Credit manager vs accounts receivable manager

The differences between credit managers and accounts receivable 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 manager and an accounts receivable manager. Additionally, an accounts receivable manager has an average salary of $69,403, which is higher than the $68,583 average annual salary of a credit manager.

The top three skills for a credit manager include customer service, financial statements and credit card. The most important skills for an accounts receivable manager are customer service, accounts receivables, and financial reports.

Credit manager vs accounts receivable manager overview

	Credit Manager	Accounts Receivable Manager
Yearly salary	$68,583	$69,403
Hourly rate	$32.97	$33.37
Growth rate	17%	17%
Number of jobs	63,898	53,859
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 55%
Average age	46	46
Years of experience	8	8

What does a credit manager do?

A credit manager is an individual who supervises the credit granting process for a company by evaluating the creditworthiness of potential customers. Credit managers must maintain corporate credit policy to optimize company sales and reduce bad debt losses. They must manage the proper relationship with agencies such as the collection agency, credit insurance providers, and the sales department. Credit managers may work in different industries such as banks, accounting firms, or auto dealerships. They must also possess a bachelor's degree in financial management or related field.

What does an accounts receivable manager do?

An accounts receivable manager is responsible for overseeing the financial matters in a business or company, focusing on the generated sales and income. Moreover, they are also responsible for maintaining an accurate and efficient collection of payments, conducting research and analysis, and supervising the workforce, striving to meet all the goals within the allotted time. As a manager in the department, it is also vital to lead fellow skilled professionals and implement the policies and regulations of the company or organization.

Credit manager vs accounts receivable manager salary

Credit managers and accounts receivable managers have different pay scales, as shown below.

	Credit Manager	Accounts Receivable Manager
Average salary	$68,583	$69,403
Salary range	Between $39,000 And $119,000	Between $42,000 And $114,000
Highest paying City	San Francisco, CA	San Francisco, CA
Highest paying state	Oregon	California
Best paying company	Microsoft	Meta
Best paying industry	Finance	Technology

Differences between credit manager and accounts receivable manager education

There are a few differences between a credit manager and an accounts receivable manager in terms of educational background:

	Credit Manager	Accounts Receivable Manager
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 55%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Credit manager vs accounts receivable manager demographics

Here are the differences between credit managers' and accounts receivable managers' demographics:

	Credit Manager	Accounts Receivable Manager
Average age	46	46
Gender ratio	Male, 53.9% Female, 46.1%	Male, 25.0% Female, 75.0%
Race ratio	Black or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 7.8% White, 64.5% American Indian and Alaska Native, 0.3%	Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 7.6% White, 65.1% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between credit manager and accounts receivable manager duties and responsibilities

Credit manager example responsibilities.

Manage treasury department including all cash management, bank relationships, and debt negotiations.
Manage an initiative to move customers from checks to ACH with CTX or EDI remittances.
Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
Launch the new SBA lending and residential mortgage lending programs.
Complete loan workouts and restructures on SBA 504 and LIHTC multifamily loans.
Leverage GBM using features generate on Experian's tradeline data through unsupervise learning tool Khiops.

Accounts receivable manager example responsibilities.

Manage payroll activities including calculating and distributing payroll checks and making monthly withholding deposits to the IRS via EFTPS website.
Accomplish, results-orient professional with a strong background in TABS3 management and QuickBooks utilization.
Manage all accounts receivable activities including billing, customer dispute resolution, cash application collections, write-offs and month-end reconciliations.
Review claims hold up in EDI, and initiate pathway in working claims edits, claims follow up and appeals.
Run GL transfer and post daily.
Utilize multiple ERP systems for billing and collection purposes.

Credit manager vs accounts receivable manager skills

Common credit manager skills

Customer Service, 16%
Financial Statements, 9%
Credit Card, 5%
Credit Risk, 5%
Credit Policy, 5%
Customer Accounts, 4%

Common accounts receivable manager skills

Customer Service, 14%
Accounts Receivables, 8%
Financial Reports, 6%
Reconciliations, 5%
Payroll, 4%
Customer Accounts, 4%

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Credit Manager
Credit Manager vs Accounts Receivable Manager

Updated January 8, 2025

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