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Manager/finance accounting vs administrative & finance manager

The differences between managers/finance accounting and administrative & 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 manager/finance accounting and an administrative & finance manager. Additionally, a manager/finance accounting has an average salary of $91,315, which is higher than the $76,989 average annual salary of an administrative & finance manager.

The top three skills for a manager/finance accounting include customer service, CPA and GAAP. The most important skills for an administrative & finance manager are payroll processing, human resources, and oversight.

Manager/finance accounting vs administrative & finance manager overview

Manager/Finance AccountingAdministrative & Finance Manager
Yearly salary$91,315$76,989
Hourly rate$43.90$37.01
Growth rate17%17%
Number of jobs132,824143,109
Job satisfaction--
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 63%
Average age4646
Years of experience88

What does a manager/finance accounting do?

A manager of finance accounting's role is to oversee the financial activities in a company or organization. Their responsibilities revolve around coordinating with other departments to gather financial data, analyze the revenues and expenditures, and develop written reports and presentations. A manager of finance accounting must also maintain accurate financial records, identify any errors or inconsistencies, and perform support tasks for staff when necessary. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.

What does an administrative & finance manager do?

An administrative and finance manager handles a company's expenditures, requests, invoices, and other financial documentation. Their primary duty is to oversee a finance team's daily work. Additionally, they must coordinate financial staff, ensure that orders from management are carried out, complete the company's financial statements, and provide tax data for the legal department.

Manager/finance accounting vs administrative & finance manager salary

Managers/finance accounting and administrative & finance managers have different pay scales, as shown below.

Manager/Finance AccountingAdministrative & Finance Manager
Average salary$91,315$76,989
Salary rangeBetween $65,000 And $127,000Between $55,000 And $107,000
Highest paying CityNew York, NYNew York, NY
Highest paying stateConnecticutNew York
Best paying companyMayo ClinicMeta
Best paying industryGovernmentInsurance

Differences between manager/finance accounting and administrative & finance manager education

There are a few differences between a manager/finance accounting and an administrative & finance manager in terms of educational background:

Manager/Finance AccountingAdministrative & Finance Manager
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 63%
Most common majorAccountingBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Manager/finance accounting vs administrative & finance manager demographics

Here are the differences between managers/finance accounting' and administrative & finance managers' demographics:

Manager/Finance AccountingAdministrative & Finance Manager
Average age4646
Gender ratioMale, 54.9% Female, 45.1%Male, 50.7% Female, 49.3%
Race ratioBlack or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3%Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between manager/finance accounting and administrative & finance manager duties and responsibilities

Manager/finance accounting example responsibilities.

  • Manage all month-end close including properly accounting for revenue recognition, defer revenue, accruals and performing sub ledger reconciliations.
  • Initiate ongoing departmental projects to automate daily tasks which include the calculations for income distributions and the daily income account reconciliation.
  • Mentor accounting team to enhance their talents including use of ERP systems and software programs.
  • Perform month end and year end close with prep for year-end audit with external CPA firm.
  • Work with outside CPA for tax purposes, as well as established separate LLC for liability reasons.
  • Analyze the business infrastructure needs with regards to the split of ITT, implement new ERP system.
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Administrative & finance manager example responsibilities.

  • Manage payroll and organizational projects using QuickBooks for non-profits.
  • Process bi-weekly payroll utilizing QuickBooks and manage financial and clinical performance.
  • Manage accounts payable/receivable, deposits, payroll preparation, purchasing and inventory management, liaison to accountant.
  • Prepare monthly and annual financial statements along with supporting schedules resulting in minimal follow up by external CPA's.
  • Work closely with the CPA firm to ensure proper income tax filing and keep the company books flowing smoothly.
  • Direct ERP system implementation, establish beginning balances and database information, and train users on applications and requirements.
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Manager/finance accounting vs administrative & finance manager skills

Common manager/finance accounting skills
  • Customer Service, 17%
  • CPA, 15%
  • GAAP, 5%
  • Reconciliations, 5%
  • Internal Controls, 3%
  • Due Diligence, 3%
Common administrative & finance manager skills
  • Payroll Processing, 10%
  • Human Resources, 7%
  • Oversight, 7%
  • Administrative Procedures, 6%
  • Financial Management, 5%
  • Financial Analysis, 5%

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