The average pay for a Credit Manager is £11.91 per hour.
The average pay for a Credit Manager is £34,615 per year.
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...- 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.
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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 ₤32,000 based on 29 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 ₤34,000 based on 43 salaries. An experienced Credit Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of ₤36,000 based on 66 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 ₤36,000 based on 37 salaries.
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Key Stats for Credit Manager
Gender
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Female
50 % |
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Male
50 % |
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