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Credit / Collections Director Salary

Collections Directors in the United States can expect to earn a very generous salary, with average salaries (in the ballpark of $98K) surpassing six figures annually. Geographic location and career duration each impact pay for this group, with the former having the largest influence. Male Collections Directors are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. For the most part, Collections Directors enjoy their work and report high levels of job satisfaction. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Respondents to the PayScale salary survey provided the data for this report.

$60,446 - $137,507
(Median)
$60K
$98K
$140K
MEDIAN: $97,894
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60K$120K$180K
Salary
$60,446 - $137,507  
   
Bonus
$3,477 - $30,314  
Profit Sharing
$2,396 - $6,500  
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).
)
$60,484 - $157,771  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 160
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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


Collections Directors only report a few specific skills. 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.

Related Job Salaries

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Experience Affects Credit / Collections Director Salaries



National Average
$104,000

Mid-Career
up arrow 27%

Skills That Affect Credit / Collections Director Salaries

Credit Control
up arrow 3%

Collections
up arrow 2%

Financial Analysis
0%

National Average
$104,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 34 votes.

Gender

Female
28 %
Male
72 %

Years of Experience

1-4 years
2%
5-9 years
10%
10-19 years
43%
20 years or more
45%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 89%
vision benefits Vision: 65% employee benefits None: 5%
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