The average salary for a Late-Career Credit Manager in Chicago, Illinois is $68,000.
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Job Description for Credit Manager
A credit manager primarily focuses on collecting money owed to their company, whether it be for some type of service or a particular product. When someone fails to pay the money that is owed, these professionals initiate legal action and potentially take part in the collection process. Further, a credit manager also plays a major role in negotiating payment options, which could include re-structuring payment plans to make them more manageable based on a party's financial capabilities. The cred…Read more
Credit Manager Tasks
- Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money.
- Prepare reports with this credit information for use in decision-making.
Credit Manager Job Listings
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Popular Skills for Credit Manager
Skills that pay less than market rate include People Management.
Pay by Experience Level for Credit Manager
A mid-career Credit Manager with 5-9 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $53,237 based on 5 salaries. An experienced Credit Manager with 10-19 years of experience earns an average total compensation of $83,000 based on 5 salaries.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Credit Manager in their job title in Houston, Texas earn an average of 30.2% more than the national average. These job titles also find higher than average salaries in Los Angeles, California (26.4% more) and Minneapolis, Minnesota (25.0% more). The lowest salaries can be found in Portland, Oregon (13.2% less) and St. Louis, Missouri (12.4% less).
Years of Experience
This data is based on 10 survey responses.