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Finance manager vs finance controller

The differences between finance 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 manager and a finance controller. Additionally, a finance controller has an average salary of $105,869, which is higher than the $101,374 average annual salary of a finance manager.

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

Finance manager vs finance controller overview

Finance ManagerFinance Controller
Yearly salary$101,374$105,869
Hourly rate$48.74$50.90
Growth rate17%17%
Number of jobs125,34597,342
Job satisfaction5-
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 70%
Average age4646
Years of experience88

What does a finance manager do?

A finance manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports. A finance manager must have excellent analytical skills and knowledge of the accounting and financial industry. They are responsible for providing the best recommendations for the organization's growth.

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 manager vs finance controller salary

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

Finance ManagerFinance Controller
Average salary$101,374$105,869
Salary rangeBetween $71,000 And $144,000Between $71,000 And $156,000
Highest paying CityNew York, NYYonkers, NY
Highest paying stateNew YorkNew York
Best paying companyBarclaysSage Memorial Hospital
Best paying industryFinanceTechnology

Differences between finance manager and finance controller education

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

Finance ManagerFinance Controller
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 70%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance manager vs finance controller demographics

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

Finance ManagerFinance Controller
Average age4646
Gender ratioMale, 60.0% Female, 40.0%Male, 61.5% Female, 38.5%
Race ratioBlack or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% 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 manager and finance controller duties and responsibilities

Finance manager example responsibilities.

  • Manage the preparation of monthly reporting packs and board presentations with robust variance analysis, commentaries and forward looking KPIs.
  • Manage a team of sales persons, business managers, sales manager, A/R, A/P, and general managers.
  • Lead successful sales team and provide direct oversight on overall dealership business profitability.
  • Manage accounts payable/receivable, deposits, payroll preparation, purchasing and inventory management, liaison to accountant.
  • Oversee financial analysis, financial audits, G/L, A/R, A/P and fixed-asset accounting in accordance with GAAP standards.
  • Execute simple SQL queries to validate data in tables.
  • 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.
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Finance manager vs finance controller skills

Common finance manager skills
  • Financial Analysis, 7%
  • CPA, 7%
  • Customer Service, 6%
  • Hyperion, 4%
  • Financial Models, 4%
  • Strong Analytical, 4%
Common finance controller skills
  • CPA, 7%
  • Payroll, 7%
  • Financial Controller, 7%
  • GAAP, 5%
  • General Ledger, 5%
  • Internal Controls, 5%

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