Credit director vs finance director

The differences between credit directors and finance directors 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 a finance director. Additionally, a credit director has an average salary of $129,845, which is higher than the $118,518 average annual salary of a finance director.

The top three skills for a credit director include credit policy, oversight and credit card. The most important skills for a finance director are CPA, financial analysis, and payroll.

Credit director vs finance director overview

	Credit Director	Finance Director
Yearly salary	$129,845	$118,518
Hourly rate	$62.43	$56.98
Growth rate	17%	17%
Number of jobs	10,813	90,012
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 71%
Average age	46	46
Years of experience	8	8

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 a finance director do?

A finance director's role is to oversee all financial activities and aspects of a company or organization. One of their duties is to gather necessary financial data and cultivate reports on essential matters such as revenue and budget, provide risk assessments and estimates, implement vital policies, and allocate funds within the company. Furthermore, a finance director must also devise strategies and recommend innovative methods for financial gains, while in adherence to the organization's policies and regulations.

Credit director vs finance director salary

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

	Credit Director	Finance Director
Average salary	$129,845	$118,518
Salary range	Between $76,000 And $220,000	Between $76,000 And $183,000
Highest paying City	San Francisco, CA	Palo Alto, CA
Highest paying state	Alaska	California
Best paying company	Aspiration	Meta
Best paying industry	Finance	Manufacturing

Differences between credit director and finance director education

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

	Credit Director	Finance Director
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 71%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Credit director vs finance director demographics

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

	Credit Director	Finance Director
Average age	46	46
Gender ratio	Male, 72.7% Female, 27.3%	Male, 65.1% Female, 34.9%
Race ratio	Black 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 9.4% White, 64.1% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between credit director and finance director 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.

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Finance director example responsibilities.

Manage treasury functions considering the inflationary situation and changes in economic patterns to minimize any negative impact they may involve.
Improve internal controls and operating efficiency by training accountants and converting general ledger reconciliations to GAAP formats.
Prepare financial data and footnotes for independent CPA annual audit financial statements.
Develop financial models in Hyperion to aggregate sales data and allocate expenses for profitability analysis.
Complete Sarbanes-Oxley procedural requirements for entire incentive development, administration and reporting process.
Develop an electronic billing capacity and are the first Montana health care provider to bill Medicaid electronically.

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Credit director vs finance director skills

Common credit director skills

Credit Policy, 6%
Oversight, 6%
Credit Card, 5%
Process Improvement, 5%
Receivable Portfolio, 4%
Credit Risk Management, 4%

Common finance director skills

CPA, 7%
Financial Analysis, 6%
Payroll, 4%
Work Ethic, 4%
Oversight, 4%
Financial Management, 4%

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Updated January 8, 2025

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