The average salary for an Experienced Collections Manager in Chicago, Illinois is $61,900.
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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
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Popular Skills for Collections Manager
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. In their late career (20 years and higher), employees earn an average total compensation of $66,000.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Collections Manager in their job title in Boston, Massachusetts earn an average of 15.5% more than the national average. These job titles also find higher than average salaries in Richmond, Virginia (5.4% more). The lowest salaries can be found in Tampa, Florida (24.9% less), Atlanta, Georgia (20.9% less) and Dallas, Texas (12.7% less).
Years of Experience
This data is based on 15 survey responses.