Collections manager vs reporting manager

The differences between collections managers and reporting 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 manager and a reporting manager. Additionally, a reporting manager has an average salary of $106,336, which is higher than the $59,529 average annual salary of a collections manager.

The top three skills for a collections manager include customer service, collection management and portfolio. The most important skills for a reporting manager are GAAP, internal controls, and external auditors.

Collections manager vs reporting manager overview

	Collections Manager	Reporting Manager
Yearly salary	$59,529	$106,336
Hourly rate	$28.62	$51.12
Growth rate	17%	17%
Number of jobs	44,553	67,631
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 51%	Bachelor's Degree, 74%
Average age	46	46
Years of experience	8	8

What does a collections manager do?

A collections manager is an individual who manages a staff of collectors whose job is to contact companies and individuals for the late payments on the products and services they have received. Collections managers oversee a company's process of retrieving money owed to them by assigning collectors to collect the money. They are required to handle customer complaints and must negotiate with customers about payment arrangements to ensure they are being paid. They also provide reports on the collection department's progress, statistics, and data analysis.

What does a reporting manager do?

The duties of a reporting manager depend on one's line of work or industry of employment. Typically, they perform clerical tasks such as producing progress reports and presentations, maintaining accurate records and documentation, updating databases, managing schedules, and performing regular inspections and site visits. There are also instances where one must respond to inquiries and concerns, report to supervisors, and coordinate with other department personnel. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.

Collections manager vs reporting manager salary

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

	Collections Manager	Reporting Manager
Average salary	$59,529	$106,336
Salary range	Between $42,000 And $83,000	Between $80,000 And $139,000
Highest paying City	New York, NY	Richmond, CA
Highest paying state	New York	Washington
Best paying company	Amazon	Meta
Best paying industry	Health Care	Manufacturing

Differences between collections manager and reporting manager education

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

	Collections Manager	Reporting Manager
Most common degree	Bachelor's Degree, 51%	Bachelor's Degree, 74%
Most common major	Business	Accounting
Most common college	Stanford University	University of Pennsylvania

Collections manager vs reporting manager demographics

Here are the differences between collections managers' and reporting managers' demographics:

	Collections Manager	Reporting Manager
Average age	46	46
Gender ratio	Male, 50.8% Female, 49.2%	Male, 59.6% Female, 40.4%
Race ratio	Black or African American, 8.0% Unknown, 4.1% Hispanic or Latino, 15.5% Asian, 7.3% White, 64.7% American Indian and Alaska Native, 0.3%	Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between collections manager and reporting manager duties and responsibilities

Collections manager example responsibilities.

Achieve 182 FTE save, and annual net saving of $2.8MM
Manage Medicaid accounts in effort to receive payment from them.
Manage self pay and Medicaid pending collections throughout the southeast region.
Organize the managed care effort to ensure that patients are not accept from incorrect PPO's and HMO's.
Create and implement new quantitative process to achieve corporate DSO targets that determines monthly cash collection targets by business unit.
Achieve historical low of six percent in A/R over 30 days past due and reduction of DSO to 53 days.

Reporting manager example responsibilities.

Perform, then manage, profit and loss for volatile, derivative mortgage back securities.
Used Microsoft SharePoint to manage projects, establish work flow, and document reports and report field definitions.
Manage the administrator of a Hyperion database.
Manage and mentore junior analysts in report optimization and SAS proficiency.
Prepare monthly IFRS financial statements including balance sheet and income statement using HFM.
Establish and maintain SOX documentation for initial compliance including management of testing with internal audit consultants.

Collections manager vs reporting manager skills

Common collections manager skills

Customer Service, 15%
Collection Management, 9%
Portfolio, 7%
FDCPA, 5%
Delinquent Accounts, 4%
Credit Card, 4%

Common reporting manager skills

GAAP, 9%
Internal Controls, 7%
External Auditors, 4%
ASC, 4%
Data Analysis, 4%
Visualization, 4%

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Collections Manager
Collections Manager vs Reporting Manager

Updated January 8, 2025

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