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Assistant collections manager vs credit manager

The differences between assistant collections managers and credit 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 credit manager. Additionally, a credit manager has an average salary of $68,583, 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 credit manager are customer service, financial statements, and credit card.

Assistant collections manager vs credit manager overview

Assistant Collections ManagerCredit Manager
Yearly salary$44,728$68,583
Hourly rate$21.50$32.97
Growth rate17%17%
Number of jobs37,05063,898
Job satisfaction--
Most common degreeBachelor's Degree, 48%Bachelor's Degree, 67%
Average age4646
Years of experience88

Assistant collections manager vs credit manager salary

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

Assistant Collections ManagerCredit Manager
Average salary$44,728$68,583
Salary rangeBetween $32,000 And $61,000Between $39,000 And $119,000
Highest paying City-San Francisco, CA
Highest paying state-Oregon
Best paying company-Microsoft
Best paying industry-Finance

Differences between assistant collections manager and credit manager education

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

Assistant Collections ManagerCredit Manager
Most common degreeBachelor's Degree, 48%Bachelor's Degree, 67%
Most common majorBusinessBusiness
Most common collegeStanford UniversityUniversity of Pennsylvania

Assistant collections manager vs credit manager demographics

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

Assistant Collections ManagerCredit Manager
Average age4646
Gender ratioMale, 43.6% Female, 56.4%Male, 53.9% Female, 46.1%
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, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 7.8% White, 64.5% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between assistant collections manager and credit 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

Credit manager example responsibilities.

  • Manage treasury department including all cash management, bank relationships, and debt negotiations.
  • Manage an initiative to move customers from checks to ACH with CTX or EDI remittances.
  • Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
  • Launch the new SBA lending and residential mortgage lending programs.
  • Complete loan workouts and restructures on SBA 504 and LIHTC multifamily loans.
  • Leverage GBM using features generate on Experian's tradeline data through unsupervise learning tool Khiops.
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Assistant collections manager vs credit 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 credit manager skills
  • Customer Service, 16%
  • Financial Statements, 9%
  • Credit Card, 5%
  • Credit Risk, 5%
  • Credit Policy, 5%
  • Customer Accounts, 4%

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