Collections director vs finance administrator

The differences between collections directors and finance administrators 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 a finance administrator. Additionally, a collections director has an average salary of $73,243, which is higher than the $55,541 average annual salary of a finance administrator.

The top three skills for a collections director include oversight, process improvement and collection process. The most important skills for a finance administrator are customer service, financial aid, and powerpoint.

Collections director vs finance administrator overview

	Collections Director	Finance Administrator
Yearly salary	$73,243	$55,541
Hourly rate	$35.21	$26.70
Growth rate	17%	17%
Number of jobs	8,957	130,256
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 61%
Average age	46	46
Years of experience	8	8

Collections director vs finance administrator salary

Collections directors and finance administrators have different pay scales, as shown below.

	Collections Director	Finance Administrator
Average salary	$73,243	$55,541
Salary range	Between $43,000 And $122,000	Between $38,000 And $80,000
Highest paying City	New York, NY	Dover, DE
Highest paying state	New York	Delaware
Best paying company	WKYU	State Street
Best paying industry	Technology	Manufacturing

Differences between collections director and finance administrator education

There are a few differences between a collections director and a finance administrator in terms of educational background:

	Collections Director	Finance Administrator
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 61%
Most common major	Business	Business
Most common college	Stanford University	University of Pennsylvania

Collections director vs finance administrator demographics

Here are the differences between collections directors' and finance administrators' demographics:

	Collections Director	Finance Administrator
Average age	46	46
Gender ratio	Male, 55.1% Female, 44.9%	Male, 29.3% Female, 70.7%
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, 7.7% Unknown, 4.1% Hispanic or Latino, 14.8% Asian, 9.2% White, 63.9% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between collections director and finance administrator 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.

Finance administrator example responsibilities.

Manage the design and implementation of appropriate controls as per Sarbanes-Oxley (SOX) and internal corporate procedures.
Manage key logistics and secure necessary resources within budget constraints.
Monitor all transactions in assign inventory finance portfolio to manage invoice funding approval decision.
Do A/P, A/R and G/L.
Prepare daily, weekly and monthly reports including fund loans, commissions, titles, A/P & A/R.
Assist families with Medicaid applications.

Collections director vs finance administrator skills

Common collections director skills

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

Common finance administrator skills

Customer Service, 17%
Financial Aid, 12%
PowerPoint, 7%
Rehabilitation, 7%
Balance Sheet, 4%
Human Resources, 4%

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Collections Director
Collections Director vs Finance Administrator

Updated January 8, 2025

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