Credit Controller Average Salary

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 32 Credit Controller votes.
national salary data
National Employer Data
National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
£0£10K£20K£30K
Salary
£16,311 - £27,816  
   
Bonus
£490.88 - £4,546  
Profit Sharing
£1,100  
Commission
£2,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
£16,195 - £28,319  
Country: United Kingdom | Currency: GBP | Updated: 11 Feb 2017 | Individuals Reporting: 758

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Job Description for Credit Controller

A credit controller helps manage a business' outgoing financial accounts. Primarily, they monitor and document any pending payments or accounts that have taken out a balance against the company but have not yet paid. For instance, an insurance company may have a credit controller that tracks accounts for individuals that pay for their insurance with a monthly payment plan and a university may have a credit controller that tracks students' tuition payments. The credit controller ensures that the company or organization receives compensation in a timely manner. This position involves direct communication with other business sectors of the company, such as accounts payable, collections, and finance. If an account becomes over its balance or is not paying in a timely fashion, the credit controller must be able to report it to their supervisor, most likely a manager or regional supervisor.

Education requirements vary by company. Some may only require a high school degree, which larger companies may want a bachelor’s degree. However, previous experience in a related field is a must; the individual must have experience with credit collection or managing accounts. In addition, a credit controller needs to have a deep understanding of business methods, have strong organizational skills, and be able to use and interpret Microsoft Excel on a day-to-day basis.
Credit Controller Tasks
  • Identify and notify customers who are delinquent on account payments.
  • Track ongoing repayments and maintain contact with customers if they move or miss payments.
  • Establish repayment options and schedules for customers based on financial situation and level of debt.

Key Stats

Gender

Female
69 %
Male
31 %
Salary
£15,822 - £22,977
Salary
£16,439 - £24,352

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 7 votes.
Less than 1 year
3%
1-4 years
34%
5-9 years
23%
10-19 years
27%
20 years or more
12%

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