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Senior officer vs senior finance manager

The differences between senior officers and senior 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 senior officer and a senior finance manager. Additionally, a senior finance manager has an average salary of $133,358, 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 a senior finance manager are hyperion, financial performance, and financial analysis.

Senior officer vs senior finance manager overview

Senior OfficerSenior Finance Manager
Yearly salary$72,721$133,358
Hourly rate$34.96$64.11
Growth rate17%17%
Number of jobs84,196139,639
Job satisfaction--
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 68%
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 a senior finance manager do?

A senior finance manager is an individual who supervises financial department staff members as well as monitors the daily financial operations within a company. Senior finance managers must keep track of the financial status and performance of the company so that they can identify areas for potential improvement. They review financial data and prepare reports to be presented to the management to help them in their business decision making. Senior finance managers must also maintain policies within the company and should have a deep understanding of financial regulations and legislations.

Senior officer vs senior finance manager salary

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

Senior OfficerSenior Finance Manager
Average salary$72,721$133,358
Salary rangeBetween $39,000 And $134,000Between $95,000 And $185,000
Highest paying CityNew York, NYSan Francisco, CA
Highest paying stateNew YorkCalifornia
Best paying companyU.S. Securities and Exchange CommissionRoku
Best paying industryFinanceProfessional

Differences between senior officer and senior finance manager education

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

Senior OfficerSenior Finance Manager
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 68%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Senior officer vs senior finance manager demographics

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

Senior OfficerSenior Finance Manager
Average age4646
Gender ratioMale, 67.6% Female, 32.4%Male, 70.3% Female, 29.7%
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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between senior officer and senior finance 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

Senior finance manager example responsibilities.

  • Manage regional treasury functions including coordination with international HQ for daily cash balance requirements.
  • Manage staff of financial analysts who perform divisional and branch portfolio and profit/loss analysis.
  • Manage Oracle/Hyperion application upgrade used to support the close, consolidate and report process within Oracle/PeopleSoft ERP environment.
  • Manage financial reporting in support of CEO/CFO/President with oversight for data integrity and consistency of reporting across enterprise.
  • Manage eight team members' activities including daily transaction processing, monthly reconciliations and analysis, and financial statement preparation
  • Manage senior financial analysts responsible for evaluating the financial risks of a portfolio of large property and casualty insurance programs.
  • Show more

Senior officer vs senior finance manager skills

Common senior officer skills
  • Real Estate, 19%
  • Professional Development, 19%
  • SR, 18%
  • Origination, 15%
  • Risk Management, 5%
  • Portfolio, 4%
Common senior finance manager skills
  • Hyperion, 7%
  • Financial Performance, 5%
  • Financial Analysis, 5%
  • Business Development, 4%
  • SR, 4%
  • Financial Models, 4%

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