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Assistant credit manager vs tax manager

The differences between assistant credit managers and tax 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 tax manager. Additionally, a tax manager has an average salary of $96,100, 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 tax manager are CPA, client relationships, and tax planning.

Assistant credit manager vs tax manager overview

Assistant Credit ManagerTax Manager
Yearly salary$58,664$96,100
Hourly rate$28.20$46.20
Growth rate17%17%
Number of jobs40,92479,204
Job satisfaction--
Most common degreeBachelor's Degree, 56%Bachelor's Degree, 68%
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 a tax manager do?

A Tax Manager is responsible for managing tax reporting and compliance within an organization. They provide innovative tax planning and prepare state and federal tax returns for companies.

Assistant credit manager vs tax manager salary

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

Assistant Credit ManagerTax Manager
Average salary$58,664$96,100
Salary rangeBetween $30,000 And $113,000Between $70,000 And $131,000
Highest paying City-San Francisco, CA
Highest paying state-New York
Best paying company-Meta
Best paying industry-Finance

Differences between assistant credit manager and tax manager education

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

Assistant Credit ManagerTax Manager
Most common degreeBachelor's Degree, 56%Bachelor's Degree, 68%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Southern California

Assistant credit manager vs tax manager demographics

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

Assistant Credit ManagerTax Manager
Average age4646
Gender ratioMale, 44.4% Female, 55.6%Male, 58.5% Female, 41.5%
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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between assistant credit manager and tax 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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Tax manager example responsibilities.

  • Test and learned to analyze accounting processes managing SOX testing including accumulating documentation and reviewing other testers work.
  • Perform tax provision review to ensure compliance with ASC 740 and ASC 740-10 for public trade companies and private companies.
  • Pull data and work with Hyperion.
  • Used Lexis Nexis, RIA, and CCH to research multiple tax projects.
  • Prepare and review ASC 740 tax balances for the company s fifteen largest foreign subsidiaries.
  • Calculate, prepare and submit quarterly estimate payments without need for review from third party CPA.
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Assistant credit manager vs tax 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 tax manager skills
  • CPA, 16%
  • Client Relationships, 7%
  • Tax Planning, 6%
  • Tax Compliance, 5%
  • Taxation, 4%
  • Tax Research, 4%

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