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Manager/finance accounting vs finance center manager

The differences between managers/finance accounting and finance center 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 a finance center manager. Additionally, a manager/finance accounting has an average salary of $91,315, which is higher than the $58,763 average annual salary of a finance center manager.

The top three skills for a manager/finance accounting include customer service, CPA and GAAP. The most important skills for a finance center manager are customer service, exceptional client, and financial services.

Manager/finance accounting vs finance center manager overview

Manager/Finance AccountingFinance Center Manager
Yearly salary$91,315$58,763
Hourly rate$43.90$28.25
Growth rate17%17%
Number of jobs132,824151,642
Job satisfaction--
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 71%
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 finance center manager do?

The duties of a finance center manager depend on one's place or industry of employment. Typically, they are responsible for overseeing the operations of a financial center, ensuring everything is running smoothly. They are also responsible for performing clerical tasks such as producing progress reports and presentations, managing schedules, setting goals and deadlines, processing documents, and maintaining data and records of all financial activities. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.

Manager/finance accounting vs finance center manager salary

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

Manager/Finance AccountingFinance Center Manager
Average salary$91,315$58,763
Salary rangeBetween $65,000 And $127,000Between $33,000 And $104,000
Highest paying CityNew York, NY-
Highest paying stateConnecticut-
Best paying companyMayo Clinic-
Best paying industryGovernment-

Differences between manager/finance accounting and finance center manager education

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

Manager/Finance AccountingFinance Center Manager
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 71%
Most common majorAccountingBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Manager/finance accounting vs finance center manager demographics

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

Manager/Finance AccountingFinance Center Manager
Average age4646
Gender ratioMale, 54.9% Female, 45.1%Male, 49.1% Female, 50.9%
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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.7% Asian, 9.0% White, 64.2% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between manager/finance accounting and finance center 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.
  • Show more

Finance center manager example responsibilities.

  • Assist in achieving strategic goals including deposit accounts, consumer loans, wealth management, and treasury products through personal production.
  • Support clinicians by regularly communicating on center s status, managing patient correspondence, fulfilling pharmaceutical needs, and discharging patients.
  • Perform extensive sales training and coaching in evaluating client needs, cross-selling appropriate products and services, and training team members.
  • Identify cross-selling opportunities and refer appropriate products.
  • Monitor authoritative guidance and conduct technical accounting research to ensure all financial statements and disclosures are presented in accordance with GAAP.
  • Service clients through referrals; deposit accounts; loans; treasury management and card services.
  • Show more

Manager/finance accounting vs finance center manager skills

Common manager/finance accounting skills
  • Customer Service, 17%
  • CPA, 15%
  • GAAP, 5%
  • Reconciliations, 5%
  • Internal Controls, 3%
  • Due Diligence, 3%
Common finance center manager skills
  • Customer Service, 22%
  • Exceptional Client, 16%
  • Financial Services, 16%
  • Regulatory Policies, 14%
  • Operational Procedures, 13%
  • Customer Relationships, 4%

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