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The differences between assistant credit managers and senior 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 credit manager and a senior finance manager. Additionally, a senior finance manager has an average salary of $133,358, 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 senior finance manager are hyperion, financial performance, and financial analysis.
| Assistant Credit Manager | Senior Finance Manager | |
| Yearly salary | $58,664 | $133,358 |
| Hourly rate | $28.20 | $64.11 |
| Growth rate | 17% | 17% |
| Number of jobs | 40,924 | 139,639 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 68% |
| 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 senior finance manager is an individual who supervises financial department staff members as well as monitors the daily financial operations within a company. Senior finance managers must keep track of the financial status and performance of the company so that they can identify areas for potential improvement. They review financial data and prepare reports to be presented to the management to help them in their business decision making. Senior finance managers must also maintain policies within the company and should have a deep understanding of financial regulations and legislations.
Assistant credit managers and senior finance managers have different pay scales, as shown below.
| Assistant Credit Manager | Senior Finance Manager | |
| Average salary | $58,664 | $133,358 |
| Salary range | Between $30,000 And $113,000 | Between $95,000 And $185,000 |
| Highest paying City | - | San Francisco, CA |
| Highest paying state | - | California |
| Best paying company | - | Roku |
| Best paying industry | - | Professional |
There are a few differences between an assistant credit manager and a senior finance manager in terms of educational background:
| Assistant Credit Manager | Senior Finance Manager | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 68% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between assistant credit managers' and senior finance managers' demographics:
| Assistant Credit Manager | Senior Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 44.4% Female, 55.6% | Male, 70.3% Female, 29.7% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |