Collections director vs tax manager

The differences between collections directors and tax 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 a tax manager. Additionally, a tax manager has an average salary of $96,100, 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 a tax manager are CPA, client relationships, and tax planning.

Collections director vs tax manager overview

	Collections Director	Tax Manager
Yearly salary	$73,243	$96,100
Hourly rate	$35.21	$46.20
Growth rate	17%	17%
Number of jobs	8,957	79,204
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 68%
Average age	46	46
Years of experience	8	8

Collections director vs tax manager salary

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

	Collections Director	Tax Manager
Average salary	$73,243	$96,100
Salary range	Between $43,000 And $122,000	Between $70,000 And $131,000
Highest paying City	New York, NY	San Francisco, CA
Highest paying state	New York	New York
Best paying company	WKYU	Meta
Best paying industry	Technology	Finance

Differences between collections director and tax manager education

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

	Collections Director	Tax Manager
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 68%
Most common major	Business	Accounting
Most common college	Stanford University	University of Southern California

Collections director vs tax manager demographics

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

	Collections Director	Tax Manager
Average age	46	46
Gender ratio	Male, 55.1% Female, 44.9%	Male, 58.5% Female, 41.5%
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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between collections director and tax 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.

Tax manager example responsibilities.

Test and learned to analyze accounting processes managing SOX testing including accumulating documentation and reviewing other testers work.
Perform tax provision review to ensure compliance with ASC 740 and ASC 740-10 for public trade companies and private companies.
Pull data and work with Hyperion.
Used Lexis Nexis, RIA, and CCH to research multiple tax projects.
Prepare and review ASC 740 tax balances for the company s fifteen largest foreign subsidiaries.
Calculate, prepare and submit quarterly estimate payments without need for review from third party CPA.

Collections director vs tax manager skills

Common collections director skills

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

Common tax manager skills

CPA, 16%
Client Relationships, 7%
Tax Planning, 6%
Tax Compliance, 5%
Taxation, 4%
Tax Research, 4%