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Reporting manager vs finance manager

The differences between reporting 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 reporting manager and a finance manager. Additionally, a reporting manager has an average salary of $106,336, which is higher than the $101,374 average annual salary of a finance manager.

The top three skills for a reporting manager include GAAP, internal controls and external auditors. The most important skills for a finance manager are financial analysis, CPA, and customer service.

Reporting manager vs finance manager overview

Reporting ManagerFinance Manager
Yearly salary$106,336$101,374
Hourly rate$51.12$48.74
Growth rate17%17%
Number of jobs67,631125,345
Job satisfaction-5
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 66%
Average age4646
Years of experience88

What does a reporting manager do?

The duties of a reporting manager depend on one's line of work or industry of employment. Typically, they perform clerical tasks such as producing progress reports and presentations, maintaining accurate records and documentation, updating databases, managing schedules, and performing regular inspections and site visits. There are also instances where one must respond to inquiries and concerns, report to supervisors, and coordinate with other department personnel. 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 manager do?

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.

Reporting manager vs finance manager salary

Reporting managers and finance managers have different pay scales, as shown below.

Reporting ManagerFinance Manager
Average salary$106,336$101,374
Salary rangeBetween $80,000 And $139,000Between $71,000 And $144,000
Highest paying CityRichmond, CANew York, NY
Highest paying stateWashingtonNew York
Best paying companyMetaBarclays
Best paying industryManufacturingFinance

Differences between reporting manager and finance manager education

There are a few differences between a reporting manager and a finance manager in terms of educational background:

Reporting ManagerFinance Manager
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 66%
Most common majorAccountingBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Reporting manager vs finance manager demographics

Here are the differences between reporting managers' and finance managers' demographics:

Reporting ManagerFinance Manager
Average age4646
Gender ratioMale, 59.6% Female, 40.4%Male, 60.0% Female, 40.0%
Race ratioBlack 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%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 Percentage11%11%

Differences between reporting manager and finance manager duties and responsibilities

Reporting manager example responsibilities.

  • Perform, then manage, profit and loss for volatile, derivative mortgage back securities.
  • Used Microsoft SharePoint to manage projects, establish work flow, and document reports and report field definitions.
  • Manage the administrator of a Hyperion database.
  • Manage and mentore junior analysts in report optimization and SAS proficiency.
  • Prepare monthly IFRS financial statements including balance sheet and income statement using HFM.
  • Establish and maintain SOX documentation for initial compliance including management of testing with internal audit consultants.
  • Show more

Finance manager example responsibilities.

  • Manage the preparation of monthly reporting packs and board presentations with robust variance analysis, commentaries and forward looking KPIs.
  • Manage a team of sales persons, business managers, sales manager, A/R, A/P, and general managers.
  • Lead successful sales team and provide direct oversight on overall dealership business profitability.
  • Manage accounts payable/receivable, deposits, payroll preparation, purchasing and inventory management, liaison to accountant.
  • Oversee financial analysis, financial audits, G/L, A/R, A/P and fixed-asset accounting in accordance with GAAP standards.
  • Execute simple SQL queries to validate data in tables.
  • Show more

Reporting manager vs finance manager skills

Common reporting manager skills
  • GAAP, 9%
  • Internal Controls, 7%
  • External Auditors, 4%
  • ASC, 4%
  • Data Analysis, 4%
  • Visualization, 4%
Common finance manager skills
  • Financial Analysis, 7%
  • CPA, 7%
  • Customer Service, 6%
  • Hyperion, 4%
  • Financial Models, 4%
  • Strong Analytical, 4%

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