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Collections/account manager vs audit manager

The differences between collections/account managers and audit managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a collections/account manager and an audit manager. Additionally, an audit manager has an average salary of $121,419, which is higher than the $48,753 average annual salary of a collections/account manager.

The top three skills for a collections/account manager include customer service, payment arrangements and debt collection. The most important skills for an audit manager are CPA, internal audit, and audit reports.

Collections/account manager vs audit manager overview

Collections/Account ManagerAudit Manager
Yearly salary$48,753$121,419
Hourly rate$23.44$58.37
Growth rate17%17%
Number of jobs114,93670,168
Job satisfaction--
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 75%
Average age4646
Years of experience88

Collections/account manager vs audit manager salary

Collections/account managers and audit managers have different pay scales, as shown below.

Collections/Account ManagerAudit Manager
Average salary$48,753$121,419
Salary rangeBetween $34,000 And $68,000Between $82,000 And $178,000
Highest paying City-Portland, ME
Highest paying state-Maine
Best paying company-Meta
Best paying industry-Manufacturing

Differences between collections/account manager and audit manager education

There are a few differences between a collections/account manager and an audit manager in terms of educational background:

Collections/Account ManagerAudit Manager
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 75%
Most common majorBusinessAccounting
Most common collegeStanford UniversityUniversity of Pennsylvania

Collections/account manager vs audit manager demographics

Here are the differences between collections/account managers' and audit managers' demographics:

Collections/Account ManagerAudit Manager
Average age4646
Gender ratioMale, 40.2% Female, 59.8%Male, 66.0% Female, 34.0%
Race ratioBlack or African American, 7.7% Unknown, 4.1% Hispanic or Latino, 14.9% Asian, 7.3% White, 65.6% American Indian and Alaska Native, 0.3%Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between collections/account manager and audit manager duties and responsibilities

Collections/account manager example responsibilities.

  • Achieve historical low of six percent in A/R over 30 days past due and reduction of DSO to 53 days.
  • Process payroll and employee benefits, mediated/resolve personnel issues and assure EEOC and OSHA compliance.
  • Handle high volume incoming/outgoing calls, skip-tracing to find location information by following FDCPA regulations and hit monthly budget.
  • Maintain and ensure a working knowledge of all federal, state and local governmental regulations including FDCPA, TCPA and FISMA.
  • Negotiate and execute contract labor, outsourcing and payroll servicing contracts.
  • Resolve delinquency by ACH payment collections, implement payment programs and negotiate settlements.
  • Show more

Audit manager example responsibilities.

  • Manage a review for a large insurance company to ensure compliance with HIPAA law.
  • Manage audits in all divisions and ensure all accounting transactions are perform in accordance with GAAP.
  • Lead ERM development, implementation, risk assessment reviews, reporting, improvement/remediation, & continuous monitoring.
  • Manage quarterly reviews (10-Q) and annual audit (10-K) of two public companies as per PCAOB standards.
  • Manage audits of monthly closings, bank reports, cash flow, operations analysis, revenue accounting, and IPO documents.
  • Manage two staff accountants and Hyperion assistant/analyst.
  • Show more

Collections/account manager vs audit manager skills

Common collections/account manager skills
  • Customer Service, 17%
  • Payment Arrangements, 11%
  • Debt Collection, 11%
  • Delinquent Accounts, 10%
  • Student Loans, 7%
  • Past Due Accounts, 6%
Common audit manager skills
  • CPA, 14%
  • Internal Audit, 6%
  • Audit Reports, 6%
  • Audit Engagements, 5%
  • Financial Services, 5%
  • Risk Management, 5%

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