Finance administrator vs finance account manager

The differences between finance administrators and finance 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 administrator and a finance account manager. Additionally, a finance account manager has an average salary of $68,403, which is higher than the $55,541 average annual salary of a finance administrator.

The top three skills for a finance administrator include customer service, financial aid and powerpoint. The most important skills for a finance account manager are financial services, account management, and financial analysis.

Finance administrator vs finance account manager overview

	Finance Administrator	Finance Account Manager
Yearly salary	$55,541	$68,403
Hourly rate	$26.70	$32.89
Growth rate	17%	17%
Number of jobs	130,256	184,766
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 61%	Bachelor's Degree, 70%
Average age	46	46
Years of experience	8	8

What does a finance administrator do?

A finance administrator is responsible for supporting the financial operations of an organization, handling the accuracy of financial transactions, and resolving discrepancies in the company's financial statements. Finance administrators analyze the company's financial performance, including its losses and revenues, writing financial reports, and providing recommendations for cost-reduction processes to minimize financial risks. They also handle the allocation of departmental budgets, assist in tax audits, and process invoices and payroll release. A finance administrator must have excellent analytical skills and an extensive knowledge of the financial industry.

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 administrator vs finance account manager salary

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

	Finance Administrator	Finance Account Manager
Average salary	$55,541	$68,403
Salary range	Between $38,000 And $80,000	Between $46,000 And $100,000
Highest paying City	Dover, DE	San Francisco, CA
Highest paying state	Delaware	Pennsylvania
Best paying company	State Street	The New York Times Company
Best paying industry	Manufacturing	Manufacturing

Differences between finance administrator and finance account manager education

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

	Finance Administrator	Finance Account Manager
Most common degree	Bachelor's Degree, 61%	Bachelor's Degree, 70%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Finance administrator vs finance account manager demographics

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

	Finance Administrator	Finance Account Manager
Average age	46	46
Gender ratio	Male, 29.3% Female, 70.7%	Male, 48.7% Female, 51.3%
Race ratio	Black or African American, 7.7% Unknown, 4.1% Hispanic or Latino, 14.8% Asian, 9.2% White, 63.9% American Indian and Alaska Native, 0.3%	Black 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%
LGBT Percentage	11%	11%

Differences between finance administrator and finance account manager duties and responsibilities

Finance administrator example responsibilities.

Manage the design and implementation of appropriate controls as per Sarbanes-Oxley (SOX) and internal corporate procedures.
Manage key logistics and secure necessary resources within budget constraints.
Monitor all transactions in assign inventory finance portfolio to manage invoice funding approval decision.
Do A/P, A/R and G/L.
Prepare daily, weekly and monthly reports including fund loans, commissions, titles, A/P & A/R.
Assist families with Medicaid applications.

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.

Finance administrator vs finance account manager skills

Common finance administrator skills

Customer Service, 17%
Financial Aid, 12%
PowerPoint, 7%
Rehabilitation, 7%
Balance Sheet, 4%
Human Resources, 4%

Common finance account manager skills

Financial Services, 14%
Account Management, 8%
Financial Analysis, 7%
Customer Relationships, 6%
Payroll, 4%
Financial Models, 4%

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Finance Administrator
Finance Administrator vs Finance Account Manager

Updated January 8, 2025

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