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Collections director vs accounts payable manager

The differences between collections directors and accounts payable 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 director and an accounts payable manager. Additionally, a collections director has an average salary of $73,243, which is higher than the $69,808 average annual salary of an accounts payable manager.

The top three skills for a collections director include oversight, process improvement and collection process. The most important skills for an accounts payable manager are customer service, reconciliations, and purchase orders.

Collections director vs accounts payable manager overview

Collections DirectorAccounts Payable Manager
Yearly salary$73,243$69,808
Hourly rate$35.21$33.56
Growth rate17%17%
Number of jobs8,95753,384
Job satisfaction--
Most common degreeBachelor's Degree, 63%Bachelor's Degree, 58%
Average age4646
Years of experience88

Collections director vs accounts payable manager salary

Collections directors and accounts payable managers have different pay scales, as shown below.

Collections DirectorAccounts Payable Manager
Average salary$73,243$69,808
Salary rangeBetween $43,000 And $122,000Between $51,000 And $95,000
Highest paying CityNew York, NYBeaverton, OR
Highest paying stateNew YorkOregon
Best paying companyWKYUMicrosoft
Best paying industryTechnologyFinance

Differences between collections director and accounts payable manager education

There are a few differences between a collections director and an accounts payable manager in terms of educational background:

Collections DirectorAccounts Payable Manager
Most common degreeBachelor's Degree, 63%Bachelor's Degree, 58%
Most common majorBusinessAccounting
Most common collegeStanford UniversityUniversity of Pennsylvania

Collections director vs accounts payable manager demographics

Here are the differences between collections directors' and accounts payable managers' demographics:

Collections DirectorAccounts Payable Manager
Average age4646
Gender ratioMale, 55.1% Female, 44.9%Male, 24.0% Female, 76.0%
Race ratioBlack or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.1% Asian, 7.3% White, 65.3% American Indian and Alaska Native, 0.3%Black or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 8.0% White, 64.3% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between collections director and accounts payable manager duties and responsibilities

Collections director example responsibilities.

  • Achieve goal a year ahead of schedule, reducing DSO's from a steady 59 days to 43 days.
  • Manage team through budget/business plans with oversight responsibility to department objectives.
  • Credit and collection duties to maintain appropriate DSO levels.
  • Perform collections activities on delinquent loan accounts to include repossessions, foreclosures, bankruptcy proceedings, and disposition of repossess assets.
  • Supervise the project to move the majority of vendors and customers to ACH transactions.
  • Initial collections experience; develop communication and negotiation skills while quickly progressing through various departments specializing in different financial areas.

Accounts payable manager example responsibilities.

  • Manage bi-weekly payroll, bonuses, pay cards, PTO.
  • Collect, enter & manage the quality of information require to produce accurate information report to IRS.
  • Authorize all AP payment invoices, manage deposits and cash management functions, while providing overall complete payroll oversight.
  • Refine the 'pro forma invoice' system process to manage prepayments of client invoices enhancing efficiency and adding value.
  • Assist in computer software upgrade to integrate all accounting functions including pricing, AP, AR, GL and inventory.
  • Ensure timely and efficient processing of authorize AP invoices and cash disbursements, as well as AR invoices and cash receipts.
    • Show more

Collections director vs accounts payable manager skills

Common collections director skills
  • Oversight, 13%
  • Process Improvement, 8%
  • Collection Process, 7%
  • Customer Service, 6%
  • Financial Statements, 5%
  • Cash Flow, 5%
Common accounts payable manager skills
  • Customer Service, 7%
  • Reconciliations, 6%
  • Purchase Orders, 5%
  • Vendor Invoices, 5%
  • Financial Statements, 4%
  • Payroll, 4%

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Updated January 8, 2025

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