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Finance/office manager vs chief finance officer

The differences between finance/office managers and chief finance officers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a finance/office manager, becoming a chief finance officer takes usually requires More than 10 years. Additionally, a chief finance officer has an average salary of $143,947, which is higher than the $76,827 average annual salary of a finance/office manager.

The top three skills for a finance/office manager include payroll processing, office procedures and customer service. The most important skills for a chief finance officer are payroll, CPA, and oversight.

Finance/office manager vs chief finance officer overview

Finance/Office ManagerChief Finance Officer
Yearly salary$76,827$143,947
Hourly rate$36.94$69.21
Growth rate17%6%
Number of jobs135,729145,184
Job satisfaction--
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 72%
Average age4652
Years of experience8-

Finance/office manager vs chief finance officer salary

Finance/office managers and chief finance officers have different pay scales, as shown below.

Finance/Office ManagerChief Finance Officer
Average salary$76,827$143,947
Salary rangeBetween $48,000 And $122,000Between $80,000 And $257,000
Highest paying City-Washington, DC
Highest paying state-California
Best paying company-Baker McKenzie
Best paying industry-Construction

Differences between finance/office manager and chief finance officer education

There are a few differences between a finance/office manager and a chief finance officer in terms of educational background:

Finance/Office ManagerChief Finance Officer
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 72%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance/office manager vs chief finance officer demographics

Here are the differences between finance/office managers' and chief finance officers' demographics:

Finance/Office ManagerChief Finance Officer
Average age4652
Gender ratioMale, 18.4% Female, 81.6%Male, 71.9% Female, 28.1%
Race ratioBlack or African American, 8.0% Unknown, 4.1% Hispanic or Latino, 15.4% Asian, 7.6% White, 64.5% American Indian and Alaska Native, 0.3%Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.7% White, 76.1% American Indian and Alaska Native, 0.6%
LGBT Percentage11%12%

Differences between finance/office manager and chief finance officer duties and responsibilities

Finance/office manager example responsibilities.

  • Manage procedural implementation for transition of office to HIPPA regulatory compliance and Medicare PQRI guidelines.
  • Prepare year-end summary information for preparation of corporate tax returns on a cash basis by third party CPA.
  • Organize audit and tax schedules and deal with any queries from the contracted CPA firm.
  • Process A/P & A/R's, invoices, various documents, process checks/balance bank account, in QuickBooks.
  • Maintain all corporate financial records using QuickBooks.
  • Perform accounts receivable duties including invoicing, discrepancies, issuing credit memos, reconciliations and responding to customer requests for documentation
  • Show more

Chief finance officer example responsibilities.

  • Lead management team in developing and executing a combination of pricing and cost savings strategies that improve EBITDA more than threefold.
  • Lead the consolidation of financial and operational systems for non-acute services including rehabilitation and psychiatry services.
  • Lead system conversion to Hyperion planning budgeting/forecasting software, responsible for training, developing and implementation.
  • Manage all firm banking relationships, treasury functions and retain signatory authority for all partnership and corporate accounts.
  • Lead implementation of new worldwide consolidation system, Hyperion, significantly reducing closing time and improving controls over the consolidation process.
  • Prepare annual general ledger reconciliations and consolidate financial reports for CPA tax preparation.
  • Show more

Finance/office manager vs chief finance officer skills

Common finance/office manager skills
  • Payroll Processing, 19%
  • Office Procedures, 12%
  • Customer Service, 9%
  • Human Resources, 4%
  • Accounts Receivables, 3%
  • General Ledger, 3%
Common chief finance officer skills
  • Payroll, 7%
  • CPA, 6%
  • Oversight, 5%
  • Financial Reports, 4%
  • Human Resources, 4%
  • Internal Controls, 4%

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