Credit / Collections Director Salary

On average, Collections Directors in the United States earn six-figure salaries ($97K) annually, making for a very well-paid profession. Geography is the biggest factor affecting pay for this group, followed by career duration. Nearly all receive medical and dental insurance and more than half get vision plans. Generally, women make up less than a third of all Collections Directors who answered the questionnnaire. Most Collections Directors like their work and job satisfaction is high. Participants in PayScale's salary questionnaire provided the particulars of this report.

$60,965 - $133,650
(Median)
$61K
$97K
$130K
MEDIAN: $97,399
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
$60,965 - $133,650  
   
Bonus
$4,654 - $30,034  
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).
)
$61,266 - $154,930  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 169
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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.

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Popular Skills for Credit / Collections Director


Survey takers who work as Collections Directors usually 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 familiar with 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
$105,000

Mid-Career
up arrow 25%

Skills That Affect Credit / Collections Director Salaries

Credit Control
up arrow 3%

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
43%
20 years or more
45%

Common Health Benefits

medical benefits Medical: 95% dental benefits Dental: 90%
vision benefits Vision: 66% employee benefits None: 5%
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