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.
Finance account manager responsibilities
Here are examples of responsibilities from real finance account manager resumes:
- 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.
- Maintain loan and interest calculations and prepare related journal entries.
- Process AP, AR, GL, inventory and payroll transactions.
- Play an instrumental role in Vizient s new AP software application implementation that enable its AP centralization.
- Provide accurate preparation and recordings that are relative to the AP function in accordance with retention policies and procedures.
- Develop project ranking and scoring process to balance between competing strategic initiatives and mandate SOX priorities.
- Implement and develop forms in PeopleSoft utilizing deliver functionality.
- Process bi-weekly payroll transactions via ADP system and monitor salary expenditures.
- Streamline internal SOX require commitment letter for all sales fund promotional programs by instituting an automate standardized commitment letter form.
- Establish financial objectives and policies, recommend development of accounting, finance and treasury policies and procedures for corporation and subsidiaries.
Finance account manager skills and personality traits
We calculated that 14% of Finance Account Managers are proficient in Financial Services, Account Management, and Financial Analysis. They’re also known for soft skills such as Analytical skills, Communication skills, and Detail oriented.
We break down the percentage of Finance Account Managers that have these skills listed on their resume here:
- Financial Services, 14%
Lead Account Manager for Financial Services relationship management division driven to ensure positive client experience and maximization of revenue.
- Account Management, 8%
Account Financial Manager Account management and financial controller for multiple Chrysler Corporation automotive interior programs.
- Financial Analysis, 7%
Partnered with operating units by providing financial analysis, strategic guidance and identifying risks and opportunities.
- Customer Relationships, 6%
Establish customer relationships and follow up with customers, as needed.
- Payroll, 4%
Developed multiple procedures which improved financial accounting operations including a procedure to supply check figures and error location for payroll input.
- Financial Models, 4%
Prepare financial models for new investment scenarios, Investment appraisals and analysis for acquisitions.
"financial services," "account management," and "financial analysis" are among the most common skills that finance account managers use at work. You can find even more finance account manager responsibilities below, including:
Analytical skills. The most essential soft skill for a finance account manager to carry out their responsibilities is analytical skills. This skill is important for the role because "to assist executives in making decisions, financial managers need to evaluate data and information that affects their organization." Additionally, a finance account manager resume shows how their duties depend on analytical skills: "managed all sales, purchasing, customer and inventory data using tam retail erp system. "
Communication skills. Another essential skill to perform finance account manager duties is communication skills. Finance account managers responsibilities require that "financial managers must be able to explain and justify complex financial transactions." Finance account managers also use communication skills in their role according to a real resume snippet: "oversee records and electronic communications for 20 customer accounts. "
Detail oriented. Another skill that relates to the job responsibilities of finance account managers is detail oriented. This skill is critical to many everyday finance account manager duties, as "in preparing and analyzing reports, such as balance sheets and income statements, financial managers must be precise and attentive to their work in order to avoid errors." This example from a resume shows how this skill is used: "prepared detailed weekly reporting of key changes in customer accounts. "
Math skills. For certain finance account manager responsibilities to be completed, the job requires competence in "math skills." The day-to-day duties of a finance account manager rely on this skill, as "financial managers need strong skills in certain branches of mathematics, including algebra." For example, this snippet was taken directly from a resume about how this skill applies to what finance account managers do: "reviewed monthly operating statistics, prepared analysis of financial operations and oversaw the administration of casino self-audits. "
Organizational skills. A commonly-found skill in finance account manager job descriptions, "organizational skills" is essential to what finance account managers do. Finance account manager responsibilities rely on this skill because "because financial managers deal with a range of information and documents, they must have structures in place to be effective in their work." You can also see how finance account manager duties rely on organizational skills in this resume example: "developed financial models and forecasts to assist the company in making strategic, operational and organizational decisions. "
The three companies that hire the most finance account managers are:
- Nelnet76 finance account managers jobs
- EPAM Systems14 finance account managers jobs
- Medpace13 finance account managers jobs
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Compare different finance account managers
Finance account manager vs. Manager finance planning and analysis
A manager finance planning and analysis oversees the daily operations of a company's financial planning department. They typically have administrative duties such as setting goals and guidelines, establishing timelines and budgets, delegating tasks among teams and staff, and reviewing financial reports regularly. They also perform research and assessments, gather and analyze financial data from different departments, coordinate staff, and solve issues and concerns when any arise. Additionally, as a manager, they must lead and empower staff to reach goals while implementing company policies and regulations.
There are some key differences in the responsibilities of each position. For example, finance account manager responsibilities require skills like "financial services," "account management," "customer relationships," and "credit card." Meanwhile a typical manager finance planning and analysis has skills in areas such as "customer service," "process improvement," "visualization," and "direct reports." This difference in skills reveals the differences in what each career does.
Managers finance planning and analysis tend to make the most money working in the manufacturing industry, where they earn an average salary of $109,735. In contrast, finance account managers make the biggest average salary, $82,619, in the manufacturing industry.managers finance planning and analysis tend to reach higher levels of education than finance account managers. In fact, managers finance planning and analysis are 11.0% more likely to graduate with a Master's Degree and 0.5% less likely to have a Doctoral Degree.Finance account manager vs. Cash manager
A cash manager is responsible for monitoring cash flow, analyzing financial transactions, and allocating adequate budget and resources for every department's operations. Cash managers conduct data and statistical analysis to determine the company's expenses and financial loss and strategize techniques in minimizing those risks. They also help senior management in identifying business opportunities that would generate more revenue resources and increase profits for the business. A cash manager handles billing disputes, resolves account discrepancies, and submits accurate financial reports.
Each career also uses different skills, according to real finance account manager resumes. While finance account manager responsibilities can utilize skills like "financial services," "account management," "customer relationships," and "financial models," cash managers use skills like "customer service," "cash management," "treasury," and "financial statements."
Cash managers may earn a higher salary than finance account managers, but cash managers earn the most pay in the manufacturing industry with an average salary of $101,436. On the other hand, finance account managers receive higher pay in the manufacturing industry, where they earn an average salary of $82,619.cash managers earn similar levels of education than finance account managers in general. They're 1.5% less likely to graduate with a Master's Degree and 0.5% less likely to earn a Doctoral Degree.What technology do you think will become more important and prevalent for finance account managers in the next 3-5 years?
Nate Peach Ph.D.
Associate Professor of Economics, George Fox University
Finance account manager vs. Administrative & finance manager
An administrative and finance manager handles a company's expenditures, requests, invoices, and other financial documentation. Their primary duty is to oversee a finance team's daily work. Additionally, they must coordinate financial staff, ensure that orders from management are carried out, complete the company's financial statements, and provide tax data for the legal department.
Some important key differences between the two careers include a few of the skills necessary to fulfill the responsibilities of each. Some examples from finance account manager resumes include skills like "financial services," "account management," "customer relationships," and "payroll," whereas an administrative & finance manager is more likely to list skills in "payroll processing," "human resources," "oversight," and "administrative procedures. "
Administrative & finance managers earn the best pay in the insurance industry, where they command an average salary of $92,645. Finance account managers earn the highest pay from the manufacturing industry, with an average salary of $82,619.Most administrative & finance managers achieve a higher degree level compared to finance account managers. For example, they're 7.4% more likely to graduate with a Master's Degree, and 0.1% more likely to earn a Doctoral Degree.Finance account manager vs. Business manager-finance manager
A business manager/finance manager is responsible for handling the financial transactions of an organization, analyzing financial reports, and monitor investment activities. Business managers/finance managers strategize effective techniques to boost the organization's financial performance and identify business opportunities to increase revenues. They also prepare financial statements and assist senior management in making corporate decisions by conducting data and statistical analysis by studying market trends. A business manager/finance manager must have excellent critical thinking and analytical skills, especially in calculating costs and expenses to minimize the company's loss and stabilize profits.
Even though a few skill sets overlap between finance account managers and business manager-finance managers, there are some differences that are important to note. For one, a finance account manager might have more use for skills like "financial services," "account management," "customer relationships," and "credit card." Meanwhile, some responsibilities of business manager-finance managers require skills like "project management," "oversight," "shared services," and "process improvement. "
The finance industry tends to pay the highest salaries for business manager-finance managers, with average annual pay of $115,910. Comparatively, the highest finance account manager annual salary comes from the manufacturing industry.The average resume of business manager-finance managers showed that they earn higher levels of education compared to finance account managers. So much so that theyacirc;euro;trade;re 6.9% more likely to earn a Master's Degree and less likely to earn a Doctoral Degree by 0.2%.Types of finance account manager
Updated January 8, 2025
