Fiscal officer vs chief finance officer

The differences between fiscal officers 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 fiscal officer, 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 $54,261 average annual salary of a fiscal officer.

The top three skills for a fiscal officer include oversight, payroll taxes and financial management. The most important skills for a chief finance officer are payroll, CPA, and oversight.

Fiscal officer vs chief finance officer overview

	Fiscal Officer	Chief Finance Officer
Yearly salary	$54,261	$143,947
Hourly rate	$26.09	$69.21
Growth rate	17%	6%
Number of jobs	56,064	145,184
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 72%
Average age	46	52
Years of experience	8	-

Fiscal officer vs chief finance officer salary

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

	Fiscal Officer	Chief Finance Officer
Average salary	$54,261	$143,947
Salary range	Between $37,000 And $78,000	Between $80,000 And $257,000
Highest paying City	Fairbanks, AK	Washington, DC
Highest paying state	California	California
Best paying company	East-West Center	Baker McKenzie
Best paying industry	Technology	Construction

Differences between fiscal officer and chief finance officer education

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

	Fiscal Officer	Chief Finance Officer
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 72%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Fiscal officer vs chief finance officer demographics

Here are the differences between fiscal officers' and chief finance officers' demographics:

	Fiscal Officer	Chief Finance Officer
Average age	46	52
Gender ratio	Male, 38.9% Female, 61.1%	Male, 71.9% Female, 28.1%
Race ratio	Black or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 13.8% Asian, 9.4% 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 Percentage	11%	12%

Differences between fiscal officer and chief finance officer duties and responsibilities

Fiscal officer example responsibilities.

Manage procurement functions deposits, journals and fund transfers in PeopleSoft for department.
Manage A/R of roughly 3 million dollars each fiscal year and disburse into three funding streams.
Establish investment objectives to efficiently manage IPO proceeds within state risk parameters.
Supervise two employees and the reconciliation of the subsidiary ledgers: A/P, A/R, payroll and all human resource issues.
Prepare cash management report and maintain reconciliations and journal entries.
Set up district outstanding debt payment ACH wires.

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.

Fiscal officer vs chief finance officer skills

Common fiscal officer skills

Oversight, 8%
Payroll Taxes, 7%
Financial Management, 6%
Fiscal Management, 6%
Reconciliations, 5%
General Ledger, 4%

Common chief finance officer skills

Payroll, 7%
CPA, 6%
Oversight, 5%
Financial Reports, 4%
Human Resources, 4%
Internal Controls, 4%

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Fiscal Officer
Fiscal Officer vs Chief Finance Officer

Updated January 8, 2025

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