C$63,932
Avg. Salary
C$24.17
Avg. Hourly Rate

Average additional compensation:

C$5,074

Bonus

C$2,500

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Credit Manager is C$24.17 per hour.

The average pay for a Credit Manager is C$63,932 per year.

C$15.05
10%
C$24.17
50%
C$36.69
90%
MEDIAN C$24.17
C$47k
10%
C$64k
50%
C$86k
90%
MEDIAN C$63,932
C$46,510 - C$85,581
C$47K
C$64K
C$86K
MEDIAN: C$63,932
10%
50%
90%
C$15.05 - C$36.69
C$15
C$24
C$37
MEDIAN: C$24.17
10%
50%
90%
C$0C$92K
Salary C$46,510 - C$85,581
Bonus C$509 - C$13,087
Profit Sharing C$0.00 - C$9,558
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).
)
C$46,103 - C$92,267
  • Country: Canada
  • Currency: CAD
  • Updated: 22 Feb 2019
  • Individuals Reporting: 337
Hourly Data C$0C$36
Hourly Rate C$15.05 - C$36.69
Overtime C$33.00
Annual Data C$0C$92K
Bonus C$509 - C$13,087
Profit Sharing C$0.00 - C$9,558
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).
)
C$46,103 - C$92,267
  • Country: United States
  • Currency: CAD
  • Updated: 22 Feb 2019
  • Individuals Reporting: 23

Job Description for Credit Manager

A credit manager primarily focuses on collecting money owed to their company, whether it be for some type of service or a particular product. When someone fails to pay the money that is owed, these professionals initiate legal action and potentially take part in the collection process. Further, a credit manager also plays a major role in negotiating payment options, which could include re-structuring payment plans to make them more manageable based on a party's financial capabilities. The credit manager is also responsible for tracking certain accounts and keeping a close eye on those that have gone unpaid for an extended period of time. A credit manager may have different duties depending on the size of the company in which they are employed.

Read More...
Credit Manager Tasks
  • Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money.
  • Prepare reports with this credit information for use in decision-making.

Credit Manager Pay By Employer

$0$78K

$58,764

Credit Manager Job Listings

Popular Skills for Credit Manager

Pay by Experience Level for Credit Manager

Pay by Experience for a Credit Manager has a positive trend. An entry-level Credit Manager with less than 5 years of experience can expect to earn an average total compensation of C$55,000 based on 28 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Credit Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of C$66,000 based on 61 salaries. An experienced Credit Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of C$69,000 based on 88 salaries. A Credit Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of C$74,000 based on 50 salaries.

Pay Difference by Location

National Average: C$65,473

Larger city markers indicate a job is popular in that location.

Credit Manager Reviews

Q: What is it like working as a Credit Manager?

Credit Manager in Montréal:
"It's excellent experience for first time managers."
Pros: Flexible schedule, great office atmosphere and company culture.
Cons: The pay is below average and they tend to work with contracts to limit a full salary at the level. It can get very demanding during spring campaign.

Credit Manager in Mississauga:
"People Skills."
Be careful and be prepared.

Credit Manager in Quispamsis:
"Communication and time management are essential."
Understand the laws for the industry you are in. Be prepared to communicate with sales staff. Negotiation skills would be very beneficial in this job. Know how to read financial statements.

Credit Manager in Edmonton:
"Corporate culture, stress level."
Pros: Handle high level appeals, help co-workers in development, provide real feedback on the backstory to policy.
Cons: Quite sure I'm the lowest paid manager on the floor; co workers at lower pay grades make more and receive raises more often.

Credit Manager in Kitchener:
"Upgrading Skills & Knowledge."
The market & economic conditions are constantly changing, so it is imperative that you keep your skills current. Take advantage of webinars, seminars, white papers, and NETWORK with your peers! Know your industry.

Related Job Salaries

Key Stats for Credit Manager

Gender

Female
70 %
Male
30 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 66 votes.
Less than 1 year
0%
1-4 years
13%
5-9 years
19%
10-19 years
39%
20 years or more
29%

Experience Affects Credit Manager Salaries

▲13%

▲5%

▲1%

National Average
C$65,000

▼16%

Skills That Affect Credit Manager Salaries


Credit Control
▲2%

National Average
C$65,000


▼6%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 66 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

Less than 1 year
0%
1-4 years
13%
5-9 years
19%
10-19 years
39%
20 years or more
29%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 87%
vision benefits
Vision: 70%
no benefits
None: 7%