Trust officer vs accounts receivable manager

The differences between trust officers and accounts receivable 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 receivable manager. Additionally, an accounts receivable manager has an average salary of $69,403, 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 receivable manager are customer service, accounts receivables, and financial reports.

Trust officer vs accounts receivable manager overview

	Trust Officer	Accounts Receivable Manager
Yearly salary	$61,493	$69,403
Hourly rate	$29.56	$33.37
Growth rate	17%	17%
Number of jobs	56,623	53,859
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 55%
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 receivable manager do?

An accounts receivable manager is responsible for overseeing the financial matters in a business or company, focusing on the generated sales and income. Moreover, they are also responsible for maintaining an accurate and efficient collection of payments, conducting research and analysis, and supervising the workforce, striving to meet all the goals within the allotted time. As a manager in the department, it is also vital to lead fellow skilled professionals and implement the policies and regulations of the company or organization.

Trust officer vs accounts receivable manager salary

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

	Trust Officer	Accounts Receivable Manager
Average salary	$61,493	$69,403
Salary range	Between $30,000 And $121,000	Between $42,000 And $114,000
Highest paying City	New York, NY	San Francisco, CA
Highest paying state	Connecticut	California
Best paying company	Neuberger Berman	Meta
Best paying industry	Finance	Technology

Differences between trust officer and accounts receivable manager education

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

	Trust Officer	Accounts Receivable Manager
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 55%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Trust officer vs accounts receivable manager demographics

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

	Trust Officer	Accounts Receivable Manager
Average age	46	46
Gender ratio	Male, 48.1% Female, 51.9%	Male, 25.0% Female, 75.0%
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, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 7.6% White, 65.1% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between trust officer and accounts receivable 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 receivable manager example responsibilities.

Manage payroll activities including calculating and distributing payroll checks and making monthly withholding deposits to the IRS via EFTPS website.
Accomplish, results-orient professional with a strong background in TABS3 management and QuickBooks utilization.
Manage all accounts receivable activities including billing, customer dispute resolution, cash application collections, write-offs and month-end reconciliations.
Review claims hold up in EDI, and initiate pathway in working claims edits, claims follow up and appeals.
Run GL transfer and post daily.
Utilize multiple ERP systems for billing and collection purposes.

Trust officer vs accounts receivable 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 receivable manager skills

Customer Service, 14%
Accounts Receivables, 8%
Financial Reports, 6%
Reconciliations, 5%
Payroll, 4%
Customer Accounts, 4%

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Trust Officer
Trust Officer vs Accounts Receivable Manager

Updated January 8, 2025

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