Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between senior credit managers and reporting 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 senior credit manager and a reporting manager. Additionally, a senior credit manager has an average salary of $133,806, which is higher than the $106,336 average annual salary of a reporting manager.
The top three skills for a senior credit manager include risk management, credit risk and credit analysis. The most important skills for a reporting manager are GAAP, internal controls, and external auditors.
| Senior Credit Manager | Reporting Manager | |
| Yearly salary | $133,806 | $106,336 |
| Hourly rate | $64.33 | $51.12 |
| Growth rate | 17% | 17% |
| Number of jobs | 47,642 | 67,631 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 74% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
Senior credit managers are financial professionals who are responsible for overseeing the credit granting process for a financial institution. These managers are required to develop risk management solution strategies so that the institution can maintain risk and improve profitability. They must screen the credit history of applicants as well as to conduct interviews to minimize credit risk and potential monetary loss. They must also conduct credit analysis and financial risk evaluations by gathering and analyzing all types of credit information on new and existing customers.
The duties of a reporting manager depend on one's line of work or industry of employment. Typically, they perform clerical tasks such as producing progress reports and presentations, maintaining accurate records and documentation, updating databases, managing schedules, and performing regular inspections and site visits. There are also instances where one must respond to inquiries and concerns, report to supervisors, and coordinate with other department personnel. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.
Senior credit managers and reporting managers have different pay scales, as shown below.
| Senior Credit Manager | Reporting Manager | |
| Average salary | $133,806 | $106,336 |
| Salary range | Between $84,000 And $211,000 | Between $80,000 And $139,000 |
| Highest paying City | Las Vegas, NV | Richmond, CA |
| Highest paying state | Alaska | Washington |
| Best paying company | Credit Karma | Meta |
| Best paying industry | Manufacturing | Manufacturing |
There are a few differences between a senior credit manager and a reporting manager in terms of educational background:
| Senior Credit Manager | Reporting Manager | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 74% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior credit managers' and reporting managers' demographics:
| Senior Credit Manager | Reporting Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 64.2% Female, 35.8% | Male, 59.6% Female, 40.4% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 9.9% White, 63.7% 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% |