The average salary for a Late-Career Collections Manager in Chicago, Illinois is $66,000.
Is Collections Manager your job title? Find out what you should be paid
Use our tool to get a personalized report on your market worth.
$0 - $66k
$47k - $113k
Your Market Worth Over Time
How has your pay changed over time for your market? Find out by taking our salary quiz.
Job Description for Collections Manager
A collections manager's primary responsibility is to be accountable for the recovery of the organization’s assets by collecting on delinquent accounts. The collections manager also works closely with their supervisor and office staff in the collection department. Communication skills are essential, since quite often the role involves coordinating tasks between management and workers. While the primary duty of a collection manager is taking care of delinquent accounts, many secondary tasks are …Read more
Collections Manager Tasks
- Hire, manage, and motivate members of the collection team.
- Manages small claims court documentation and makes decisions on accounts to be written off.
- Oversee all general credit and collections processes.
Collections Manager Job Listings
Search for more jobs
Pay by Experience Level for Collections Manager
An early career Collections Manager with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $52,500 based on 5 salaries. A mid-career Collections Manager with 5-9 years of experience earns an average total compensation of $49,997 based on 5 salaries. An experienced Collections Manager with 10-19 years of experience earns an average total compensation of $61,900 based on 9 salaries.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Collections Manager in their job title in New York, New York earn an average of 21.2% more than the national average. These job titles also find higher than average salaries in Phoenix, Arizona (13.6% more) and Dallas, Texas (5.5% more). The lowest salaries can be found in Houston, Texas (16.4% less) and Atlanta, Georgia (9.1% less).
Years of Experience
This data is based on 19 survey responses.