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Assistant collections manager vs asset manager

The differences between assistant collections managers and asset managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both an assistant collections manager and an asset manager. Additionally, an asset manager has an average salary of $85,814, which is higher than the $44,728 average annual salary of an assistant collections manager.

The top three skills for an assistant collections manager include customer service, loan applications and customer satisfaction. The most important skills for an asset manager are asset management, financial statements, and property management.

Assistant collections manager vs asset manager overview

Assistant Collections ManagerAsset Manager
Yearly salary$44,728$85,814
Hourly rate$21.50$41.26
Growth rate17%17%
Number of jobs37,05064,732
Job satisfaction--
Most common degreeBachelor's Degree, 48%Bachelor's Degree, 68%
Average age4646
Years of experience88

Assistant collections manager vs asset manager salary

Assistant collections managers and asset managers have different pay scales, as shown below.

Assistant Collections ManagerAsset Manager
Average salary$44,728$85,814
Salary rangeBetween $32,000 And $61,000Between $59,000 And $123,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Deutsche Bank
Best paying industry-Finance

Differences between assistant collections manager and asset manager education

There are a few differences between an assistant collections manager and an asset manager in terms of educational background:

Assistant Collections ManagerAsset Manager
Most common degreeBachelor's Degree, 48%Bachelor's Degree, 68%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Assistant collections manager vs asset manager demographics

Here are the differences between assistant collections managers' and asset managers' demographics:

Assistant Collections ManagerAsset Manager
Average age4646
Gender ratioMale, 43.6% Female, 56.4%Male, 64.3% Female, 35.7%
Race ratioBlack or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 7.5% White, 65.2% American Indian and Alaska Native, 0.3%Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.9% White, 63.8% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between assistant collections manager and asset manager duties and responsibilities

Assistant collections manager example responsibilities.

  • Manage all accounts receivable activities including billing, customer dispute resolution, cash application collections, write-offs and month-end reconciliations.
  • Ensure compliance with all state and federal guidelines for all transactions (FDCPA).
  • Improve overall relationship with CMS regarding billing & collection practices from previous negative relationship.
  • Direct and administer internal / SOX audits to ensure regulatory compliance and operational efficiency/accuracy.
  • Develop standardized AR follow-up processes and diminish outstanding AR relate to Medicare and other healthcare payers.
  • Perform collections activities on delinquent loan accounts to include repossessions, foreclosures, bankruptcy proceedings, and disposition of repossess assets.
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Asset manager example responsibilities.

  • Manage and improve the processes require to support server end of life and normal windows patching processes.
  • Manage a pipeline of assets/projects through the project life cycle of short sale/deed in lieu of foreclosure through closing.
  • Manage and facilitate IRB investigations of report non-compliance and/or scientific misconduct.
  • Recognize for financial acumen, successfully managing invoicing, vendor accounts, reconciliations, and target reports.
  • Manage commercial and multifamily REO portfolio preparing property operating plans to enhance value and marketability of REO asset
  • Trade structured product securities for accounts manage by other portfolio managers base on economic conditions and the needs of specific portfolios.
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Assistant collections manager vs asset manager skills

Common assistant collections manager skills
  • Customer Service, 19%
  • Loan Applications, 13%
  • Customer Satisfaction, 9%
  • Delinquent Accounts, 8%
  • Past Due Accounts, 6%
  • Credit Card, 4%
Common asset manager skills
  • Asset Management, 20%
  • Financial Statements, 7%
  • Property Management, 7%
  • Customer Service, 6%
  • Oversight, 5%
  • Loan Portfolio, 5%

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