Trust officer vs finance administrator

The differences between trust officers and finance administrators 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 a finance administrator. Additionally, a trust officer has an average salary of $61,493, which is higher than the $55,541 average annual salary of a finance administrator.

The top three skills for a trust officer include real estate, portfolio and wealth management. The most important skills for a finance administrator are customer service, financial aid, and powerpoint.

Trust officer vs finance administrator overview

	Trust Officer	Finance Administrator
Yearly salary	$61,493	$55,541
Hourly rate	$29.56	$26.70
Growth rate	17%	17%
Number of jobs	56,623	130,256
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 61%
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 a finance administrator do?

A finance administrator is responsible for supporting the financial operations of an organization, handling the accuracy of financial transactions, and resolving discrepancies in the company's financial statements. Finance administrators analyze the company's financial performance, including its losses and revenues, writing financial reports, and providing recommendations for cost-reduction processes to minimize financial risks. They also handle the allocation of departmental budgets, assist in tax audits, and process invoices and payroll release. A finance administrator must have excellent analytical skills and an extensive knowledge of the financial industry.

Trust officer vs finance administrator salary

Trust officers and finance administrators have different pay scales, as shown below.

	Trust Officer	Finance Administrator
Average salary	$61,493	$55,541
Salary range	Between $30,000 And $121,000	Between $38,000 And $80,000
Highest paying City	New York, NY	Dover, DE
Highest paying state	Connecticut	Delaware
Best paying company	Neuberger Berman	State Street
Best paying industry	Finance	Manufacturing

Differences between trust officer and finance administrator education

There are a few differences between a trust officer and a finance administrator in terms of educational background:

	Trust Officer	Finance Administrator
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 61%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Trust officer vs finance administrator demographics

Here are the differences between trust officers' and finance administrators' demographics:

	Trust Officer	Finance Administrator
Average age	46	46
Gender ratio	Male, 48.1% Female, 51.9%	Male, 29.3% Female, 70.7%
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, 7.7% Unknown, 4.1% Hispanic or Latino, 14.8% Asian, 9.2% White, 63.9% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between trust officer and finance administrator 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.

Finance administrator example responsibilities.

Manage the design and implementation of appropriate controls as per Sarbanes-Oxley (SOX) and internal corporate procedures.
Manage key logistics and secure necessary resources within budget constraints.
Monitor all transactions in assign inventory finance portfolio to manage invoice funding approval decision.
Do A/P, A/R and G/L.
Prepare daily, weekly and monthly reports including fund loans, commissions, titles, A/P & A/R.
Assist families with Medicaid applications.

Trust officer vs finance administrator skills

Common trust officer skills

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

Common finance administrator skills

Customer Service, 17%
Financial Aid, 12%
PowerPoint, 7%
Rehabilitation, 7%
Balance Sheet, 4%
Human Resources, 4%

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Trust Officer
Trust Officer vs Finance Administrator

Updated January 8, 2025

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