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The differences between credit and collection 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 credit and collection manager and a tax manager. Additionally, a tax manager has an average salary of $96,100, which is higher than the $71,775 average annual salary of a credit and collection manager.
The top three skills for a credit and collection manager include credit limits, customer service and DSO. The most important skills for a tax manager are CPA, client relationships, and tax planning.
| Credit And Collection Manager | Tax Manager | |
| Yearly salary | $71,775 | $96,100 |
| Hourly rate | $34.51 | $46.20 |
| Growth rate | 17% | 17% |
| Number of jobs | 38,683 | 79,204 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 68% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A credit and collection manager is responsible for evaluating credit services and supervising the credit and collection team in reaching out to clients with outstanding debts and credit applications. Credit and collection managers oversee the cash flow systems and identify opportunities to minimize excessive loss and resolve credit disputes. They also determine a customer's eligibility for credit options by analyzing documents and financial status. A credit collection manager must have excellent communication and analytical skills to process receivables and perform credit reconciliations accurately and efficiently.
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.
Credit and collection managers and tax managers have different pay scales, as shown below.
| Credit And Collection Manager | Tax Manager | |
| Average salary | $71,775 | $96,100 |
| Salary range | Between $47,000 And $109,000 | Between $70,000 And $131,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | New York |
| Best paying company | Colfax Corporation | Meta |
| Best paying industry | Technology | Finance |
There are a few differences between a credit and collection manager and a tax manager in terms of educational background:
| Credit And Collection Manager | Tax Manager | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 68% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between credit and collection managers' and tax managers' demographics:
| Credit And Collection Manager | Tax Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 48.8% Female, 51.2% | 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, 65.4% 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% |