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Finance account manager vs finance controller

The differences between finance account managers and finance controllers 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 a finance controller. Additionally, a finance controller has an average salary of $105,869, which is higher than the $68,403 average annual salary of a finance account manager.

The top three skills for a finance account manager include financial services, account management and financial analysis. The most important skills for a finance controller are CPA, payroll, and financial controller.

Finance account manager vs finance controller overview

Finance Account ManagerFinance Controller
Yearly salary$68,403$105,869
Hourly rate$32.89$50.90
Growth rate17%17%
Number of jobs184,76697,342
Job satisfaction--
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 70%
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 a finance controller do?

A financial controller is primarily in charge of the daily finance activities and accounting functions of a company. Their responsibilities typically revolve around preparing and organizing financial reports, analyzing data and looking out for any discrepancies or inconsistencies, and overseeing the company's overall revenues and expenditures. A financial controller must also maintain documentation, participate in risk assessment and budgeting activities, and develop strategies for profit growth. Furthermore, one must coordinate with other department staff to ensure accuracy, all while implementing the company's policies and regulations.

Finance account manager vs finance controller salary

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

Finance Account ManagerFinance Controller
Average salary$68,403$105,869
Salary rangeBetween $46,000 And $100,000Between $71,000 And $156,000
Highest paying CitySan Francisco, CAYonkers, NY
Highest paying statePennsylvaniaNew York
Best paying companyThe New York Times CompanySage Memorial Hospital
Best paying industryManufacturingTechnology

Differences between finance account manager and finance controller education

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

Finance Account ManagerFinance Controller
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 70%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance account manager vs finance controller demographics

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

Finance Account ManagerFinance Controller
Average age4646
Gender ratioMale, 48.7% Female, 51.3%Male, 61.5% Female, 38.5%
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, 63.2% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between finance account manager and finance controller 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

Finance controller example responsibilities.

  • Lead the implementation of a fully integrate ERP system resulting in increase financial integrity.
  • Supervise a staff of seven in the areas of A/P, A/R, G/L, financial reporting and payroll.
  • Coordinate annual financial audit with external CPA firm and implement internal controls to satisfy recommendations from auditors.
  • Develop and implement procedures with internal controls for all financial and operational processes to ensure GAAP compliance.
  • Prepare all accounts for the month-end closing process and additionally gather information for daily/monthly reconciliations and journal entries.
  • Work with outside CPA on year-end tax planning; ensure the timely filing and payment of corporate taxes.
  • Show more

Finance account manager vs finance controller skills

Common finance account manager skills
  • Financial Services, 14%
  • Account Management, 8%
  • Financial Analysis, 7%
  • Customer Relationships, 6%
  • Payroll, 4%
  • Financial Models, 4%
Common finance controller skills
  • CPA, 7%
  • Payroll, 7%
  • Financial Controller, 7%
  • GAAP, 5%
  • General Ledger, 5%
  • Internal Controls, 5%

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