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Assistant collections manager vs assistant account manager

The differences between assistant collections managers and assistant account 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 assistant account manager. Additionally, an assistant account manager has an average salary of $45,905, 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 assistant account manager are HR, emergency situations, and account management.

Assistant collections manager vs assistant account manager overview

Assistant Collections ManagerAssistant Account Manager
Yearly salary$44,728$45,905
Hourly rate$21.50$22.07
Growth rate17%17%
Number of jobs37,050115,363
Job satisfaction--
Most common degreeBachelor's Degree, 48%Bachelor's Degree, 62%
Average age4646
Years of experience88

Assistant collections manager vs assistant account manager salary

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

Assistant Collections ManagerAssistant Account Manager
Average salary$44,728$45,905
Salary rangeBetween $32,000 And $61,000Between $31,000 And $66,000
Highest paying City-Toms River, NJ
Highest paying state-New Jersey
Best paying company-Elanco
Best paying industry-Professional

Differences between assistant collections manager and assistant account manager education

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

Assistant Collections ManagerAssistant Account Manager
Most common degreeBachelor's Degree, 48%Bachelor's Degree, 62%
Most common majorBusinessBusiness
Most common collegeStanford UniversityUniversity of Pennsylvania

Assistant collections manager vs assistant account manager demographics

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

Assistant Collections ManagerAssistant Account Manager
Average age4646
Gender ratioMale, 43.6% Female, 56.4%Male, 40.4% Female, 59.6%
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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.3% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between assistant collections manager and assistant account 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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Assistant account manager example responsibilities.

  • Capitalize on strong organizational and interpersonal skills to expertly manage the regional provider enrollment system for Medicare and Medicaid memberships.
  • Prepare account reconciliations, investigate differences and conduct expense analysis and maintain the company's fix assets system.
  • Allocate revenue of sales, cash flow, inflow and outflow, wire transfers to ensure compliance with GAAP accounting standards.
  • Full responsibility accounting including month end/year end close, reconciliations, budgets, forecasts and performance management.
  • Work closely with CPA firm on annual tax filings.
  • Submit product return claims through documentation and EDI transmissions.
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Assistant collections manager vs assistant account 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 assistant account manager skills
  • HR, 25%
  • Emergency Situations, 24%
  • Account Management, 6%
  • Insurance Policies, 4%
  • Quality Customer Service, 4%
  • Financial Statements, 4%

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