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Assistant credit manager vs assistant account manager

The differences between assistant credit managers and assistant account 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 credit manager and an assistant account manager. Additionally, an assistant credit manager has an average salary of $58,664, which is higher than the $45,905 average annual salary of an assistant account manager.

The top three skills for an assistant credit manager include financial statements, credit limits and past due accounts. The most important skills for an assistant account manager are HR, emergency situations, and account management.

Assistant credit manager vs assistant account manager overview

Assistant Credit ManagerAssistant Account Manager
Yearly salary$58,664$45,905
Hourly rate$28.20$22.07
Growth rate17%17%
Number of jobs40,924115,363
Job satisfaction--
Most common degreeBachelor's Degree, 56%Bachelor's Degree, 62%
Average age4646
Years of experience88

What does an assistant credit manager do?

An assistant credit manager performs support tasks to assist credit managers in handling credit accounts and procedures. Among their usual responsibilities include managing credit applications, verifying information and requirements, and evaluating the applicants' credit scores and financial records to ensure their ability to uphold financial obligations. Moreover, they also perform clerical tasks such as preparing and processing documents, handling calls and correspondence, organizing files, liaising with clients, answering inquiries, and resolving issues and concerns should any arise. In the absence of the manager, they have the responsibility to oversee staff and monitor operations to ensure an efficient workflow.

What does an assistant account manager do?

An assistant account manager is in charge of performing clerical support tasks for account managers. Their responsibilities revolve around preparing and processing documents, answering calls and correspondence, taking part in managing schedules and budgets, arranging meetings and appointments, and performing research and analysis to identify new business opportunities. They may also pursue sales leads, reaching out to clients to offer products or services. Furthermore, as an assistant account manager, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.

Assistant credit manager vs assistant account manager salary

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

Assistant Credit ManagerAssistant Account Manager
Average salary$58,664$45,905
Salary rangeBetween $30,000 And $113,000Between $31,000 And $66,000
Highest paying City-Toms River, NJ
Highest paying state-New Jersey
Best paying company-Elanco
Best paying industry-Professional

Differences between assistant credit manager and assistant account manager education

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

Assistant Credit ManagerAssistant Account Manager
Most common degreeBachelor's Degree, 56%Bachelor's Degree, 62%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Assistant credit manager vs assistant account manager demographics

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

Assistant Credit ManagerAssistant Account Manager
Average age4646
Gender ratioMale, 44.4% Female, 55.6%Male, 40.4% Female, 59.6%
Race ratioBlack or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.2% White, 64.6% American Indian and Alaska Native, 0.3%Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.3% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between assistant credit manager and assistant account manager duties and responsibilities

Assistant credit manager example responsibilities.

  • Manage A/R portfolio in excess of $7 million and reduce DSO from 120 days to 45/60 days.
  • Assist with annual budget preparation and manage operating and payroll expenses to remain within budgetary guidelines.
  • Solicit, underwrite, finded a d service SBA loans.
  • Lead a team of representatives in daily work routine and assist store manager in payroll and discipline.
  • Reduce DSO through development of positive customer relationships.
  • Supervise staff of collections representatives responsible for reducing bad debt while also upholding company policies, and following strict legal regulations.
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Assistant account manager example responsibilities.

  • Capitalize on strong organizational and interpersonal skills to expertly manage the regional provider enrollment system for Medicare and Medicaid memberships.
  • Prepare account reconciliations, investigate differences and conduct expense analysis and maintain the company's fix assets system.
  • Allocate revenue of sales, cash flow, inflow and outflow, wire transfers to ensure compliance with GAAP accounting standards.
  • Full responsibility accounting including month end/year end close, reconciliations, budgets, forecasts and performance management.
  • Work closely with CPA firm on annual tax filings.
  • Submit product return claims through documentation and EDI transmissions.
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Assistant credit manager vs assistant account manager skills

Common assistant credit manager skills
  • Financial Statements, 12%
  • Credit Limits, 6%
  • Past Due Accounts, 6%
  • Credit Card Payments, 6%
  • Delinquent Accounts, 5%
  • Credit Worthiness, 4%
Common assistant account manager skills
  • HR, 25%
  • Emergency Situations, 24%
  • Account Management, 6%
  • Insurance Policies, 4%
  • Quality Customer Service, 4%
  • Financial Statements, 4%

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