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Manager/finance accounting vs director of accounting & finance

The differences between managers/finance accounting and directors of accounting & finance 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 a director of accounting & finance. Additionally, a director of accounting & finance has an average salary of $127,871, which is higher than the $91,315 average annual salary of a manager/finance accounting.

The top three skills for a manager/finance accounting include customer service, CPA and GAAP. The most important skills for a director of accounting & finance are CPA, GAAP, and internal controls.

Manager/finance accounting vs director of accounting & finance overview

Manager/Finance AccountingDirector Of Accounting & Finance
Yearly salary$91,315$127,871
Hourly rate$43.90$61.48
Growth rate17%17%
Number of jobs132,824100,209
Job satisfaction--
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 75%
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 a director of accounting & finance do?

A director of accounting and finance is in charge of overseeing all financial activities and decisions in a company and supervising its workforce. Their responsibilities revolve around spearheading the development of financial plans and strategies, coordinating with analysts and consultants, gathering and analyzing financial data, and reporting all sales progress to executives through documents and presentations. They must also set goals and objectives, allocate budgets to different departments, prepare comprehensive sales forecasts, and lead employees while implementing the company's policies and regulations.

Manager/finance accounting vs director of accounting & finance salary

Managers/finance accounting and directors of accounting & finance have different pay scales, as shown below.

Manager/Finance AccountingDirector Of Accounting & Finance
Average salary$91,315$127,871
Salary rangeBetween $65,000 And $127,000Between $88,000 And $184,000
Highest paying CityNew York, NYSan Francisco, CA
Highest paying stateConnecticutNew Jersey
Best paying companyMayo ClinicFried Frank
Best paying industryGovernmentHealth Care

Differences between manager/finance accounting and director of accounting & finance education

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

Manager/Finance AccountingDirector Of Accounting & Finance
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 75%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Manager/finance accounting vs director of accounting & finance demographics

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

Manager/Finance AccountingDirector Of Accounting & Finance
Average age4646
Gender ratioMale, 54.9% Female, 45.1%Male, 67.1% Female, 32.9%
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, 7.7% Unknown, 4.1% Hispanic or Latino, 14.8% Asian, 9.4% White, 63.7% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between manager/finance accounting and director of accounting & finance 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.
  • Show more

Director of accounting & finance example responsibilities.

  • Implement the firm's financial policy while managing day to day accounting and oversight of accounting staff and financial vendors.
  • Manage ERP implementation for both development and general construction operations.
  • Lead business validation process to produce accurate and timely portfolio consolidation results while ensuring favorable audit and SOX compliance opinions.
  • Manage financial accounting and reporting for all client entities, including consolidations and inter-company reconciliations, with recommendations for process improvements.
  • Champion and manage the integration of account reconciliation software to improve the efficiency and accuracy of inter-department and company-wide account reconciliations.
  • Assist CPA with yearly audit requirements and enter adjusting journal entries.
  • Show more

Manager/finance accounting vs director of accounting & finance skills

Common manager/finance accounting skills
  • Customer Service, 17%
  • CPA, 15%
  • GAAP, 5%
  • Reconciliations, 5%
  • Internal Controls, 3%
  • Due Diligence, 3%
Common director of accounting & finance skills
  • CPA, 7%
  • GAAP, 7%
  • Internal Controls, 5%
  • Financial Data, 5%
  • Balance Sheet, 4%
  • Financial Reports, 4%

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