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Assistant collections manager vs bank manager

The differences between assistant collections managers and bank 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 a bank manager. Additionally, a bank manager has an average salary of $96,910, 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 a bank manager are bank products, financial services, and business development.

Assistant collections manager vs bank manager overview

Assistant Collections ManagerBank Manager
Yearly salary$44,728$96,910
Hourly rate$21.50$46.59
Growth rate17%17%
Number of jobs37,05066,136
Job satisfaction--
Most common degreeBachelor's Degree, 48%Bachelor's Degree, 64%
Average age4646
Years of experience88

Assistant collections manager vs bank manager salary

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

Assistant Collections ManagerBank Manager
Average salary$44,728$96,910
Salary rangeBetween $32,000 And $61,000Between $65,000 And $142,000
Highest paying City-San Francisco, CA
Highest paying state-California
Best paying company-Accenture
Best paying industry-Finance

Differences between assistant collections manager and bank manager education

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

Assistant Collections ManagerBank Manager
Most common degreeBachelor's Degree, 48%Bachelor's Degree, 64%
Most common majorBusinessBusiness
Most common collegeStanford UniversityUniversity of Pennsylvania

Assistant collections manager vs bank manager demographics

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

Assistant Collections ManagerBank Manager
Average age4646
Gender ratioMale, 43.6% Female, 56.4%Male, 48.9% Female, 51.1%
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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.7% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between assistant collections manager and bank 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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Bank manager example responsibilities.

  • Manage a portfolio in various stages of workout including liquidation, refinancing, restructure, rehabilitation, bankruptcy and litigation.
  • Collaborate with corporate training designers and facilitators to plan, develop and execute AML and KYC relate training.
  • Handle escalations in the absence of the FCM; ensure enterprise complaint tracking own resource management for the financial center.
  • Team up with FCM and regional recruiter in interview and hiring process.
  • Perform other jobs and relate projects as assigned including mentoring sales employees to exceed assign goals by Bancorp.
  • Monitor all banking operations according to the federal rules and regulations, including performing monthly audits, and following Bancorp standards.
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Assistant collections manager vs bank 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 bank manager skills
  • Bank Products, 7%
  • Financial Services, 7%
  • Business Development, 6%
  • Secrecy, 6%
  • Bank Secrecy Act, 6%
  • Community Involvement, 5%

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