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Assistant collections manager vs risk manager

The differences between assistant collections managers and risk 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 risk manager. Additionally, a risk manager has an average salary of $116,072, 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 risk manager are oversight, risk assessments, and project management.

Assistant collections manager vs risk manager overview

Assistant Collections ManagerRisk Manager
Yearly salary$44,728$116,072
Hourly rate$21.50$55.80
Growth rate17%17%
Number of jobs37,05075,795
Job satisfaction--
Most common degreeBachelor's Degree, 48%Bachelor's Degree, 66%
Average age4646
Years of experience88

Assistant collections manager vs risk manager salary

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

Assistant Collections ManagerRisk Manager
Average salary$44,728$116,072
Salary rangeBetween $32,000 And $61,000Between $84,000 And $160,000
Highest paying City-San Francisco, CA
Highest paying state-California
Best paying company-Credit Karma
Best paying industry-Technology

Differences between assistant collections manager and risk manager education

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

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

Assistant collections manager vs risk manager demographics

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

Assistant Collections ManagerRisk Manager
Average age4646
Gender ratioMale, 43.6% Female, 56.4%Male, 59.3% Female, 40.7%
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, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between assistant collections manager and risk 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

Risk manager example responsibilities.

  • Lead team in addressing Sarbanes-Oxley, HIPAA, and SAS70 compliance and control mandates.
  • Develop procedures and policies to manage site implementation of successful JD Edwards ERP system.
  • Direct staff, manage A/R and reconciliations, petty cash disbursements and tracking of all incoming claims and payments.
  • Manage the loan loss receivables SAS data mart, document change initiatives, implement SAS coding changes and process ongoing updates.
  • Manage accounting procedures and general ledger reconciliations.
  • Lead SOX project planning and implementation, successfully implement the corporate governance policies and internal control framework.
  • Show more

Assistant collections manager vs risk 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 risk manager skills
  • Oversight, 10%
  • Risk Assessments, 6%
  • Project Management, 6%
  • Portfolio, 5%
  • Strong Analytical, 4%
  • Operational Risk, 4%

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