The average salary for a Credit Manager with Credit Control skills in Toronto, Ontario is C$66,319.
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C$55k - C$95k
C$2k - C$10k
C$0 - C$3k
C$58k - C$98k
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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 cred…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.
Explore the most common career paths for Credit Manager. Thickness and color of lines indicates how common a path is.
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)
Credit Manager Job Listings
Popular Skills for Credit Manager
Risk Management / Risk Control
Skills in Risk Management / Risk Control are correlated to pay that is above average. Skills that pay less than market rate include Financial Analysis, Bill Collections and Accounts Receivable.
Pay by Experience Level for Credit Manager
A mid-career Credit Manager with 5-9 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of C$71,125 based on 12 salaries. An experienced Credit Manager with 10-19 years of experience earns an average total compensation of C$65,735 based on 16 salaries. In their late career (20 years and higher), employees earn an average total compensation of C$67,407.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Credit Manager in their job title in Calgary, Alberta earn an average of 19.3% more than the national average. These job titles also find higher than average salaries in Vancouver, British Columbia (11.5% more) and Kitchener, Ontario (7.4% more). The lowest salaries can be found in Winnipeg, Manitoba (3.4% less), Montréal, Québec (2.5% less) and Mississauga, Ontario (0.0% less).
Years of Experience
This data is based on 36 survey responses.
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