The average salary for a Credit / Collections Manager is $60,606.
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$41k - $94k
$984 - $15k
$817 - $6k
$1k - $41k
$36k - $95k
Your Market Worth Over Time
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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.
Popular Employer Salaries for Credit / Collections Manager
Explore the most common career paths for Credit / Collections Manager. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)
Credit / Collections Manager Job Listings
Popular Skills for Credit / Collections Manager
Skills in Accounts Receivable, Credit Control, Collection Development and Customer Relationship Management (CRM) are correlated to pay that is above average. Skills that pay less than market rate include 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 $51,123 based on 6 salaries. An early career Credit / Collections Manager with 1-4 years of experience earns an average total compensation of $54,170 based on 162 salaries. A mid-career Credit / Collections Manager with 5-9 years of experience earns an average total compensation of $57,033 based on 209 salaries. An experienced Credit / Collections Manager with 10-19 years of experience earns an average total compensation of $61,811 based on 433 salaries. In their late career (20 years and higher), employees earn an average total compensation of $67,998.
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 25.0% more than the national average. These job titles also find higher than average salaries in Los Angeles, California (16.3% more) and Dallas, Texas (15.6% more). The lowest salaries can be found in Chicago, Illinois (9.3% less), St. Louis, Missouri (5.8% less) and Atlanta, Georgia (0.7% less).
Years of Experience
This data is based on 1,241 survey responses.