Risk manager vs management accounts manager

The differences between risk managers and management accounts 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 risk manager and a management accounts manager. Additionally, a risk manager has an average salary of $116,072, which is higher than the $91,681 average annual salary of a management accounts manager.

The top three skills for a risk manager include oversight, risk assessments and project management. The most important skills for a management accounts manager are customer service, client facing, and project management.

Risk manager vs management accounts manager overview

	Risk Manager	Management Accounts Manager
Yearly salary	$116,072	$91,681
Hourly rate	$55.80	$44.08
Growth rate	17%	17%
Number of jobs	75,795	113,871
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 66%	Bachelor's Degree, 69%
Average age	46	46
Years of experience	8	8

What does a risk manager do?

A risk manager is responsible for analyzing potential risks that may affect the organization's operations, reputation, and market credibility. Risk managers identify risk controls and discuss business contingency plans for unforeseen circumstances to prevent delays in operational services. They also develop compliance training and programs for all the employees to provide them the awareness of the safety and security regulations within the company premises. A risk manager must have excellent communication and leadership skills, especially on handling and investigating cases that might compromise the business stability and financial status.

What does a management accounts manager do?

A management accounts manager is responsible for maintaining healthy business relationships with clients by handling their project accounts, improving account management procedures, and identifying business opportunities that would generate more revenue resources for the company. Management accounts managers compile portfolio reports, including how the client's account performs in the market and its financial stability. They also negotiate contracts, settle terms and agreements, and ensure the highest customer experience by implementing strategic plans to enhance the company's services.

Risk manager vs management accounts manager salary

Risk managers and management accounts managers have different pay scales, as shown below.

	Risk Manager	Management Accounts Manager
Average salary	$116,072	$91,681
Salary range	Between $84,000 And $160,000	Between $66,000 And $125,000
Highest paying City	San Francisco, CA	Seattle, WA
Highest paying state	California	Washington
Best paying company	Credit Karma	Meta
Best paying industry	Technology	Energy

Differences between risk manager and management accounts manager education

There are a few differences between a risk manager and a management accounts manager in terms of educational background:

	Risk Manager	Management Accounts Manager
Most common degree	Bachelor's Degree, 66%	Bachelor's Degree, 69%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Risk manager vs management accounts manager demographics

Here are the differences between risk managers' and management accounts managers' demographics:

	Risk Manager	Management Accounts Manager
Average age	46	46
Gender ratio	Male, 59.3% Female, 40.7%	Male, 48.6% Female, 51.4%
Race ratio	Black 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, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between risk manager and management accounts manager duties and responsibilities

Risk manager example responsibilities.

Lead team in addressing Sarbanes-Oxley, HIPAA, and SAS70 compliance and control mandates.
Develop procedures and policies to manage site implementation of successful JD Edwards ERP system.
Direct staff, manage A/R and reconciliations, petty cash disbursements and tracking of all incoming claims and payments.
Manage the loan loss receivables SAS data mart, document change initiatives, implement SAS coding changes and process ongoing updates.
Manage accounting procedures and general ledger reconciliations.
Lead SOX project planning and implementation, successfully implement the corporate governance policies and internal control framework.

Management accounts manager example responsibilities.

Manage company strategic initiatives for the Americas.
Specialize in data collection logistics and documentation on specific vehicles and manage inventory using CRM applications.
Report directly to the VP of Americas on all sales base initiatives.
Coordinate financial closings and consolidations working to enhance the Solomon ERP system.
Serve as project team lead from the accounting department for the ERP system conversion to JD Edwards.
Conduct quarterly Sarbanes-Oxley testing and documentation.

Risk manager vs management accounts manager skills

Common risk manager skills

Oversight, 10%
Risk Assessments, 6%
Project Management, 6%
Portfolio, 5%
Strong Analytical, 4%
Operational Risk, 4%

Common management accounts manager skills

Customer Service, 18%
Client Facing, 7%
Project Management, 6%
Customer Satisfaction, 6%
Business Development, 6%
CRM, 4%

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Risk Manager
Risk Manager vs Management Accounts Manager

Updated January 8, 2025

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