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Senior officer vs audit manager

The differences between senior officers and audit 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 senior officer and an audit manager. Additionally, an audit manager has an average salary of $121,419, which is higher than the $72,721 average annual salary of a senior officer.

The top three skills for a senior officer include real estate, professional development and SR. The most important skills for an audit manager are CPA, internal audit, and audit reports.

Senior officer vs audit manager overview

Senior OfficerAudit Manager
Yearly salary$72,721$121,419
Hourly rate$34.96$58.37
Growth rate17%17%
Number of jobs84,19670,168
Job satisfaction--
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 75%
Average age4646
Years of experience88

What does a senior officer do?

The duties of a senior officer depend on their line of work or industry of employment. Typically, as a senior officer, it is their duty to supervise and coordinate staff, set goals and guidelines, manage budgets and schedules, gather and analyze data, and produce progress reports, presenting them to managers or executives. They may also address issues and concerns, resolving them promptly and efficiently. Furthermore, a senior officer must lead and encourage staff to reach goals while implementing the organization's policies and regulations.

What does an audit manager do?

An audit manager is responsible for the complete audit process of finances in an organization. They work for banks and report directly to the audit committee. Based on findings gathered, a financial institution can gain vision into their variance and overall performance. They are also responsible for scheduling audits, initiating departmental audits, consolidation, and analysis of audit reports, and reviewing accounting procedures. Moreover, part of their tasks is to create audit finding presentations to be presented to the audit committee. It requires a high amount of accountability to be an effective audit manager.

Senior officer vs audit manager salary

Senior officers and audit managers have different pay scales, as shown below.

Senior OfficerAudit Manager
Average salary$72,721$121,419
Salary rangeBetween $39,000 And $134,000Between $82,000 And $178,000
Highest paying CityNew York, NYPortland, ME
Highest paying stateNew YorkMaine
Best paying companyU.S. Securities and Exchange CommissionMeta
Best paying industryFinanceManufacturing

Differences between senior officer and audit manager education

There are a few differences between a senior officer and an audit manager in terms of educational background:

Senior OfficerAudit Manager
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 75%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Senior officer vs audit manager demographics

Here are the differences between senior officers' and audit managers' demographics:

Senior OfficerAudit Manager
Average age4646
Gender ratioMale, 67.6% Female, 32.4%Male, 66.0% Female, 34.0%
Race ratioBlack or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3%Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between senior officer and audit manager duties and responsibilities

Senior officer example responsibilities.

  • Manage ERP system implementation, reduce lead-time; improve quality control, and outsourcing.
  • Lead RFP's, RFQ's and RFI's for vendor selections for various technology projects.
  • Collaborate with the staff of support departments to manage the process from loan origination to loan closure.
  • Manage an ERP system upgrade assessment for a large, global manufacturer and distributor of home products (Amway).
  • Manage a portfolio of bond loans secure by affordable multifamily housing.
  • Manage a portfolio of donor prospects involving meeting, cultivation, solicitation and stewardship.
  • Show more

Audit manager example responsibilities.

  • Manage a review for a large insurance company to ensure compliance with HIPAA law.
  • Manage audits in all divisions and ensure all accounting transactions are perform in accordance with GAAP.
  • Lead ERM development, implementation, risk assessment reviews, reporting, improvement/remediation, & continuous monitoring.
  • Manage quarterly reviews (10-Q) and annual audit (10-K) of two public companies as per PCAOB standards.
  • Manage audits of monthly closings, bank reports, cash flow, operations analysis, revenue accounting, and IPO documents.
  • Manage two staff accountants and Hyperion assistant/analyst.
  • Show more

Senior officer vs audit manager skills

Common senior officer skills
  • Real Estate, 19%
  • Professional Development, 19%
  • SR, 18%
  • Origination, 15%
  • Risk Management, 5%
  • Portfolio, 4%
Common audit manager skills
  • CPA, 14%
  • Internal Audit, 6%
  • Audit Reports, 6%
  • Audit Engagements, 5%
  • Financial Services, 5%
  • Risk Management, 5%

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