374
Hourly rate	$38.50	$48.74
Growth rate	17%	17%
Number of jobs	78,670	125,345
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 66%
Average age	46	46
Years of experience	8	8

What does an assurance manager do?

An assurance manager is in charge of overseeing the quality assurance procedures in a manufacturing facility. Among their responsibilities include supervising quality assurance teams, setting goals and guidelines, managing budgets and schedules, gathering and analyzing data, producing progress reports, liaising with internal and external parties, and addressing issues and concerns, resolving them in a timely and efficient manner. Moreover, as a manager, it is essential to lead and encourage the staff to reach goals 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.

Assurance manager vs finance manager salary

Assurance managers and finance managers have different pay scales, as shown below.

	Assurance Manager	Finance Manager
Average salary	$80,075	$101,374
Salary range	Between $55,000 And $115,000	Between $71,000 And $144,000
Highest paying City	San Francisco, CA	New York, NY
Highest paying state	California	New York
Best paying company	Meta	Barclays
Best paying industry	Technology	Finance

Differences between assurance manager and finance manager education

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

	Assurance Manager	Finance Manager
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 66%
Most common major	Accounting	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Assurance manager vs finance manager demographics

Here are the differences between assurance managers' and finance managers' demographics:

	Assurance Manager	Finance Manager
Average age	46	46
Gender ratio	Male, 70.6% Female, 29.4%	Male, 60.0% Female, 40.0%
Race ratio	Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3%	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 Percentage	11%	11%

Differences between assurance manager and finance manager duties and responsibilities

Assurance manager example responsibilities.

Develop and manage CAPA systems, including tracking follow-up activities and maintaining databases to maximize efficiency and accuracy.
Manage complex development programs consisting of multiple geographically separate teams supporting automation, regression, feature test and system test.
Ensure compliance with all regulatory standards including TSA, CTPAT, and ISO.
Enhance the ISO auditing process at operational levels by organizing trial runs to facilitate employee involvement.
Perform the branch's first Sarbanes-Oxley financial audit for a public water utility within budget and deadline.
Design automation test plan, automation test suites and implement them using Java and PHP language for all brands.

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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.

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Assurance manager vs finance manager skills

Common assurance manager skills

Client Service, 9%
Internal Controls, 7%
Business Development, 7%
Risk Assessments, 6%
Assurance Services, 5%
Internal Audit, 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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Updated January 8, 2025

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