Post job

Collections/account manager vs risk manager

The differences between collections/account managers and risk 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 a risk manager. Additionally, a risk manager has an average salary of $116,072, 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 a risk manager are oversight, risk assessments, and project management.

Collections/account manager vs risk manager overview

Collections/Account ManagerRisk Manager
Yearly salary$48,753$116,072
Hourly rate$23.44$55.80
Growth rate17%17%
Number of jobs114,93675,795
Job satisfaction--
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 66%
Average age4646
Years of experience88

Collections/account manager vs risk manager salary

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

Collections/Account ManagerRisk Manager
Average salary$48,753$116,072
Salary rangeBetween $34,000 And $68,000Between $84,000 And $160,000
Highest paying City-San Francisco, CA
Highest paying state-California
Best paying company-Credit Karma
Best paying industry-Technology

Differences between collections/account manager and risk manager education

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

Collections/Account ManagerRisk Manager
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 66%
Most common majorBusinessBusiness
Most common collegeStanford UniversityUniversity of Pennsylvania

Collections/account manager vs risk manager demographics

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

Collections/Account ManagerRisk Manager
Average age4646
Gender ratioMale, 40.2% Female, 59.8%Male, 59.3% Female, 40.7%
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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between collections/account manager and risk 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

Risk manager example responsibilities.

  • Lead team in addressing Sarbanes-Oxley, HIPAA, and SAS70 compliance and control mandates.
  • Develop procedures and policies to manage site implementation of successful JD Edwards ERP system.
  • Direct staff, manage A/R and reconciliations, petty cash disbursements and tracking of all incoming claims and payments.
  • Manage the loan loss receivables SAS data mart, document change initiatives, implement SAS coding changes and process ongoing updates.
  • Manage accounting procedures and general ledger reconciliations.
  • Lead SOX project planning and implementation, successfully implement the corporate governance policies and internal control framework.
  • Show more

Collections/account manager vs risk 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 risk manager skills
  • Oversight, 10%
  • Risk Assessments, 6%
  • Project Management, 6%
  • Portfolio, 5%
  • Strong Analytical, 4%
  • Operational Risk, 4%

Browse executive management jobs