Chief risk officer vs accounts receivable manager

The differences between chief risk officers and accounts receivable managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a chief risk officer and an accounts receivable manager. Additionally, a chief risk officer has an average salary of $117,089, which is higher than the $69,403 average annual salary of an accounts receivable manager.

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

Chief risk officer vs accounts receivable manager overview

	Chief Risk Officer	Accounts Receivable Manager
Yearly salary	$117,089	$69,403
Hourly rate	$56.29	$33.37
Growth rate	17%	17%
Number of jobs	76,203	53,859
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 55%
Average age	46	46
Years of experience	8	8

What does a chief risk officer do?

A chief risk officer is responsible for monitoring the organization's overall operational procedures and regulatory processes to evaluate risk levels and minimize risk exposure. Chief risk officers maintain the safety and security of all the databases and ensure the confidentiality of information from unauthorized access and distribution. They also oversee the business and financial transactions regularly to identify improvement solutions that would generate revenues and resources. A chief risk officer reviews incident reports and handles recovery methods, especially for business continuity plans during national emergencies and unfortunate situations.

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.

Chief risk officer vs accounts receivable manager salary

Chief risk officers and accounts receivable managers have different pay scales, as shown below.

	Chief Risk Officer	Accounts Receivable Manager
Average salary	$117,089	$69,403
Salary range	Between $72,000 And $188,000	Between $42,000 And $114,000
Highest paying City	San Francisco, CA	San Francisco, CA
Highest paying state	New Hampshire	California
Best paying company	McKinsey & Company Inc	Meta
Best paying industry	Finance	Technology

Differences between chief risk officer and accounts receivable manager education

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

	Chief Risk Officer	Accounts Receivable Manager
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 55%
Most common major	Finance	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Chief risk officer vs accounts receivable manager demographics

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

	Chief Risk Officer	Accounts Receivable Manager
Average age	46	46
Gender ratio	Male, 71.3% Female, 28.7%	Male, 25.0% Female, 75.0%
Race ratio	Black or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 13.8% Asian, 10.5% White, 63.4% American Indian and Alaska Native, 0.3%	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%
LGBT Percentage	11%	11%

Differences between chief risk officer and accounts receivable manager duties and responsibilities

Chief risk officer example responsibilities.

Manage investigation and reporting of occurrences to applicable regulatory agencies when indicate and facilitate disclosure to patients and families.
Develop the tools and process for aggregation of product level results to the entity level for all ERM risk modeling projects.
Analyze and develop treasury management reports.
Provide oversight for regulatory and compliance directives.
Provide oversight of product approval and development processes.
Specialize in SAS data mining software and analytic intelligence platform.

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.

Chief risk officer vs accounts receivable manager skills

Common chief risk officer skills

Oversight, 9%
Risk Assessments, 6%
Operational Risk, 6%
Human Resources, 5%
Audit Findings, 5%
Risk Management Framework, 4%

Common accounts receivable manager skills

Customer Service, 14%
Accounts Receivables, 8%
Financial Reports, 6%
Reconciliations, 5%
Payroll, 4%
Customer Accounts, 4%

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Chief Risk Officer
Chief Risk Officer vs Accounts Receivable Manager

Updated January 8, 2025

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