Underwriting director vs collections manager

The differences between underwriting directors 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 an underwriting director and a collections manager. Additionally, an underwriting director has an average salary of $109,027, which is higher than the $59,529 average annual salary of a collections manager.

The top three skills for an underwriting director include portfolio, underwriting policy and product development. The most important skills for a collections manager are customer service, collection management, and portfolio.

Underwriting director vs collections manager overview

	Underwriting Director	Collections Manager
Yearly salary	$109,027	$59,529
Hourly rate	$52.42	$28.62
Growth rate	17%	17%
Number of jobs	7,091	44,553
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 71%	Bachelor's Degree, 51%
Average age	46	46
Years of experience	8	8

Underwriting director vs collections manager salary

Underwriting directors and collections managers have different pay scales, as shown below.

	Underwriting Director	Collections Manager
Average salary	$109,027	$59,529
Salary range	Between $77,000 And $152,000	Between $42,000 And $83,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Amazon
Best paying industry	-	Health Care

Differences between underwriting director and collections manager education

There are a few differences between an underwriting director and a collections manager in terms of educational background:

	Underwriting Director	Collections Manager
Most common degree	Bachelor's Degree, 71%	Bachelor's Degree, 51%
Most common major	Business	Business
Most common college	University of Pennsylvania	Stanford University

Underwriting director vs collections manager demographics

Here are the differences between underwriting directors' and collections managers' demographics:

	Underwriting Director	Collections Manager
Average age	46	46
Gender ratio	Male, 60.3% Female, 39.7%	Male, 50.8% Female, 49.2%
Race ratio	Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.1% Asian, 7.3% White, 65.3% 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 underwriting director and collections manager duties and responsibilities

Underwriting director example responsibilities.

Supervise staff of 20-30 credit professionals managing an $80 - $100 million A/R portfolio consistently exceeding aging goals.
Create FHA platform, complete the required test cases to obtain non supervise lending designation.
Review of appeals; concluding and processing the finalization; communicating the adjustments to the original underwriter for educational purposes.
Develop underwriting training on ISO and proprietary forms and guidelines for implementation of company strategy.

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.

Underwriting director vs collections manager skills

Common underwriting director skills

Portfolio, 11%
Underwriting Policy, 11%
Product Development, 10%
Life Insurance, 8%
Underwriting Guidelines, 7%
Insurance Products, 5%

Common collections manager skills

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

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Underwriting Director
Underwriting Director vs Collections Manager

Updated January 8, 2025

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