£34,615
Avg. Salary
£11.91
Avg. Hourly Rate

Average additional compensation:

£3,118

Bonus

£750

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Credit Manager is £11.91 per hour.

The average pay for a Credit Manager is £34,615 per year.

£0.00
10%
£11.91
50%
£0.00
90%
MEDIAN £11.91
£24k
10%
£35k
50%
£50k
90%
MEDIAN £34,615
£24,416 - £50,492
£24K
£35K
£50K
MEDIAN: £34,615
10%
50%
90%
£0£54K
Salary £24,416 - £50,492
Bonus £1,024 - £6,133
Profit Sharing £750
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).
)
£24,707 - £54,306
  • Country: United Kingdom
  • Currency: GBP
  • Updated: 12 Feb 2019
  • Individuals Reporting: 229

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 ₤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.

Pay Difference by Location

27%

National Average: £35,521

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

Credit Manager Advice

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

Credit Manager in Leeds:
Review all processes and procedures treat each memeber of your team as individuals.

Related Job Salaries

Key Stats for Credit Manager

Gender

Female
50 %
Male
50 %
Less than 1 year
0%
1-4 years
12%
5-9 years
19%
10-19 years
41%
20 years or more
28%

Experience Affects Credit Manager Salaries

▲1%

▼0%

National Average
₤36,000

Mid-Career
▼4%

Entry-Level
▼10%

Skills That Affect Credit Manager Salaries

Financial Analysis
▲30%

People Management
▼0%

National Average
₤36,000

Risk Management / Risk Control
▼4%


Gender

Female
50 %
Male
50 %

Years of Experience

Less than 1 year
0%
1-4 years
12%
5-9 years
19%
10-19 years
41%
20 years or more
28%

Common Health Benefits

medical benefits
Medical: 51%
dental benefits
Dental: 13%
vision benefits
Vision: 16%
no benefits
None: 45%