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The differences between senior accounts payable specialists and accounts payable managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a senior accounts payable specialist, becoming an accounts payable manager takes usually requires 6-8 years. Additionally, an accounts payable manager has an average salary of $69,808, which is higher than the $60,557 average annual salary of a senior accounts payable specialist.
The top three skills for a senior accounts payable specialist include vendor statements, expense reports and purchase orders. The most important skills for an accounts payable manager are customer service, reconciliations, and purchase orders.
| Senior Accounts Payable Specialist | Accounts Payable Manager | |
| Yearly salary | $60,557 | $69,808 |
| Hourly rate | $29.11 | $33.56 |
| Growth rate | -5% | 17% |
| Number of jobs | 31,611 | 53,384 |
| Job satisfaction | 3 | - |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 58% |
| Average age | 51 | 46 |
| Years of experience | 6 | 8 |
A senior accounts payable specialist is responsible for performing more complex tasks in the accounting department of an organization and assisting the junior staff in processing financial transactions. Senior accounts payable specialists manage invoice release for vendors and perform bank reconciliations. They also handle the vendors' inquiries and concerns regarding their paychecks and resolve billing discrepancies that they may have. A senior account payable specialist must have excellent knowledge of the accounting principles to generate payments accurately and maintain an organized record of the financial filing system.
An accounts payable manager is in charge of supervising a company's financial activities, particularly in all payable matters. Their primary responsibilities revolve around managing and assessing staff performances and overseeing check and payroll disbursements. They also take care of maintaining and securing records of employees, clients, and company finances, and implement company objectives while ensuring accuracy in all operations. Furthermore, as a manager, it is essential to uphold all company policies and regulations, all while leading and encouraging staff in a joint effort to accomplish goals and tasks.
Senior accounts payable specialists and accounts payable managers have different pay scales, as shown below.
| Senior Accounts Payable Specialist | Accounts Payable Manager | |
| Average salary | $60,557 | $69,808 |
| Salary range | Between $43,000 And $83,000 | Between $51,000 And $95,000 |
| Highest paying City | Washington, DC | Beaverton, OR |
| Highest paying state | Delaware | Oregon |
| Best paying company | Pacific Investment Management Company LLC | Microsoft |
| Best paying industry | Finance | Finance |
There are a few differences between a senior accounts payable specialist and an accounts payable manager in terms of educational background:
| Senior Accounts Payable Specialist | Accounts Payable Manager | |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 58% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior accounts payable specialists' and accounts payable managers' demographics:
| Senior Accounts Payable Specialist | Accounts Payable Manager | |
| Average age | 51 | 46 |
| Gender ratio | Male, 15.2% Female, 84.8% | Male, 24.0% Female, 76.0% |
| Race ratio | Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.7% American Indian and Alaska Native, 0.6% | Black or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 8.0% White, 64.3% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 11% |