Credit Manager in Minneapolis, Minnesota Salary

A Credit Manager in Minneapolis, Minnesota earns an average salary of $76,395 per year. The highest paying skills associated with this job are Risk Management / Risk Control and Financial Analysis. Most people in this job have more than five years' experience in related jobs.

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 credit manager is also responsible for tracking certain accounts and keeping a close eye on those that have gone unpaid for an extended period of time. A credit manager may have different duties depending on the size of the company in which they are employed.

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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.

About Minneapolis, Minnesota

Hennepin County, Minnesota
410,935
Male:
206,547 (50.3%)
Female:
204,388 (49.7%)
Minneapolis (/ˌmɪniˈæpəlɪs/) is the county seat of Hennepin County, and larger of the Twin Cities, the 16th-largest metropolitan area in the United States, containing about 3.5 million residents. As of 2015, Minneapolis is the largest city in the state of Minnesota and 46th-largest in the United States with a population of 410,939. Minneapolis and Saint Paul anchor the second-largest economic center in the Midwest, after Chicago. Minneapolis lies on both banks of the Mississippi River, just north of the river's confluence with the Minnesota River, and adjoins Saint Paul, the state's capital. The city is abundantly rich in water, with thirteen lakes, wetlands, the Mississippi River, creeks and waterfalls, many connected by parkways in the Chain of Lakes and the Grand Rounds National Scenic Byway. It was once the world's flour milling capital and a hub for timber. The city and surrounding region is the primary business center between Chicago and...
Minneapolis:
$54,571
Minnesota:
$63,488
$912
Minneapolis:
$227,500
Minnesota:
$200,000
4.3%

Credit Manager Job Listings

Key Stats for Credit Manager

Gender

Female
25 %
Male
75 %
1-4 years
14%
5-9 years
29%
20 years or more
57%

Experience Affects Credit Manager Salaries

National Average
$100,000

Late-Career
▼19%

Experienced
▼38%

Skills That Affect Credit Manager Salaries

National Average
$100,000

Risk Management / Risk Control
▼2%

Financial Analysis
▼11%

Collections
▼29%

Credit Control
▼30%

Accounts Receivable
▼35%

Gender

Female
25 %
Male
75 %

Years of Experience

1-4 years
14%
5-9 years
29%
20 years or more
57%

Common Health Benefits

medical benefits
Medical: 100%
dental benefits
Dental: 100%
vision benefits
Vision: 50%
no benefits
None: