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Manager/finance accounting vs manager finance planning and analysis

The differences between managers/finance accounting and managers finance planning and analysis 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 manager finance planning and analysis. Additionally, a manager finance planning and analysis has an average salary of $106,888, 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 manager finance planning and analysis are financial performance, financial planning analysis, and financial analysis.

Manager/finance accounting vs manager finance planning and analysis overview

Manager/Finance AccountingManager Finance Planning And Analysis
Yearly salary$91,315$106,888
Hourly rate$43.90$51.39
Growth rate17%17%
Number of jobs132,824111,706
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 manager finance planning and analysis do?

A manager finance planning and analysis oversees the daily operations of a company's financial planning department. They typically have administrative duties such as setting goals and guidelines, establishing timelines and budgets, delegating tasks among teams and staff, and reviewing financial reports regularly. They also perform research and assessments, gather and analyze financial data from different departments, coordinate staff, and solve issues and concerns when any arise. Additionally, as a manager, they must lead and empower staff to reach goals while implementing company policies and regulations.

Manager/finance accounting vs manager finance planning and analysis salary

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

Manager/Finance AccountingManager Finance Planning And Analysis
Average salary$91,315$106,888
Salary rangeBetween $65,000 And $127,000Between $76,000 And $148,000
Highest paying CityNew York, NYSan Bruno, CA
Highest paying stateConnecticutConnecticut
Best paying companyMayo ClinicCravath
Best paying industryGovernmentManufacturing

Differences between manager/finance accounting and manager finance planning and analysis education

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

Manager/Finance AccountingManager Finance Planning And Analysis
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 71%
Most common majorAccountingBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Manager/finance accounting vs manager finance planning and analysis demographics

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

Manager/Finance AccountingManager Finance Planning And Analysis
Average age4646
Gender ratioMale, 54.9% Female, 45.1%Male, 68.0% Female, 32.0%
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, 14.3% Asian, 10.0% White, 63.7% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between manager/finance accounting and manager finance planning and analysis 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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Manager finance planning and analysis example responsibilities.

  • Manage staff analysis and reporting on GAAP operating results and statutory consolidation.
  • Evaluate and screen capital projects and business expansion initiatives achieving expect ROI and organizational success.
  • Manage capital projects, coordinate profit planning and annual business meetings, and co-manage SOX compliance implementation.
  • Manage payroll and control human resource expense budgets by identifying variance between budget and results and continuously improving working efficiency.
  • Prepare payroll and manage all human resource functions including recruitment, training and performance reviews for all administrative and financial personnel.
  • Implement 1st systematic forecast for balance sheet and cash flow in Hyperion planning providing senior management timely analysis for decision making.
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Manager/finance accounting vs manager finance planning and analysis skills

Common manager/finance accounting skills
  • Customer Service, 17%
  • CPA, 15%
  • GAAP, 5%
  • Reconciliations, 5%
  • Internal Controls, 3%
  • Due Diligence, 3%
Common manager finance planning and analysis skills
  • Financial Performance, 8%
  • Financial Planning Analysis, 7%
  • Financial Analysis, 6%
  • Customer Service, 6%
  • Financial Models, 4%
  • Hyperion, 4%

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