The average pay for a Credit Manager in Toronto, Ontario is C$69,836 per year.

C$49,013 - C$96,784
C$49K
C$69K
C$97K
MEDIAN: C$69,298
10%
50%
90%
C$0C$100K
Salary C$49,013 - C$96,784
Bonus C$2,027 - C$14,933
Profit Sharing C$4,000
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$50,576 - C$100,979
  • Country: Canada
  • Currency: CAD
  • Updated: 17 Jan 2018
  • Individuals Reporting: 62

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.

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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 Job Listings

Pay by Experience Level for Credit Manager

Pay by Experience for a Credit Manager has a neutral trend. An entry-level Credit Manager with less than 5 years of experience can expect to earn an average total compensation of C$68,000 based on 5 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$85,000 based on 10 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$76,000 based on 16 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$68,000 based on 8 salaries.

Key Stats for Credit Manager

Gender

Female
59 %
Male
41 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 10 votes.
1-4 years
15%
5-9 years
16%
10-19 years
39%
20 years or more
31%

Experience Affects Credit Manager Salaries

▲15%

▲3%

National Average
C$74,000

▼8%

▼8%

Skills That Affect Credit Manager Salaries

National Average
C$74,000


▼13%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 10 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

1-4 years
15%
5-9 years
16%
10-19 years
39%
20 years or more
31%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 86%
vision benefits
Vision: 65%
no benefits
None: 4%