Trust officer vs accounts payable manager

The differences between trust officers and accounts payable 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 trust officer and an accounts payable manager. Additionally, an accounts payable manager has an average salary of $69,808, which is higher than the $61,493 average annual salary of a trust officer.

The top three skills for a trust officer include real estate, portfolio and wealth management. The most important skills for an accounts payable manager are customer service, reconciliations, and purchase orders.

Trust officer vs accounts payable manager overview

	Trust Officer	Accounts Payable Manager
Yearly salary	$61,493	$69,808
Hourly rate	$29.56	$33.56
Growth rate	17%	17%
Number of jobs	56,623	53,384
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 58%
Average age	46	46
Years of experience	8	8

What does a trust officer do?

Trust officers are professionals who are responsible for administering trust account portfolios of their clients. These officers are required to develop business relationships with their clients by responding to the request of their clients and facilitating internal service coordination to resolve issues. They must handle activities that are associated with personal or corporate trust while providing consultation on matters related to finance and wealth. Trust officers usually work in the financial industry and report directly to a manager or head of a department.

What does an accounts payable manager do?

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.

Trust officer vs accounts payable manager salary

Trust officers and accounts payable managers have different pay scales, as shown below.

	Trust Officer	Accounts Payable Manager
Average salary	$61,493	$69,808
Salary range	Between $30,000 And $121,000	Between $51,000 And $95,000
Highest paying City	New York, NY	Beaverton, OR
Highest paying state	Connecticut	Oregon
Best paying company	Neuberger Berman	Microsoft
Best paying industry	Finance	Finance

Differences between trust officer and accounts payable manager education

There are a few differences between a trust officer and an accounts payable manager in terms of educational background:

	Trust Officer	Accounts Payable Manager
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 58%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Trust officer vs accounts payable manager demographics

Here are the differences between trust officers' and accounts payable managers' demographics:

	Trust Officer	Accounts Payable Manager
Average age	46	46
Gender ratio	Male, 48.1% Female, 51.9%	Male, 24.0% Female, 76.0%
Race ratio	Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.4% White, 64.4% American Indian and Alaska Native, 0.3%	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	11%	11%

Differences between trust officer and accounts payable manager duties and responsibilities

Trust officer example responsibilities.

Manage personal trusts, special needs trusts, conservatorships, charitable remainder trusts and estates.
Manage processing transfer requests of new IRA accounts and the corresponding follow up and collection activities.
Achieve this through aggressive sales calling on CFO's of large corporations, attorneys, CPAs and political officials.
Manage the day to day affairs of various personal trust relationships, IRAs, custodial accounts, powers of attorney.
Manage portfolio of accounts consisting of housing, transportation, education and industrial development of both municipal and corporate issuers.
Contact clients, financial advisors, payroll companies and CPA's regarding items in question.

Accounts payable manager example responsibilities.

Manage bi-weekly payroll, bonuses, pay cards, PTO.
Collect, enter & manage the quality of information require to produce accurate information report to IRS.
Authorize all AP payment invoices, manage deposits and cash management functions, while providing overall complete payroll oversight.
Refine the 'pro forma invoice' system process to manage prepayments of client invoices enhancing efficiency and adding value.
Assist in computer software upgrade to integrate all accounting functions including pricing, AP, AR, GL and inventory.
Ensure timely and efficient processing of authorize AP invoices and cash disbursements, as well as AR invoices and cash receipts.

Trust officer vs accounts payable manager skills

Common trust officer skills

Real Estate, 8%
Portfolio, 7%
Wealth Management, 7%
Business Development, 7%
Estate Planning, 6%
Risk Management, 6%

Common accounts payable manager skills

Customer Service, 7%
Reconciliations, 6%
Purchase Orders, 5%
Vendor Invoices, 5%
Financial Statements, 4%
Payroll, 4%

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Trust Officer
Trust Officer vs Accounts Payable Manager

Updated January 8, 2025

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