Credit risk management director vs tax manager

The differences between credit risk management directors and tax 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 a tax manager. Additionally, a credit risk management director has an average salary of $147,122, which is higher than the $96,100 average annual salary of a tax manager.

The top three skills for a credit risk management director include SAS, derivative and alll. The most important skills for a tax manager are CPA, client relationships, and tax planning.

Credit risk management director vs tax manager overview

	Credit Risk Management Director	Tax Manager
Yearly salary	$147,122	$96,100
Hourly rate	$70.73	$46.20
Growth rate	17%	17%
Number of jobs	87,019	79,204
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 68%
Average age	46	46
Years of experience	8	8

What does a credit risk management director do?

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.

What does a tax manager do?

A Tax Manager is responsible for managing tax reporting and compliance within an organization. They provide innovative tax planning and prepare state and federal tax returns for companies.

Credit risk management director vs tax manager salary

Credit risk management directors and tax managers have different pay scales, as shown below.

	Credit Risk Management Director	Tax Manager
Average salary	$147,122	$96,100
Salary range	Between $95,000 And $227,000	Between $70,000 And $131,000
Highest paying City	Albany, NY	San Francisco, CA
Highest paying state	New Hampshire	New York
Best paying company	LendingClub	Meta
Best paying industry	Finance	Finance

Differences between credit risk management director and tax manager education

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

	Credit Risk Management Director	Tax Manager
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 68%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Southern California

Credit risk management director vs tax manager demographics

Here are the differences between credit risk management directors' and tax managers' demographics:

	Credit Risk Management Director	Tax Manager
Average age	46	46
Gender ratio	Male, 72.5% Female, 27.5%	Male, 58.5% Female, 41.5%
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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between credit risk management director and tax manager duties and responsibilities

Credit risk management director example responsibilities.

Lead SOX project planning and implementation, successfully implement the corporate governance policies and internal control framework.
Perform due diligence and treasury integration for acquisitions in the U.S. and Mexico.
Work on risk strategies with executives, Connell executives, treasury, and outside counsel.
Coordinate with trading desks and legal groups in structuring collateral arrangements for various derivative products.
Major focus are on risk and DSO, integrating acquisitions, national accounts, high-risk customer visitations/negotiations, and trend identification/remediation.
Develop and implement credit and collection polices and controls for Sarbanes-Oxley compliance for the entire corporation and publish across all divisions.

Tax manager example responsibilities.

Test and learned to analyze accounting processes managing SOX testing including accumulating documentation and reviewing other testers work.
Perform tax provision review to ensure compliance with ASC 740 and ASC 740-10 for public trade companies and private companies.
Pull data and work with Hyperion.
Used Lexis Nexis, RIA, and CCH to research multiple tax projects.
Prepare and review ASC 740 tax balances for the company s fifteen largest foreign subsidiaries.
Calculate, prepare and submit quarterly estimate payments without need for review from third party CPA.

Credit risk management director vs tax manager skills

Common credit risk management director skills

SAS, 7%
Derivative, 5%
Alll, 5%
Real Estate, 5%
SQL, 5%
Financial Institutions, 4%

Common tax manager skills

CPA, 16%
Client Relationships, 7%
Tax Planning, 6%
Tax Compliance, 5%
Taxation, 4%
Tax Research, 4%

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Credit Risk Management Director
Credit Risk Management Director vs Tax Manager

Updated January 8, 2025

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