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Closing manager vs co-manager

The differences between closing managers and co-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 a co-manager. Additionally, a co-manager has an average salary of $64,962, which is higher than the $60,249 average annual salary of a closing manager.

The top three skills for a closing manager include customer service, cleanliness and escrow. The most important skills for a co-manager are payroll, customer service, and food safety.

Closing manager vs co-manager overview

Closing ManagerCo-Manager
Yearly salary$60,249$64,962
Hourly rate$28.97$31.23
Growth rate6%6%
Number of jobs107,728258,234
Job satisfaction--
Most common degreeBachelor's Degree, 42%Bachelor's Degree, 52%
Average age4343
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 a co-manager do?

A co-manager's role is to supervise business operations and perform administrative tasks as support to a manager. One of the primary functions of a co-manager is to delegate tasks of team members and arrange schedules. They also evaluate progress, produce the necessary documentation, maintain a record of data, identify issues and opportunities, and assist in coordinating with other employees. A co-manager may also have the task of hiring and training new workforce members, enforcing policies and regulations at all times.

Closing manager vs co-manager salary

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

Closing ManagerCo-Manager
Average salary$60,249$64,962
Salary rangeBetween $33,000 And $108,000Between $35,000 And $119,000
Highest paying CityNew York, NYNew York, NY
Highest paying stateRhode IslandMassachusetts
Best paying companyBetterGUESS
Best paying industry-Retail

Differences between closing manager and co-manager education

There are a few differences between a closing manager and a co-manager in terms of educational background:

Closing ManagerCo-Manager
Most common degreeBachelor's Degree, 42%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common collegeSUNY College of Technology at DelhiSUNY College of Technology at Delhi

Closing manager vs co-manager demographics

Here are the differences between closing managers' and co-managers' demographics:

Closing ManagerCo-Manager
Average age4343
Gender ratioMale, 47.0% Female, 53.0%Male, 44.3% Female, 55.7%
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, 8.8% Unknown, 4.7% Hispanic or Latino, 16.8% Asian, 7.1% White, 62.0% American Indian and Alaska Native, 0.7%
LGBT Percentage9%9%

Differences between closing manager and co-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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Co-manager example responsibilities.

  • Partner in managing operations of multiple retail outlets, including hiring, performance management, scheduling, and merchandising management.
  • Supervise an ethnically diverse staff ensuring in stock availability, quality control, cleanliness, and overall customer satisfaction.
  • Provide a quick and convenient trip for customers through efficient communication, having item prices memorize and mental math.
  • Prepare and review opening and closing sales reports, as well as opening and closing the POS systems every day.
  • Retail POS system database maintenance to ensure accurate information for store operating reports.
  • Develop and train associates for entry level management position with emphasizes on leadership and delegation.
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Closing manager vs co-manager skills

Common closing manager skills
  • Customer Service, 22%
  • Cleanliness, 16%
  • Escrow, 4%
  • Performance Reviews, 3%
  • Food Quality, 3%
  • POS, 3%
Common co-manager skills
  • Payroll, 8%
  • Customer Service, 7%
  • Food Safety, 6%
  • Loss Prevention, 6%
  • Perform Routine Maintenance, 5%
  • Store Sales, 5%