Credit / Collections Director Salary

Pay for Collections Directors in the United States sits in the ballpark of $99K annually. Geographic location is the biggest factor affecting pay for this group, followed by years of experience. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 51 percent. Job satisfaction is reported as high by the vast majority of workers. Medical and dental benefits are awarded to most, and a strong majority earn vision coverage. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$62,091 - $131,081
$62K
$99K
$130K
MEDIAN: $99,071
10%
50%
90%

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$0$154K
Salary $62,091 - $131,081
Bonus $3,100 - $27,568
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).
)
$68,067 - $154,534
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 83

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United States (change)

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Job Description for Credit / Collections Director

As the available avenues of credit continue to expand, it becomes all the more important for credit-issuing businesses to make smarter and more informed choices when determining applicants' eligibility and credit-worthiness, as it remains important to ensure that those who draw credit repay their debts in a timely fashion. This is why such businesses have departments dedicated primarily to credit and collections, and credit/collections directors are the individuals tasked with coordinating these duties.

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Credit / Collections Director Tasks

  • Lead a credit collections team, supervise employees, and participate in hiring and disciplinary decisions.
  • Direct team to meet collection goals, and measure and report the team's collection rates.
  • Locate delinquent borrowers and notify them of their debts.
  • Set up debt payment plans and work with customers to help them pay off their debt.
  • Work with third party agencies such as banks and law firms to resolve debt.

Credit / Collections Director Job Listings

Popular Skills for Credit / Collections Director


Survey takers who work as Collections Directors usually report a few specific skills. Most notably, skills in Credit Control, Financial Analysis, bill collections, and Collections are correlated to pay that is above average, with boosts between 4 percent and 7 percent. It is often found that people who know Collections are also skilled in Financial Analysis.

Pay by Experience Level for Credit / Collections Director

Pay by Experience for a Credit / Collections Director has a positive trend. An entry-level Credit / Collections Director with less than 5 years of experience can expect to earn an average total compensation of $74,000 based on 8 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Credit / Collections Director with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $99,000 based on 27 salaries. An experienced Credit / Collections Director which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $110,000 based on 59 salaries. A Credit / Collections Director with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $115,000 based on 38 salaries.

Credit / Collections Director Reviews

Q: What is it like working as a Credit / Collections Director?

Credit / Collections Director in Cincinnati:
"The Management."
Pros: Love what I do, love the firm I work for, love the people I work with.
Cons: The stress, the size of the firm, the lack of raises.

Related Job Salaries

Key Stats for Credit / Collections Director

Gender

Female
51 %
Male
49 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 11 votes.
1-4 years
7%
5-9 years
12%
10-19 years
40%
20 years or more
41%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Credit / Collections Director Salaries

▲9%

▲3%

National Average
$106,000

▼7%

Entry-Level
▼30%

Skills That Affect Credit / Collections Director Salaries




▲3%

National Average
$106,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 11 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

1-4 years
7%
5-9 years
12%
10-19 years
40%
20 years or more
41%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 86%
vision benefits
Vision: 76%
no benefits
None: 11%
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