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Assistant collections manager vs finance manager

The differences between assistant collections managers and finance 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 finance manager. Additionally, a finance manager has an average salary of $101,374, 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 finance manager are financial analysis, CPA, and customer service.

Assistant collections manager vs finance manager overview

Assistant Collections ManagerFinance Manager
Yearly salary$44,728$101,374
Hourly rate$21.50$48.74
Growth rate17%17%
Number of jobs37,050125,345
Job satisfaction-5
Most common degreeBachelor's Degree, 48%Bachelor's Degree, 66%
Average age4646
Years of experience88

Assistant collections manager vs finance manager salary

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

Assistant Collections ManagerFinance Manager
Average salary$44,728$101,374
Salary rangeBetween $32,000 And $61,000Between $71,000 And $144,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Barclays
Best paying industry-Finance

Differences between assistant collections manager and finance manager education

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

Assistant Collections ManagerFinance Manager
Most common degreeBachelor's Degree, 48%Bachelor's Degree, 66%
Most common majorBusinessBusiness
Most common collegeStanford UniversityUniversity of Pennsylvania

Assistant collections manager vs finance manager demographics

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

Assistant Collections ManagerFinance Manager
Average age4646
Gender ratioMale, 43.6% Female, 56.4%Male, 60.0% Female, 40.0%
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, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between assistant collections manager and finance 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

Finance manager example responsibilities.

  • Manage the preparation of monthly reporting packs and board presentations with robust variance analysis, commentaries and forward looking KPIs.
  • Manage a team of sales persons, business managers, sales manager, A/R, A/P, and general managers.
  • Lead successful sales team and provide direct oversight on overall dealership business profitability.
  • Manage accounts payable/receivable, deposits, payroll preparation, purchasing and inventory management, liaison to accountant.
  • Oversee financial analysis, financial audits, G/L, A/R, A/P and fixed-asset accounting in accordance with GAAP standards.
  • Execute simple SQL queries to validate data in tables.
  • Show more

Assistant collections manager vs finance 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 finance manager skills
  • Financial Analysis, 7%
  • CPA, 7%
  • Customer Service, 6%
  • Hyperion, 4%
  • Financial Models, 4%
  • Strong Analytical, 4%

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