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Fiscal manager vs finance manager

The differences between fiscal managers and finance 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 fiscal manager and a finance manager. Additionally, a finance manager has an average salary of $101,374, which is higher than the $61,354 average annual salary of a fiscal manager.

The top three skills for a fiscal manager include fiscal management, payroll taxes and general ledger. The most important skills for a finance manager are financial analysis, CPA, and customer service.

Fiscal manager vs finance manager overview

Fiscal ManagerFinance Manager
Yearly salary$61,354$101,374
Hourly rate$29.50$48.74
Growth rate17%17%
Number of jobs65,132125,345
Job satisfaction-5
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 66%
Average age4646
Years of experience88

What does a fiscal manager do?

A fiscal manager supervises branch inventory project design to reinforce inventory levels by implementing the newest procedures and installation of software. A part of his/her or her duties and responsibilities are to execute all bookkeeping payroll functions which include employee pay adjustment processing and electronic deposits. Fiscal managers provide general oversight of monetary reporting and auditing of subcontract agencies to make sure fiscal compliance with contractual and funder requirements. They maintain individual files for every vendor or subcontractor invoices, analyze and archive vendor statements and solve billing discrepancies.

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.

Fiscal manager vs finance manager salary

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

Fiscal ManagerFinance Manager
Average salary$61,354$101,374
Salary rangeBetween $43,000 And $85,000Between $71,000 And $144,000
Highest paying CityMerced, CANew York, NY
Highest paying stateNew JerseyNew York
Best paying companyCity of DetroitBarclays
Best paying industryInternetFinance

Differences between fiscal manager and finance manager education

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

Fiscal ManagerFinance Manager
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 66%
Most common majorAccountingBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Fiscal manager vs finance manager demographics

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

Fiscal ManagerFinance Manager
Average age4646
Gender ratioMale, 34.8% Female, 65.2%Male, 60.0% Female, 40.0%
Race ratioBlack or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.8% White, 63.9% American Indian and Alaska Native, 0.3%Black 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%
LGBT Percentage11%11%

Differences between fiscal manager and finance manager duties and responsibilities

Fiscal manager example responsibilities.

  • Manage the annual audit process; working with auditors to ensure programs compliance and GAAP.
  • Manage accounting operations, accounting close, account reporting & reconciliations.
  • Manage bank reconciliations, financial analysis, and monthly reporting, ensuring accuracy and completeness of data.
  • Coordinate annual audit with CPA firm.
  • Close financial activity and prepare monthly financial statements in accordance with GAAP.
  • Provide general oversight of financial reporting and auditing of subcontract agencies to ensure fiscal compliance with contractual and funder requirements.
  • Show more

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

Fiscal manager vs finance manager skills

Common fiscal manager skills
  • Fiscal Management, 8%
  • Payroll Taxes, 6%
  • General Ledger, 5%
  • Federal Regulations, 4%
  • Fiscal Policies, 4%
  • Journal Entries, 4%
Common finance manager skills
  • Financial Analysis, 7%
  • CPA, 7%
  • Customer Service, 6%
  • Hyperion, 4%
  • Financial Models, 4%
  • Strong Analytical, 4%

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