The average salary for a Credit Manager in Chennai, Tamil Nadu is Rs 594,952 per year. Most people with this job move on to other positions after 20 years in this career. The highest paying skills associated with this job are Risk Management / Risk Control and Financial Analysis.

Rs 345,357 - Rs 1,325,977
Rs 350K
Rs 610K
Rs 1M
MEDIAN: Rs 610,419
10%
50%
90%
Rs 0Rs 1M
Salary Rs 345,357 - Rs 1,325,977
Bonus Rs 16,000 - Rs 175,000
Profit Sharing Rs 10,000
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).
)
Rs 352,760 - Rs 1,400,000
  • Country: India
  • Currency: INR
  • Updated: 18 Jan 2018
  • Individuals Reporting: 64

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

Key Stats for Credit Manager

Gender

Female
23 %
Male
77 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 3 votes.
Less than 1 year
9%
1-4 years
39%
5-9 years
25%
10-19 years
23%
20 years or more
3%

Experience Affects Credit Manager Salaries

▲7%

National Average
Rs 637,000

Mid-Career
▼1%

▼5%

Skills That Affect Credit Manager Salaries


Financial Analysis
▲9%

Loan Underwriting
▲7%


National Average
Rs 637,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 3 votes.

Gender

Female
23 %
Male
77 %

Years of Experience

Less than 1 year
9%
1-4 years
39%
5-9 years
25%
10-19 years
23%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 78%
dental benefits
Dental: 4%
vision benefits
Vision: 4%
no benefits
None: 22%