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.Read More...
A credit manager must also be able to communicate in a precise way, as a good majority of the job involves dealing with the company leaders, independent clients, and the public. In addition, a person working in this career must keep thorough, organized financial records that can be used at legal proceedings and other stages of the collection process. (Copyright 2017 PayScale.com)
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
Key Stats for Credit Manager