Credit / Collections Director Salary

Collections Directors in the United States pull down an average of $98K per year. Location and career length each impact pay for this group, with the former having the largest influence. In this profession, a large number enjoy medical and dental coverage, and a fair number have vision insurance, as well. Men make up a slight majority of Collections Directors (52 percent) who responded to the survey. Most workers in this position report high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.

$63,247 - $130,217
$63K
$98K
$130K
MEDIAN: $98,471
10%
50%
90%

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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$60K$120K$180K
Salary
$63,247 - $130,217  
   
Bonus
$4,880 - $25,697  
Profit Sharing
$1,700  
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).
)
$69,759 - $150,159  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 96

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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

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Popular Skills for Credit / Collections Director


Collections Directors note just a narrow range of job skills. Most notably, skills in Credit Control, Financial Analysis, bill collections, and Collections are correlated to pay that is above average. Most people who know Collections also know 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
48 %
Male
52 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.
1-4 years
6%
5-9 years
8%
10-19 years
44%
20 years or more
42%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Credit / Collections Director Salaries

▲7%

▲2%

National Average
$108,000

▼9%

Entry-Level
▼32%

Skills That Affect Credit / Collections Director Salaries




▲1%

National Average
$108,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.

Gender

Female
48 %
Male
52 %

Years of Experience

1-4 years
6%
5-9 years
8%
10-19 years
44%
20 years or more
42%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 85%
vision benefits
Vision: 72%
no benefits
None: 11%
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