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The differences between assistant credit managers and cash 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 a cash manager. Additionally, a cash manager has an average salary of $93,363, 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 a cash manager are customer service, cash management, and treasury.
| Assistant Credit Manager | Cash Manager | |
| Yearly salary | $58,664 | $93,363 |
| Hourly rate | $28.20 | $44.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 40,924 | 60,517 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
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.
A cash manager is responsible for monitoring cash flow, analyzing financial transactions, and allocating adequate budget and resources for every department's operations. Cash managers conduct data and statistical analysis to determine the company's expenses and financial loss and strategize techniques in minimizing those risks. They also help senior management in identifying business opportunities that would generate more revenue resources and increase profits for the business. A cash manager handles billing disputes, resolves account discrepancies, and submits accurate financial reports.
Assistant credit managers and cash managers have different pay scales, as shown below.
| Assistant Credit Manager | Cash Manager | |
| Average salary | $58,664 | $93,363 |
| Salary range | Between $30,000 And $113,000 | Between $66,000 And $130,000 |
| Highest paying City | - | Redding, CA |
| Highest paying state | - | California |
| Best paying company | - | PVH |
| Best paying industry | - | Manufacturing |
There are a few differences between an assistant credit manager and a cash manager in terms of educational background:
| Assistant Credit Manager | Cash Manager | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between assistant credit managers' and cash managers' demographics:
| Assistant Credit Manager | Cash Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 44.4% Female, 55.6% | Male, 38.2% Female, 61.8% |
| Race ratio | Black 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, 8.0% Unknown, 4.1% Hispanic or Latino, 15.5% Asian, 8.0% White, 64.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |