Credit administrator vs account administrator

The differences between credit administrators and account administrators can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a credit administrator, becoming an account administrator takes usually requires 4-6 years. Additionally, a credit administrator has an average salary of $59,271, which is higher than the $40,149 average annual salary of an account administrator.

The top three skills for a credit administrator include financial statements, credit card payments and real estate. The most important skills for an account administrator are customer service, data entry, and financial statements.

Credit administrator vs account administrator overview

	Credit Administrator	Account Administrator
Yearly salary	$59,271	$40,149
Hourly rate	$28.50	$19.30
Growth rate	-8%	6%
Number of jobs	55,726	136,654
Job satisfaction	2	-
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 62%
Average age	39	47
Years of experience	2	6

What does a credit administrator do?

A credit administrator oversees the credit operations in a company, ensuring efficiency and client satisfaction. They typically conduct research and analysis, handle credit portfolios, perform credit risk assessments, monitor credit accounts, validate requirements, evaluate applications, and develop strategies to optimize operations. A credit administrator may also perform a variety of clerical tasks such as preparing and processing documents, answering calls and correspondence, organizing information, and maintaining records. Moreover, they must lead and encourage staff to reach goals, all while enforcing and promoting the company's policies and regulations.

What does an account administrator do?

An account administrator receives and verifies goods and services billing and requisitions in an organization. Account administrators review and reconcile accounts, maintain up-to-date receipts and invoice records, and process payments to the company's external partners. Often, they need to contact vendors and clients to be able to perform their tasks. They should be equipped with skills in payroll administration, management, and business expertise. There are also tools that they need to be proficient with, such as accounting software and quality management tools.

Credit administrator vs account administrator salary

Credit administrators and account administrators have different pay scales, as shown below.

	Credit Administrator	Account Administrator
Average salary	$59,271	$40,149
Salary range	Between $33,000 And $106,000	Between $29,000 And $54,000
Highest paying City	New York, NY	Freeport, NY
Highest paying state	New York	New Jersey
Best paying company	BNY Mellon	AbbVie
Best paying industry	-	Technology

Differences between credit administrator and account administrator education

There are a few differences between a credit administrator and an account administrator in terms of educational background:

	Credit Administrator	Account Administrator
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 62%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Credit administrator vs account administrator demographics

Here are the differences between credit administrators' and account administrators' demographics:

	Credit Administrator	Account Administrator
Average age	39	47
Gender ratio	Male, 28.4% Female, 71.6%	Male, 29.4% Female, 70.6%
Race ratio	Black or African American, 8.1% Unknown, 2.7% Hispanic or Latino, 10.0% Asian, 9.4% White, 69.5% American Indian and Alaska Native, 0.3%	Black or African American, 9.7% Unknown, 4.7% Hispanic or Latino, 19.2% Asian, 5.3% White, 60.5% American Indian and Alaska Native, 0.6%
LGBT Percentage	11%	8%

Differences between credit administrator and account administrator duties and responsibilities

Credit administrator example responsibilities.

Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
Utilize computer software including QuickBooks to maintain account activity and ensure accuracy; reconcile inaccuracies between invoices and accounts receivable payments.
Utilize computer software including QuickBooks to maintain account activity and ensure accuracy; reconcile inaccuracies between invoices and accounts receivable payments.

Account administrator example responsibilities.

Manage all post-award management activities such as award processing, fund monitoring financial reporting and payroll reconciliation.
Post ACH bank deposits via company web portal and/or email remittances provide by the customers.
Assist conversion of the accounting system to an ERP system
Perform the task of verifying and sending the daily ACH origination files for bank customers.
Perform financial account management using QuickBooks.
Prepare monthly payroll and statutory tax deduction returns to the regulatory authorities.

Credit administrator vs account administrator skills

Common credit administrator skills

Financial Statements, 6%
Credit Card Payments, 6%
Real Estate, 5%
Customer Service, 5%
Loan Portfolio, 5%
Credit Policy, 4%

Common account administrator skills

Customer Service, 25%
Data Entry, 10%
Financial Statements, 6%
Customer Inquiries, 5%
Computer System, 5%
Payroll, 5%

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Business and Financial Industry
Credit Administrator
Credit Administrator vs Account Administrator

Updated January 8, 2025

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