Senior managed vs collections manager

The differences between senior manageds and collections 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 managed and a collections manager. Additionally, a senior managed has an average salary of $107,923, which is higher than the $59,529 average annual salary of a collections manager.

The top three skills for a senior managed include project management, portfolio and emerging technologies. The most important skills for a collections manager are customer service, collection management, and portfolio.

Senior managed vs collections manager overview

	Senior Managed	Collections Manager
Yearly salary	$107,923	$59,529
Hourly rate	$51.89	$28.62
Growth rate	17%	17%
Number of jobs	49,112	44,553
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 51%
Average age	46	46
Years of experience	8	8

What does a senior managed do?

Senior managers are responsible for organizing and managing the performance of a group of individuals. They observe their work and rectify actions when necessary. These managers usually direct the most important group in the company and may supervise the workers directly or guide their supervisors that in turn, managed them. Their duties include controlling the overall financial budgeting. Also, they approve hiring and firing requests within the company and guide the distinguishing of talents as well as the growth processes for the function. Additionally, they work with senior management and other peers for the establishment of strategies and implementation planning.

What does a collections manager do?

A collections manager is an individual who manages a staff of collectors whose job is to contact companies and individuals for the late payments on the products and services they have received. Collections managers oversee a company's process of retrieving money owed to them by assigning collectors to collect the money. They are required to handle customer complaints and must negotiate with customers about payment arrangements to ensure they are being paid. They also provide reports on the collection department's progress, statistics, and data analysis.

Senior managed vs collections manager salary

Senior manageds and collections managers have different pay scales, as shown below.

	Senior Managed	Collections Manager
Average salary	$107,923	$59,529
Salary range	Between $71,000 And $162,000	Between $42,000 And $83,000
Highest paying City	Sacramento, CA	New York, NY
Highest paying state	Washington	New York
Best paying company	Walmart	Amazon
Best paying industry	Technology	Health Care

Differences between senior managed and collections manager education

There are a few differences between a senior managed and a collections manager in terms of educational background:

	Senior Managed	Collections Manager
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 51%
Most common major	Business	Business
Most common college	Stanford University	Stanford University

Senior managed vs collections manager demographics

Here are the differences between senior manageds' and collections managers' demographics:

	Senior Managed	Collections Manager
Average age	46	46
Gender ratio	Male, 61.6% Female, 38.4%	Male, 50.8% Female, 49.2%
Race ratio	Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.1% White, 63.6% American Indian and Alaska Native, 0.3%	Black or African American, 8.0% Unknown, 4.1% Hispanic or Latino, 15.5% Asian, 7.3% White, 64.7% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between senior managed and collections manager duties and responsibilities

Senior managed example responsibilities.

Manage a team responsible for designing service-orient application architecture, standards and best practices guidelines, security and data access frameworks.
Provide DoD specific perspective of information security enhancing interoperability with IC.
Determine need for and plane detailed assessments of logistics situations which adversely affect readiness.
Direct all technical deployments and job scheduling with oversight for vendor and operations management.
Spearhead internal and external logistics network optimization projects to secure material cost and lead-time reductions.
Develop custom connectors to reconcile data from applications by interacting at database layer and performing provisioning for account and entitlement operations.

Collections manager example responsibilities.

Achieve 182 FTE save, and annual net saving of $2.8MM
Manage Medicaid accounts in effort to receive payment from them.
Manage self pay and Medicaid pending collections throughout the southeast region.
Organize the managed care effort to ensure that patients are not accept from incorrect PPO's and HMO's.
Create and implement new quantitative process to achieve corporate DSO targets that determines monthly cash collection targets by business unit.
Achieve historical low of six percent in A/R over 30 days past due and reduction of DSO to 53 days.

Senior managed vs collections manager skills

Common senior managed skills

Project Management, 10%
Portfolio, 9%
Emerging Technologies, 6%
Mutual Funds, 5%
Risk Management, 4%
Working Independently, 4%

Common collections manager skills

Customer Service, 15%
Collection Management, 9%
Portfolio, 7%
FDCPA, 5%
Delinquent Accounts, 4%
Credit Card, 4%

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Senior Managed
Senior Managed vs Collections Manager

Updated January 8, 2025

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