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Finance executive vs finance account manager

The differences between finance executives 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 executive and a finance account manager. Additionally, a finance executive has an average salary of $110,830, which is higher than the $68,403 average annual salary of a finance account manager.

The top three skills for a finance executive include financial statements, financial services and portfolio. The most important skills for a finance account manager are financial services, account management, and financial analysis.

Finance executive vs finance account manager overview

Finance ExecutiveFinance Account Manager
Yearly salary$110,830$68,403
Hourly rate$53.28$32.89
Growth rate17%17%
Number of jobs137,400184,766
Job satisfaction--
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 70%
Average age4646
Years of experience88

What does a finance executive do?

Finance executives oversee an organization's money and profit. They are responsible for overseeing the income and expenses of the business' money transactions. These executives evaluate financial reports such as cash-flow statements, tax planning, and budgeting. Sometimes, finance executives manage a staff of finance clerks, hire new staff, and develop schedules. They work full-time in an office, but they also often work beyond regular business hours. As for qualifications, finance executives must have at least a bachelor's degree and a considerable length of work experience in the business field.

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 executive vs finance account manager salary

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

Finance ExecutiveFinance Account Manager
Average salary$110,830$68,403
Salary rangeBetween $68,000 And $178,000Between $46,000 And $100,000
Highest paying CityWest Babylon, NYSan Francisco, CA
Highest paying stateNew YorkPennsylvania
Best paying companyAppleThe New York Times Company
Best paying industryGovernmentManufacturing

Differences between finance executive and finance account manager education

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

Finance ExecutiveFinance Account Manager
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 70%
Most common majorAccountingBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance executive vs finance account manager demographics

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

Finance ExecutiveFinance Account Manager
Average age4646
Gender ratioMale, 63.3% Female, 36.7%Male, 48.7% Female, 51.3%
Race ratioBlack or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 64.0% 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 Percentage11%11%

Differences between finance executive and finance account manager duties and responsibilities

Finance executive example responsibilities.

  • Manage financial statements and work independently to produce accurate records for petty cash, bank reconciliations, and data inventory.
  • Experience in ERP implementation when A/R module are migrated from old system to new PS system.
  • Improve financial results $50 million (GAAP) in 2000 over 1999 and generate the first profit in four years.
  • Assist with compliance with SOX requirements by improving internal protocols and documentation procedures.
  • Reorganize accounting department according to SOX guidelines along with recommendations for improving processes.
  • Develop decision matrix and flowcharts for a revise financial and manufacturing system within current ERP software.
  • Show more

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.
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Finance executive vs finance account manager skills

Common finance executive skills
  • Financial Statements, 18%
  • Financial Services, 12%
  • Portfolio, 12%
  • Financial Products, 3%
  • Real Estate, 3%
  • Insurance Products, 3%
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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