The average salary for a Credit / Collections Manager is $61,529.
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$41k - $96k
$984 - $15k
$822 - $7k
$412 - $58k
$36k - $97k
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Job Description for Credit / Collections Manager
A credit/collections manager is responsible for the direction and coordination of credit and collections procedures, policies, and operations. They manage the daily accounts receivables to ensure customer compliance, as well as follow up with issues or complaints from customers. The credit/collections manager must provide support to general managers and accounts managers. They direct and supervise credit evaluations, cash applications, collections, and placement of accounts. It is the credit…Read more
Credit / 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.
Job Satisfaction for Credit / Collections Manager
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Popular Skills for Credit / Collections Manager
Skills in Accounts Receivable, Credit Control and Collection Development are correlated to pay that is above average. Skills that pay less than market rate include Customer Relationship Management (CRM) and Bill Collections.
Pay by Experience Level for Credit / Collections Manager
An entry-level Credit / Collections Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $51,456 based on 7 salaries. An early career Credit / Collections Manager with 1-4 years of experience earns an average total compensation of $55,618 based on 155 salaries. A mid-career Credit / Collections Manager with 5-9 years of experience earns an average total compensation of $57,970 based on 199 salaries. An experienced Credit / Collections Manager with 10-19 years of experience earns an average total compensation of $62,705 based on 402 salaries. In their late career (20 years and higher), employees earn an average total compensation of $69,465.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Credit / Collections Manager in their job title in New York, New York earn an average of 24.7% more than the national average. These job titles also find higher than average salaries in Los Angeles, California (23.5% more) and Atlanta, Georgia (7.9% more). The lowest salaries can be found in Chicago, Illinois (10.6% less), St. Louis, Missouri (5.8% less) and Dallas, Texas (0.1% less).
Years of Experience
This data is based on 1,176 survey responses.