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Closing manager vs assistant manager

The differences between closing managers and assistant managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a closing manager and an assistant manager. Additionally, a closing manager has an average salary of $60,249, which is higher than the $39,127 average annual salary of an assistant manager.

The top three skills for a closing manager include customer service, cleanliness and escrow. The most important skills for an assistant manager are paperwork, cleanliness, and customer service.

Closing manager vs assistant manager overview

Closing ManagerAssistant Manager
Yearly salary$60,249$39,127
Hourly rate$28.97$18.81
Growth rate6%6%
Number of jobs107,728566,132
Job satisfaction-4.5
Most common degreeBachelor's Degree, 42%Bachelor's Degree, 42%
Average age4344
Years of experience66

What does a closing manager do?

A Closing Manager communicates and interacts with performance teams, Quality Review teams, and other managers to ensure staffing needs match the profit, loss, and capacity plan. They confirm that all team members meet the required work expectation quality. In addition to setting and managing production and work quality expectations, Closing Managers also use positive reinforcement, recognition, and team building activities to encourage and lead staff to success. They also control and send daily production email messages with current production issues, production tips, and more.

What does an assistant manager do?

An assistant manager provides assistance and support to the direct manager in ensuring that the business runs smoothly with guaranteed satisfaction. An associate manager helps organize daily projects and manages employees to make sure that tasks are being done in a timely and accurate manner. Assistant managers are also expected to develop a good relationship with the whole workforce and clients to contribute to a successful and healthy workplace. An assistant manager is also required to present practical strategies for business growth, monitor daily operations, and communicate with clients for any possible suggestions and complaints.

Closing manager vs assistant manager salary

Closing managers and assistant managers have different pay scales, as shown below.

Closing ManagerAssistant Manager
Average salary$60,249$39,127
Salary rangeBetween $33,000 And $108,000Between $23,000 And $64,000
Highest paying CityNew York, NYNew York, NY
Highest paying stateRhode IslandNew Jersey
Best paying companyBetterSimpson Thacher & Bartlett
Best paying industry-Finance

Differences between closing manager and assistant manager education

There are a few differences between a closing manager and an assistant manager in terms of educational background:

Closing ManagerAssistant Manager
Most common degreeBachelor's Degree, 42%Bachelor's Degree, 42%
Most common majorBusinessBusiness
Most common collegeSUNY College of Technology at DelhiUniversity of Georgia

Closing manager vs assistant manager demographics

Here are the differences between closing managers' and assistant managers' demographics:

Closing ManagerAssistant Manager
Average age4344
Gender ratioMale, 47.0% Female, 53.0%Male, 42.0% Female, 58.0%
Race ratioBlack or African American, 9.4% Unknown, 4.7% Hispanic or Latino, 16.9% Asian, 6.4% White, 61.9% American Indian and Alaska Native, 0.7%Black or African American, 6.3% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 6.4% White, 67.0% American Indian and Alaska Native, 0.5%
LGBT Percentage9%10%

Differences between closing manager and assistant manager duties and responsibilities

Closing manager example responsibilities.

  • Manage shipping and delivering loans to FNMA.
  • Manage MERS registration of new loans, all transfers after purchase and QC for MERS.
  • Manage escrow and title operations staff and organize responsibilities.
  • Company originated/sold loans under guidelines of FNMA, FHLMC, FHA, VA, USDA and state bond programs.
  • Work closely with the on-site FNMA account managers.
  • Review in house originate residential loans for RESPA compliance.
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Assistant manager example responsibilities.

  • Manage and approve all advertising and promotional activity (weekly flyers).
  • Manage a team in order to reach daily, monthly, and yearly monetary, KPI, and loyalty goals.
  • Assist with customer service, organize employee payroll and scheduling, and manage day-to-day company responsibilities.
  • Maintain customer base by providing excellent customer service, maintaining facilities cleanliness, preparing daily reports and managing other cashiers.
  • Provide exceptional customer service by serving food and bartending during the restaurant s busiest hours of operation
  • Assist customers and operate POS register, unload stock delivery truck, stock merchandise and build displays, make bank deposits.
  • Show more

Closing manager vs assistant manager skills

Common closing manager skills
  • Customer Service, 22%
  • Cleanliness, 16%
  • Escrow, 4%
  • Performance Reviews, 3%
  • Food Quality, 3%
  • POS, 3%
Common assistant manager skills
  • Paperwork, 10%
  • Cleanliness, 9%
  • Customer Service, 7%
  • Math, 7%
  • Basic Math, 6%
  • Payroll, 4%