Credit Manager Average Salary

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Rated 4 out of 5 based on 8 Credit Manager 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£18K£36K£54K
Salary
£24,150 - £50,420  
   
Bonus
£1,042 - £6,251  
Profit Sharing
£750  
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).
)
£23,980 - £53,496  
Country: United Kingdom | Currency: GBP | Updated: 11 Feb 2017 | Individuals Reporting: 130

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Job Description for Credit Manager

A credit manager primarily focuses on collecting money owed to their company, whether it be for some type of service or a particular product. When someone fails to pay the money that is owed, these professionals initiate legal action and potentially take part in the collection process. Further, a credit manager also plays a major role in negotiating payment options, which could include re-structuring payment plans to make them more manageable based on a party's financial capabilities. The credit manager is also responsible for tracking certain accounts and keeping a close eye on those that have gone unpaid for an extended period of time. A credit manager may have different duties depending on the size of the company in which they are employed.

A credit manager must also be able to communicate in a precise way, as a good majority of the job involves dealing with the company leaders, independent clients, and the public. In addition, a person working in this career must keep thorough, organized financial records that can be used at legal proceedings and other stages of the collection process.

Credit Manager Tasks
  • Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money.
  • Prepare reports with this credit information for use in decision-making.

Key Stats

Gender

Female
57 %
Male
43 %
Salary
£22,260 - £42,968
Salary
£20,608 - £41,391
1-4 years
11%
5-9 years
22%
10-19 years
38%
20 years or more
29%
£30,958
£30,492

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