Credit / Collections Director Salary

Salaries for Collections Directors in the United States are generous, with average pay above six figures ($98K) per year. Geography is the biggest factor affecting pay for this group, followed by experience level. The majority of workers are highly satisfied with their job. Most Collections Directors survey respondents are men (70 percent). Nearly all enjoy medical while almost all get dental coverage. Vision coverage is also available to a strong majority. The data in this summary comes from the PayScale salary survey.

$61,862 - $134,903
(Median)
$62K
$98K
$130K
MEDIAN: $98,263
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
$61,862 - $134,903  
   
Bonus
$4,790 - $29,322  
Profit Sharing
$2,800  
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).
)
$62,724 - $154,993  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 177
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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 report a narrow range of specific skills. Those who have experience with Credit Control, Collections, and Financial Analysis can expect to be compensated well for these skills. Those familiar with Collections also tend to 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
$106,000

Mid-Career
up arrow 17%

Skills That Affect Credit / Collections Director Salaries

Credit Control
up arrow 4%

Collections
up arrow 3%

Financial Analysis
up arrow 3%

National Average
$106,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 32 votes.

Gender

Female
30 %
Male
70 %

Years of Experience

1-4 years
3%
5-9 years
10%
10-19 years
44%
20 years or more
43%

Common Health Benefits

medical benefits
Medical: 97%
dental benefits
Dental: 92%
medical benefits
Vision: 71%
dental benefits
None: 3%
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