Collections director vs audit manager

The differences between collections directors 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 director and an audit manager. Additionally, an audit manager has an average salary of $121,419, which is higher than the $73,243 average annual salary of a collections director.

The top three skills for a collections director include oversight, process improvement and collection process. The most important skills for an audit manager are CPA, internal audit, and audit reports.

Collections director vs audit manager overview

	Collections Director	Audit Manager
Yearly salary	$73,243	$121,419
Hourly rate	$35.21	$58.37
Growth rate	17%	17%
Number of jobs	8,957	70,168
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 75%
Average age	46	46
Years of experience	8	8

Collections director vs audit manager salary

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

	Collections Director	Audit Manager
Average salary	$73,243	$121,419
Salary range	Between $43,000 And $122,000	Between $82,000 And $178,000
Highest paying City	New York, NY	Portland, ME
Highest paying state	New York	Maine
Best paying company	WKYU	Meta
Best paying industry	Technology	Manufacturing

Differences between collections director and audit manager education

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

	Collections Director	Audit Manager
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 75%
Most common major	Business	Accounting
Most common college	Stanford University	University of Pennsylvania

Collections director vs audit manager demographics

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

	Collections Director	Audit Manager
Average age	46	46
Gender ratio	Male, 55.1% Female, 44.9%	Male, 66.0% Female, 34.0%
Race ratio	Black 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between collections director and audit 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.

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.

Collections director vs audit manager skills

Common collections director skills

Oversight, 13%
Process Improvement, 8%
Collection Process, 7%
Customer Service, 6%
Financial Statements, 5%
Cash Flow, 5%

Common audit manager skills

CPA, 14%
Internal Audit, 6%
Audit Reports, 6%
Audit Engagements, 5%
Financial Services, 5%
Risk Management, 5%