As of March 01, 2025, the average annual salary for a Consumer Loan Collection Manager in Clifton, NJ is $122,714. According to Salary.com, salaries can range from a low of $95,435 to a high of $157,713, with most professionals earning between $108,435 and $141,034.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $122,531 | $10,211 | $2,356 | $59 |
| Average | $106,615 | $8,885 | $2,050 | $51 |
| 25th Percentile | $94,209 | $7,851 | $1,812 | $45 |
An entry-level Consumer Loan Collection Manager with under 1 year experience makes about $115,937. With less than 2 years of experience, a mid-level Consumer Loan Collection Manager makes around $116,568. After 2-4 years, the Consumer Loan Collection Manager pay rises to about $117,621. Those senior Consumer Loan Collection Manager with 5-8 years of experience earn roughly $119,094, and those Consumer Loan Collection Manager having 8 years or more experience are expected to earn about $121,199 on average.
| Levels | Salary |
|---|---|
| Entry Level Consumer Loan Collection Manager | $115,937 |
| Intermediate Level Consumer Loan Collection Manager | $116,568 |
| Senior Level Consumer Loan Collection Manager | $117,621 |
| Specialist Level Consumer Loan Collection Manager | $119,094 |
| Expert Level Consumer Loan Collection Manager | $121,199 |
| Entry Level | 9% |
| Mid Level | 9% |
| Senior Level | 10% |
| Top Level | 12% |
| Experienced | 14% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.
Loss Mitigation: Loss mitigation is used to describe a third party helping a homeowner, a division within a bank that mitigates the loss of the bank, or a firm that handles the process of negotiation between a homeowner and the homeowner's lender. Loss mitigation works to negotiate mortgage terms for the homeowner that will prevent foreclosure. These new terms are typically obtained through loan modification, short sale negotiation, short refinance negotiation, deed in lieu of foreclosure, cash-for-keys negotiation, a partial claim loan, repayment plan, forbearance, or other loan work-out. All of the options serve the same purpose, to stabilize the risk of loss the lender (investor) is in danger of realizing../
| Skill | Salary | Demand |
|---|---|---|
|
Initiative
|
$161,982 |
32%
|
|
Quality Control
|
$148,484 |
21%
|
|
Billing
|
$147,256 |
20%
|
|
Loss Prevention
|
$143,575 |
17%
|
|
Quality Assurance
|
$143,575 |
17%
|
|
Coordination
|
$137,439 |
12%
|
