Credit / Collections Manager in New York Salary
How much does a Credit / Collections Manager make in New York, NY? The average salary for a Credit / Collections Manager in New York is $67,436 per year. This is 12% above the national average for a Credit / Collections Manager which is $59,516 per year. Salaries for a Credit / Collections Manager in New York range from $48,857 annually to $101,152 annually. Total Annual Compensation, which includes salary, bonus, and overtime for a Credit / Collections Manager in New York ranges from $48,857 to $104,531 annually. Job satisfaction is reported as 5 out of 5 stars. In New York, men make up the majority of the workforce (63 percent). Many report receiving medical and dental benefits from their employer.
|Salary||$48,857 - $101,152|
|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).)
|$48,857 - $104,531|
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.Read More...
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/collections manager's job to initiate investigations into credit ratings and ensure all credit checks are completed in a timely fashion. They also establish metrics and ensure they are being followed by the team. They develop reports and host daily or weekly meetings to set goals for the team and the company. They must assess performance of their team and either provide or facilitate training for staff.
Credit/collections managers are required to have a high school diploma or equivalent. Many companies also require a bachelor’s degree in accounting, finance, or business administration. Credit/collections managers also need to have great problem-solving, communications, and analytical skills. These managers may work a variety of hours depending on the needs of their company. Some companies may require travel for meetings and training as well. (Copyright 2017 PayScale.com)
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.
Credit / Collections Manager Job Listings
Key Stats for Credit / Collections Manager
Rated 5 out of 5
based on 3 votes.