Credit director vs finance manager

The differences between credit directors and finance 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 director and a finance manager. Additionally, a credit director has an average salary of $129,845, which is higher than the $101,374 average annual salary of a finance manager.

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

Credit director vs finance manager overview

	Credit Director	Finance Manager
Yearly salary	$129,845	$101,374
Hourly rate	$62.43	$48.74
Growth rate	17%	17%
Number of jobs	10,813	125,345
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 66%
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 manager do?

A finance manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports. A finance manager must have excellent analytical skills and knowledge of the accounting and financial industry. They are responsible for providing the best recommendations for the organization's growth.

Credit director vs finance manager salary

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

	Credit Director	Finance Manager
Average salary	$129,845	$101,374
Salary range	Between $76,000 And $220,000	Between $71,000 And $144,000
Highest paying City	San Francisco, CA	New York, NY
Highest paying state	Alaska	New York
Best paying company	Aspiration	Barclays
Best paying industry	Finance	Finance

Differences between credit director and finance manager education

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

	Credit Director	Finance Manager
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Credit director vs finance manager demographics

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

	Credit Director	Finance Manager
Average age	46	46
Gender ratio	Male, 72.7% Female, 27.3%	Male, 60.0% Female, 40.0%
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, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between credit director and finance manager 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 manager example responsibilities.

Manage the preparation of monthly reporting packs and board presentations with robust variance analysis, commentaries and forward looking KPIs.
Manage a team of sales persons, business managers, sales manager, A/R, A/P, and general managers.
Lead successful sales team and provide direct oversight on overall dealership business profitability.
Manage accounts payable/receivable, deposits, payroll preparation, purchasing and inventory management, liaison to accountant.
Oversee financial analysis, financial audits, G/L, A/R, A/P and fixed-asset accounting in accordance with GAAP standards.
Execute simple SQL queries to validate data in tables.

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Credit director vs finance manager 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 manager skills

Financial Analysis, 7%
CPA, 7%
Customer Service, 6%
Hyperion, 4%
Financial Models, 4%
Strong Analytical, 4%

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Updated January 8, 2025

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