Closing manager vs department manager

The differences between closing managers and department 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 department manager. Additionally, a department manager has an average salary of $67,160, 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 department manager are inventory management, sales promotions, and cleanliness.

Closing manager vs department manager overview

	Closing Manager	Department Manager
Yearly salary	$60,249	$67,160
Hourly rate	$28.97	$32.29
Growth rate	6%	5%
Number of jobs	107,728	330,327
Job satisfaction	-	4
Most common degree	Bachelor's Degree, 42%	Bachelor's Degree, 46%
Average age	43	43
Years of experience	6	6

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 department manager do?

Department managers oversee the operations of the department they are assigned to. They manage all aspects of the operation, including finance, sales, quality control, and human resources. They set department goals and the steps the team needs to take to ensure that the goals are met. Department managers are also in charge of training team members so that these team members will be able to work together harmoniously. They should also be able to keep the team's goal in sight and adjust their strategy as needed.

Closing manager vs department manager salary

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

	Closing Manager	Department Manager
Average salary	$60,249	$67,160
Salary range	Between $33,000 And $108,000	Between $39,000 And $115,000
Highest paying City	New York, NY	New York, NY
Highest paying state	Rhode Island	New Jersey
Best paying company	Better	Ralph Lauren
Best paying industry	-	Manufacturing

Differences between closing manager and department manager education

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

	Closing Manager	Department Manager
Most common degree	Bachelor's Degree, 42%	Bachelor's Degree, 46%
Most common major	Business	Business
Most common college	SUNY College of Technology at Delhi	SUNY College of Technology at Delhi

Closing manager vs department manager demographics

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

	Closing Manager	Department Manager
Average age	43	43
Gender ratio	Male, 47.0% Female, 53.0%	Male, 51.8% Female, 48.2%
Race ratio	Black 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, 9.3% Unknown, 4.7% Hispanic or Latino, 16.8% Asian, 7.0% White, 61.6% American Indian and Alaska Native, 0.7%
LGBT Percentage	9%	9%

Differences between closing manager and department 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.

Department manager example responsibilities.

Participate in company's ISO certification program, successfully achieving ISO [] and AS9100 certification.
Manage and delegate over lumber-building materials department including millwork department.
Manage electronics, wireless connection center, layaway and online order/pickup departments.
Develop schedules; manage payroll; multitask extensively to ensure competing requirements are complete.
Monitor and maximize sales and payroll by identifying sales opportunities and managing controllable expenses.
Manage geotechnical aspects of an EIR/EIS for a coastal development in an environmentally sensitive lagoon.

Closing manager vs department manager skills

Common closing manager skills

Customer Service, 22%
Cleanliness, 16%
Escrow, 4%
Performance Reviews, 3%
Food Quality, 3%
POS, 3%

Common department manager skills

Inventory Management, 38%
Sales Promotions, 17%
Cleanliness, 13%
Customer Service, 8%
Sales Floor, 3%
Product Knowledge, 2%

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Closing Manager
Closing Manager vs Department Manager

Updated January 8, 2025

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