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Credit director vs assistant director of finance

The differences between credit directors and assistant directors of finance 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 director and an assistant director of finance. Additionally, a credit director has an average salary of $129,845, which is higher than the $71,057 average annual salary of an assistant director of finance.

The top three skills for a credit director include credit policy, oversight and credit card. The most important skills for an assistant director of finance are customer service, payroll, and reconciliations.

Credit director vs assistant director of finance overview

Credit DirectorAssistant Director Of Finance
Yearly salary$129,845$71,057
Hourly rate$62.43$34.16
Growth rate17%17%
Number of jobs10,81398,892
Job satisfaction--
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 70%
Average age4646
Years of experience88

What does a credit director do?

A credit director oversees an organization's credit-granting activities, ensuring operations adhere to credit policies and standards. Their responsibilities include making decisions in adherence with the company's short- and long-term goals, setting priorities, establishing timelines, conducting regular reviews and assessments, negotiating with external parties, and coordinating managers and supervisors. They may also manage employees to achieve these goals.

What does an assistant director of finance do?

An assistant director of finance is responsible for overseeing the financial activities of a company, ensuring accuracy and smooth workflow. They are also in charge of implementing company policies and regulations, creating new ones as needed while coordinating with the director. Moreover, an assistant director of finance may perform audits and risk assessments, allocate budgets and schedules, coordinate with different departments to gather necessary data, and create new strategies to optimize the workflow and the performance of the workforce.

Credit director vs assistant director of finance salary

Credit directors and assistant directors of finance have different pay scales, as shown below.

Credit DirectorAssistant Director Of Finance
Average salary$129,845$71,057
Salary rangeBetween $76,000 And $220,000Between $46,000 And $109,000
Highest paying CitySan Francisco, CAOakland, CA
Highest paying stateAlaskaNew York
Best paying companyAspirationUCI Health
Best paying industryFinanceUtilities

Differences between credit director and assistant director of finance education

There are a few differences between a credit director and an assistant director of finance in terms of educational background:

Credit DirectorAssistant Director Of Finance
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 70%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Credit director vs assistant director of finance demographics

Here are the differences between credit directors' and assistant directors of finance' demographics:

Credit DirectorAssistant Director Of Finance
Average age4646
Gender ratioMale, 72.7% Female, 27.3%Male, 46.7% Female, 53.3%
Race ratioBlack or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 8.3% White, 64.0% American Indian and Alaska Native, 0.3%Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.1% Asian, 8.9% White, 63.7% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between credit director and assistant director of finance duties and responsibilities

Credit director example responsibilities.

  • Manage a staff of 50+ FTE.
  • Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
  • Communicate collection concepts to associates using FDCPA guidelines and the company training guide.
  • Developed/Share best practices, including collection practices and FDCPA rules/regulations training.
  • Approve and prepare attorney cases for processing, guardianship, Medicaid eligibility and/or litigation.
  • Major focus are on risk and DSO, integrating acquisitions, national accounts, high-risk customer visitations/negotiations, and trend identification/remediation.
  • Show more

Assistant director of finance example responsibilities.

  • Manage FSEOG & FWS programs in the campus.
  • Lead team of individuals responsible for completion of verification, R2T4, and student file audits.
  • Manage a majority of payroll ensuring that there are accurate accruals and necessary deductions.
  • Manage financial reporting in support of CEO/CFO/President with oversight for data integrity and consistency of reporting across enterprise.
  • Complete state and federal reporting which pertain to financial aid such as IPEDS, FISAP, and HLC reports.
  • Prepare journal entries, prepare reconciliations, produce financial productivity reports, and liaise with business managers as lead accounting point-of-contact.
  • Show more

Credit director vs assistant director of finance skills

Common credit director skills
  • Credit Policy, 6%
  • Oversight, 6%
  • Credit Card, 5%
  • Process Improvement, 5%
  • Receivable Portfolio, 4%
  • Credit Risk Management, 4%
Common assistant director of finance skills
  • Customer Service, 9%
  • Payroll, 8%
  • Reconciliations, 5%
  • Financial Analysis, 5%
  • Financial Data, 4%
  • Cash Control, 4%

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