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Assistant collections manager vs collections manager

The differences between assistant collections managers and collections 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 collections manager. Additionally, a collections manager has an average salary of $59,529, 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 collections manager are customer service, collection management, and portfolio.

Assistant collections manager vs collections manager overview

Assistant Collections ManagerCollections Manager
Yearly salary$44,728$59,529
Hourly rate$21.50$28.62
Growth rate17%17%
Number of jobs37,05044,553
Job satisfaction--
Most common degreeBachelor's Degree, 48%Bachelor's Degree, 51%
Average age4646
Years of experience88

Assistant collections manager vs collections manager salary

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

Assistant Collections ManagerCollections Manager
Average salary$44,728$59,529
Salary rangeBetween $32,000 And $61,000Between $42,000 And $83,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Amazon
Best paying industry-Health Care

Differences between assistant collections manager and collections manager education

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

Assistant Collections ManagerCollections Manager
Most common degreeBachelor's Degree, 48%Bachelor's Degree, 51%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Assistant collections manager vs collections manager demographics

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

Assistant Collections ManagerCollections Manager
Average age4646
Gender ratioMale, 43.6% Female, 56.4%Male, 50.8% Female, 49.2%
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, 8.0% Unknown, 4.1% Hispanic or Latino, 15.5% Asian, 7.3% White, 64.7% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between assistant collections manager and collections 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.
  • Show more

Collections manager example responsibilities.

  • Achieve 182 FTE save, and annual net saving of $2.8MM
  • Manage Medicaid accounts in effort to receive payment from them.
  • Manage self pay and Medicaid pending collections throughout the southeast region.
  • Organize the managed care effort to ensure that patients are not accept from incorrect PPO's and HMO's.
  • Create and implement new quantitative process to achieve corporate DSO targets that determines monthly cash collection targets by business unit.
  • Achieve historical low of six percent in A/R over 30 days past due and reduction of DSO to 53 days.
  • Show more

Assistant collections manager vs collections 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 collections manager skills
  • Customer Service, 15%
  • Collection Management, 9%
  • Portfolio, 7%
  • FDCPA, 5%
  • Delinquent Accounts, 4%
  • Credit Card, 4%

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