Collections manager vs tax manager

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

Collections manager vs tax manager overview

	Collections Manager	Tax Manager
Yearly salary	$59,529	$96,100
Hourly rate	$28.62	$46.20
Growth rate	17%	17%
Number of jobs	44,553	79,204
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 51%	Bachelor's Degree, 68%
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 tax manager do?

A Tax Manager is responsible for managing tax reporting and compliance within an organization. They provide innovative tax planning and prepare state and federal tax returns for companies.

Collections manager vs tax manager salary

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

	Collections Manager	Tax Manager
Average salary	$59,529	$96,100
Salary range	Between $42,000 And $83,000	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	Amazon	Meta
Best paying industry	Health Care	Finance

Differences between collections manager and tax manager education

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

	Collections Manager	Tax Manager
Most common degree	Bachelor's Degree, 51%	Bachelor's Degree, 68%
Most common major	Business	Accounting
Most common college	Stanford University	University of Southern California

Collections manager vs tax manager demographics

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

	Collections Manager	Tax Manager
Average age	46	46
Gender ratio	Male, 50.8% Female, 49.2%	Male, 58.5% Female, 41.5%
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, 7.5% 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 manager and tax 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.

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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.

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Collections manager vs tax manager skills

Common collections manager skills

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

Common tax manager skills

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

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Updated January 8, 2025

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