Assurance manager vs credit manager

The differences between assurance managers and credit 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 assurance manager and a credit manager. Additionally, an assurance manager has an average salary of $80,075, which is higher than the $68,583 average annual salary of a credit manager.

The top three skills for an assurance manager include client service, internal controls and business development. The most important skills for a credit manager are customer service, financial statements, and credit card.

Assurance manager vs credit manager overview

	Assurance Manager	Credit Manager
Yearly salary	$80,075	$68,583
Hourly rate	$38.50	$32.97
Growth rate	17%	17%
Number of jobs	78,670	63,898
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 67%
Average age	46	46
Years of experience	8	8

What does an assurance manager do?

An assurance manager is in charge of overseeing the quality assurance procedures in a manufacturing facility. Among their responsibilities include supervising quality assurance teams, setting goals and guidelines, managing budgets and schedules, gathering and analyzing data, producing progress reports, liaising with internal and external parties, and addressing issues and concerns, resolving them in a timely and efficient manner. Moreover, as a manager, it is essential to lead and encourage the staff to reach goals while implementing the company's policies and regulations.

What does a credit manager do?

A credit manager is an individual who supervises the credit granting process for a company by evaluating the creditworthiness of potential customers. Credit managers must maintain corporate credit policy to optimize company sales and reduce bad debt losses. They must manage the proper relationship with agencies such as the collection agency, credit insurance providers, and the sales department. Credit managers may work in different industries such as banks, accounting firms, or auto dealerships. They must also possess a bachelor's degree in financial management or related field.

Assurance manager vs credit manager salary

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

	Assurance Manager	Credit Manager
Average salary	$80,075	$68,583
Salary range	Between $55,000 And $115,000	Between $39,000 And $119,000
Highest paying City	San Francisco, CA	San Francisco, CA
Highest paying state	California	Oregon
Best paying company	Meta	Microsoft
Best paying industry	Technology	Finance

Differences between assurance manager and credit manager education

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

	Assurance Manager	Credit Manager
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 67%
Most common major	Accounting	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Assurance manager vs credit manager demographics

Here are the differences between assurance managers' and credit managers' demographics:

	Assurance Manager	Credit Manager
Average age	46	46
Gender ratio	Male, 70.6% Female, 29.4%	Male, 53.9% Female, 46.1%
Race ratio	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%	Black or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 7.8% White, 64.5% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between assurance manager and credit manager duties and responsibilities

Assurance manager example responsibilities.

Develop and manage CAPA systems, including tracking follow-up activities and maintaining databases to maximize efficiency and accuracy.
Manage complex development programs consisting of multiple geographically separate teams supporting automation, regression, feature test and system test.
Ensure compliance with all regulatory standards including TSA, CTPAT, and ISO.
Enhance the ISO auditing process at operational levels by organizing trial runs to facilitate employee involvement.
Perform the branch's first Sarbanes-Oxley financial audit for a public water utility within budget and deadline.
Design automation test plan, automation test suites and implement them using Java and PHP language for all brands.

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Credit manager example responsibilities.

Manage treasury department including all cash management, bank relationships, and debt negotiations.
Manage an initiative to move customers from checks to ACH with CTX or EDI remittances.
Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
Launch the new SBA lending and residential mortgage lending programs.
Complete loan workouts and restructures on SBA 504 and LIHTC multifamily loans.
Leverage GBM using features generate on Experian's tradeline data through unsupervise learning tool Khiops.

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Assurance manager vs credit manager skills

Common assurance manager skills

Client Service, 9%
Internal Controls, 7%
Business Development, 7%
Risk Assessments, 6%
Assurance Services, 5%
Internal Audit, 5%

Common credit manager skills

Customer Service, 16%
Financial Statements, 9%
Credit Card, 5%
Credit Risk, 5%
Credit Policy, 5%
Customer Accounts, 4%

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Updated January 8, 2025

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