Credit / Collections Director Salary

Wages for Collections Directors in the United States are generous, with average pay above six figures ($98K) per year. Geography and career duration each impact pay for this group, with the former having the largest influence. Work is enjoyable for Collections Directors, who typically claim high levels of job satisfaction. Male Collections Directors are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. Medical benefits are awarded to almost all, and a large number earn dental coverage. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$61,396 - $134,454

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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.
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$0$60K$120K$180K
Salary
$61,396 - $134,454  
   
Bonus
$4,734 - $29,963  
Profit Sharing
$2,260 - $3,084  
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).
)
$61,960 - $154,912  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 170
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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

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

Credit / Collections Director Job Listings

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Popular Skills for Credit / Collections Director


Job skills reported by Collections Directors are limited. Those who have experience with Credit Control, Collections, and Financial Analysis can expect to be compensated well for these skills. Most people experienced in Collections also know Financial Analysis.

Credit / Collections Director Reviews

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.

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Experience Affects Credit / Collections Director Salaries



National Average
$105,000

Mid-Career
up arrow 24%

Skills That Affect Credit / Collections Director Salaries

Credit Control
up arrow 4%

Collections
up arrow 3%

Financial Analysis
up arrow 1%

National Average
$105,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 33 votes.

Gender

Female
29 %
Male
71 %

Years of Experience

1-4 years
3%
5-9 years
9%
10-19 years
44%
20 years or more
44%

Common Health Benefits

medical benefits Medical: 95% dental benefits Dental: 90%
vision benefits Vision: 66% employee benefits None: 4%
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