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Finance account manager vs assistant account manager

The differences between finance account managers and assistant account 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 finance account manager and an assistant account manager. Additionally, a finance account manager has an average salary of $68,403, which is higher than the $45,905 average annual salary of an assistant account manager.

The top three skills for a finance account manager include financial services, account management and financial analysis. The most important skills for an assistant account manager are HR, emergency situations, and account management.

Finance account manager vs assistant account manager overview

Finance Account ManagerAssistant Account Manager
Yearly salary$68,403$45,905
Hourly rate$32.89$22.07
Growth rate17%17%
Number of jobs184,766115,363
Job satisfaction--
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 62%
Average age4646
Years of experience88

What does a finance account manager do?

The job of a finance account manager is to oversee, monitor, and evaluate the day-to-day activities of an organization's accounting department. As a finance account manager, you will perform a variety of tasks that may include assisting the accountant with reports and client settlement transactions, developing and implementing operational procedures and policies, and monitoring and analyzing accounting data. You will also be responsible for producing financial statements and reports and ensuring that the organization's financial accounting goals and objectives are met.

What does an assistant account manager do?

An assistant account manager is in charge of performing clerical support tasks for account managers. Their responsibilities revolve around preparing and processing documents, answering calls and correspondence, taking part in managing schedules and budgets, arranging meetings and appointments, and performing research and analysis to identify new business opportunities. They may also pursue sales leads, reaching out to clients to offer products or services. Furthermore, as an assistant account manager, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.

Finance account manager vs assistant account manager salary

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

Finance Account ManagerAssistant Account Manager
Average salary$68,403$45,905
Salary rangeBetween $46,000 And $100,000Between $31,000 And $66,000
Highest paying CitySan Francisco, CAToms River, NJ
Highest paying statePennsylvaniaNew Jersey
Best paying companyThe New York Times CompanyElanco
Best paying industryManufacturingProfessional

Differences between finance account manager and assistant account manager education

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

Finance Account ManagerAssistant Account Manager
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 62%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance account manager vs assistant account manager demographics

Here are the differences between finance account managers' and assistant account managers' demographics:

Finance Account ManagerAssistant Account Manager
Average age4646
Gender ratioMale, 48.7% Female, 51.3%Male, 40.4% Female, 59.6%
Race ratioBlack or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.1% Asian, 10.0% White, 64.1% American Indian and Alaska Native, 0.3%Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.3% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between finance account manager and assistant account manager duties and responsibilities

Finance account manager example responsibilities.

  • Manage staff, insurance and patient AR, and bookkeeping functions, which include payroll.
  • Monitor all transactions in assign inventory finance portfolio to manage invoice funding approval decision.
  • Input deals and prepare customer information through ADP and CDK services.
  • Identify several ongoing reporting mistakes and leverage accounting experience to determine and implement solutions to align with the standard accounting policy.
  • Attend weekly meetings to stay update in Medicare billing changes and company policy updates.
  • Process gross pay, state and federal tax withholding, social security, Medicare and other deductions for all employees.
  • Show more

Assistant account manager example responsibilities.

  • Capitalize on strong organizational and interpersonal skills to expertly manage the regional provider enrollment system for Medicare and Medicaid memberships.
  • Prepare account reconciliations, investigate differences and conduct expense analysis and maintain the company's fix assets system.
  • Allocate revenue of sales, cash flow, inflow and outflow, wire transfers to ensure compliance with GAAP accounting standards.
  • Full responsibility accounting including month end/year end close, reconciliations, budgets, forecasts and performance management.
  • Work closely with CPA firm on annual tax filings.
  • Submit product return claims through documentation and EDI transmissions.
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Finance account manager vs assistant account manager skills

Common finance account manager skills
  • Financial Services, 14%
  • Account Management, 8%
  • Financial Analysis, 7%
  • Customer Relationships, 6%
  • Payroll, 4%
  • Financial Models, 4%
Common assistant account manager skills
  • HR, 25%
  • Emergency Situations, 24%
  • Account Management, 6%
  • Insurance Policies, 4%
  • Quality Customer Service, 4%
  • Financial Statements, 4%

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