Management Accounts Manager Vs Credit Manager

The differences between management accounts managers and credit 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 management accounts manager and a credit manager. Additionally, a management accounts manager has an average salary of $91,681, which is higher than the $68,583 average annual salary of a credit manager.

The top three skills for a management accounts manager include customer service, client facing and project management. The most important skills for a credit manager are customer service, financial statements, and credit card.

Management accounts manager vs credit manager overview

	Management Accounts Manager	Credit Manager
Yearly Salary	$91,681	$68,583
Hourly rate	$44.08	$32.97
Growth Rate	17%	17%
Number Of Jobs	113,871	63,898
Job Satisfaction	-	-
Most Common Degree	Bachelor's Degree, 69%	Bachelor's Degree, 67%
Average Age	46	46
Years Of Experience	8	8

What does a Management Accounts Manager do?

A management accounts manager is responsible for maintaining healthy business relationships with clients by handling their project accounts, improving account management procedures, and identifying business opportunities that would generate more revenue resources for the company. Management accounts managers compile portfolio reports, including how the client's account performs in the market and its financial stability. They also negotiate contracts, settle terms and agreements, and ensure the highest customer experience by implementing strategic plans to enhance the company's services.

What does a credit manager do?

A credit manager is an individual who supervises the credit granting process for a company by evaluating the creditworthiness of potential customers. Credit managers must maintain corporate credit policy to optimize company sales and reduce bad debt losses. They must manage the proper relationship with agencies such as the collection agency, credit insurance providers, and the sales department. Credit managers may work in different industries such as banks, accounting firms, or auto dealerships. They must also possess a bachelor's degree in financial management or related field.

Management accounts manager vs credit manager salary

Management accounts managers and credit managers have different pay scales, as shown below.

	Management Accounts Manager	Credit Manager
Average Salary	$91,681	$68,583
Salary Range	Between $66,000 And $125,000	Between $39,000 And $119,000
Highest Paying City	Seattle, WA	San Francisco, CA
Highest Paying State	Washington	Oregon
Best Paying Company	Meta	Microsoft
Best Paying Industry	Energy	Finance

Differences between management accounts manager and credit manager education

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

	Management Accounts Manager	Credit Manager
Most Common Degree	Bachelor's Degree, 69%	Bachelor's Degree, 67%
Most Common Major	Business	Business
Most Common College	University of Pennsylvania	University of Pennsylvania

Management accounts manager vs credit manager demographics

Here are the differences between management accounts managers' and credit managers' demographics:

	Management Accounts Manager	Credit Manager
Average Age	46	46
Gender Ratio	Male, 48.6% Female, 51.4%	Male, 53.9% Female, 46.1%
Race Ratio	Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3%	Black or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 7.8% White, 64.5% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between management accounts manager and credit manager duties and responsibilities

Management Accounts Manager Example Responsibilities.

Manage company strategic initiatives for the Americas.
Specialize in data collection logistics and documentation on specific vehicles and manage inventory using CRM applications.
Report directly to the VP of Americas on all sales base initiatives.
Coordinate financial closings and consolidations working to enhance the Solomon ERP system.
Serve as project team lead from the accounting department for the ERP system conversion to JD Edwards.
Conduct quarterly Sarbanes-Oxley testing and documentation.

Credit Manager Example Responsibilities.

Manage treasury department including all cash management, bank relationships, and debt negotiations.
Manage an initiative to move customers from checks to ACH with CTX or EDI remittances.
Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
Launch the new SBA lending and residential mortgage lending programs.
Complete loan workouts and restructures on SBA 504 and LIHTC multifamily loans.
Leverage GBM using features generate on Experian's tradeline data through unsupervise learning tool Khiops.

Management accounts manager vs credit manager skills

Common Management Accounts Manager Skills

Customer Service, 18%
Client Facing, 7%
Project Management, 6%
Customer Satisfaction, 6%
Business Development, 6%
CRM, 4%

Common Credit Manager Skills

Customer Service, 16%
Financial Statements, 9%
Credit Card, 5%
Credit Risk, 5%
Credit Policy, 5%
Customer Accounts, 4%

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Executive Management Industry
Management Accounts Manager
Management Accounts Manager vs Credit Manager

Updated January 8, 2025

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