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The differences between regional finance managers and 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 regional finance manager and a finance manager. Additionally, a regional finance manager has an average salary of $108,910, which is higher than the $101,374 average annual salary of a finance manager.
The top three skills for a regional finance manager include financial analysis, hyperion and close process. The most important skills for a finance manager are financial analysis, CPA, and customer service.
| Regional Finance Manager | Finance Manager | |
| Yearly salary | $108,910 | $101,374 |
| Hourly rate | $52.36 | $48.74 |
| Growth rate | 17% | 17% |
| Number of jobs | 131,784 | 125,345 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 66% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A regional finance manager oversees the financial activities of a company's branches within a region. Among their responsibilities include coordinating with different departments, liaising with internal and external parties, gathering and analyzing financial data, producing financial statements and forecasts, and presenting reports to the executives. They must also perform audits and assessments, review financial contracts and transactions, and develop tools and systems to optimize operations. Moreover, as a regional finance manager, it is essential to lead and encourage the workforce to reach goals while implementing the company's policies and regulations.
A finance manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports. A finance manager must have excellent analytical skills and knowledge of the accounting and financial industry. They are responsible for providing the best recommendations for the organization's growth.
Regional finance managers and finance managers have different pay scales, as shown below.
| Regional Finance Manager | Finance Manager | |
| Average salary | $108,910 | $101,374 |
| Salary range | Between $68,000 And $174,000 | Between $71,000 And $144,000 |
| Highest paying City | Reno, NV | New York, NY |
| Highest paying state | Alaska | New York |
| Best paying company | Clean Harbors | Barclays |
| Best paying industry | Construction | Finance |
There are a few differences between a regional finance manager and a finance manager in terms of educational background:
| Regional Finance Manager | Finance Manager | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 66% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between regional finance managers' and finance managers' demographics:
| Regional Finance Manager | Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 70.0% Female, 30.0% | Male, 60.0% Female, 40.0% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 9.8% White, 63.8% American Indian and Alaska Native, 0.3% | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |