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The differences between credit risk management directors and accounts payable 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 risk management director and an accounts payable manager. Additionally, a credit risk management director has an average salary of $147,122, which is higher than the $69,808 average annual salary of an accounts payable manager.
The top three skills for a credit risk management director include SAS, derivative and alll. The most important skills for an accounts payable manager are customer service, reconciliations, and purchase orders.
| Credit Risk Management Director | Accounts Payable Manager | |
| Yearly salary | $147,122 | $69,808 |
| Hourly rate | $70.73 | $33.56 |
| Growth rate | 17% | 17% |
| Number of jobs | 87,019 | 53,384 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 58% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A credit risk management director spearheads and oversees the credit management activities of an organization, ensuring operations run smoothly and efficiently according to company standards and regulations. They have the authority to make significant decisions, coordinate managers and supervisors, delegate responsibilities, negotiate and build positive relationships with external parties, and implement programs that will optimize company operations. They also participate in recruiting and hiring staff, developing plans and strategies, and engaging with clients. Additionally, a credit risk management director empowers employees and implements company policies, creating new ones as necessary.
An accounts payable manager is in charge of supervising a company's financial activities, particularly in all payable matters. Their primary responsibilities revolve around managing and assessing staff performances and overseeing check and payroll disbursements. They also take care of maintaining and securing records of employees, clients, and company finances, and implement company objectives while ensuring accuracy in all operations. Furthermore, as a manager, it is essential to uphold all company policies and regulations, all while leading and encouraging staff in a joint effort to accomplish goals and tasks.
Credit risk management directors and accounts payable managers have different pay scales, as shown below.
| Credit Risk Management Director | Accounts Payable Manager | |
| Average salary | $147,122 | $69,808 |
| Salary range | Between $95,000 And $227,000 | Between $51,000 And $95,000 |
| Highest paying City | Albany, NY | Beaverton, OR |
| Highest paying state | New Hampshire | Oregon |
| Best paying company | LendingClub | Microsoft |
| Best paying industry | Finance | Finance |
There are a few differences between a credit risk management director and an accounts payable manager in terms of educational background:
| Credit Risk Management Director | Accounts Payable Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 58% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between credit risk management directors' and accounts payable managers' demographics:
| Credit Risk Management Director | Accounts Payable Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 72.5% Female, 27.5% | Male, 24.0% Female, 76.0% |
| Race ratio | Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.1% Asian, 10.0% White, 64.1% American Indian and Alaska Native, 0.3% | Black or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 8.0% White, 64.3% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |