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Assistant credit manager vs assistant director of finance

The differences between assistant credit managers and assistant directors of finance 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 director of finance. Additionally, an assistant director of finance has an average salary of $71,057, which is higher than the $58,664 average annual salary of an assistant credit 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 director of finance are customer service, payroll, and reconciliations.

Assistant credit manager vs assistant director of finance overview

Assistant Credit ManagerAssistant Director Of Finance
Yearly salary$58,664$71,057
Hourly rate$28.20$34.16
Growth rate17%17%
Number of jobs40,92498,892
Job satisfaction--
Most common degreeBachelor's Degree, 56%Bachelor's Degree, 70%
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 director of finance do?

An assistant director of finance is responsible for overseeing the financial activities of a company, ensuring accuracy and smooth workflow. They are also in charge of implementing company policies and regulations, creating new ones as needed while coordinating with the director. Moreover, an assistant director of finance may perform audits and risk assessments, allocate budgets and schedules, coordinate with different departments to gather necessary data, and create new strategies to optimize the workflow and the performance of the workforce.

Assistant credit manager vs assistant director of finance salary

Assistant credit managers and assistant directors of finance have different pay scales, as shown below.

Assistant Credit ManagerAssistant Director Of Finance
Average salary$58,664$71,057
Salary rangeBetween $30,000 And $113,000Between $46,000 And $109,000
Highest paying City-Oakland, CA
Highest paying state-New York
Best paying company-UCI Health
Best paying industry-Utilities

Differences between assistant credit manager and assistant director of finance education

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

Assistant Credit ManagerAssistant Director Of Finance
Most common degreeBachelor's Degree, 56%Bachelor's Degree, 70%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Assistant credit manager vs assistant director of finance demographics

Here are the differences between assistant credit managers' and assistant directors of finance' demographics:

Assistant Credit ManagerAssistant Director Of Finance
Average age4646
Gender ratioMale, 44.4% Female, 55.6%Male, 46.7% Female, 53.3%
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, 7.8% Unknown, 4.1% Hispanic or Latino, 15.1% Asian, 8.9% White, 63.7% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between assistant credit manager and assistant director of finance 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 director of finance example responsibilities.

  • Manage FSEOG & FWS programs in the campus.
  • Lead team of individuals responsible for completion of verification, R2T4, and student file audits.
  • Manage a majority of payroll ensuring that there are accurate accruals and necessary deductions.
  • Manage financial reporting in support of CEO/CFO/President with oversight for data integrity and consistency of reporting across enterprise.
  • Complete state and federal reporting which pertain to financial aid such as IPEDS, FISAP, and HLC reports.
  • Prepare journal entries, prepare reconciliations, produce financial productivity reports, and liaise with business managers as lead accounting point-of-contact.
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Assistant credit manager vs assistant director of finance 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 director of finance skills
  • Customer Service, 9%
  • Payroll, 8%
  • Reconciliations, 5%
  • Financial Analysis, 5%
  • Financial Data, 4%
  • Cash Control, 4%

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