How much does a Consumer Loan Collection Manager make in South Dakota? The average Consumer Loan Collection Manager salary in South Dakota is $90,637 as of February 26, 2024, but the range typically falls between $78,820 and $103,885. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Consumer Loan Collection Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Consumer Loan Collection Manager Salary $68,062 SD February 26, 2024
25th Percentile Consumer Loan Collection Manager Salary $78,820 SD February 26, 2024
50th Percentile Consumer Loan Collection Manager Salary $90,637 SD February 26, 2024
75th Percentile Consumer Loan Collection Manager Salary $103,885 SD February 26, 2024
90th Percentile Consumer Loan Collection Manager Salary $115,947 SD February 26, 2024
25% $78,820 10% $68,062 90% $115,947 75% $103,885 $90,637 50%(Median) Didn’t find job title? Click
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Senior Collector

ACCION OPPORTUNITY FUND COMMUNITY DEVELOPMENT - Los Angeles, CA

What skills does a Consumer Loan Collection Manager need?

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.

1.

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.

2.

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.

3.

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../

Customer Service 0.3%
Futures 0.1%
Loss Mitigation 0.05%
Others 99.55%

Job Description for Consumer Loan Collection Manager

Consumer Loan Collection Manager manages a group of collection supervisors and develops collection strategies to minimize collection portfolio loss. Responsible for initial and ongoing training of all subordinate personnel. Being a Consumer Loan Collection Manager requires a bachelor's degree. Typically reports to a top management. The Consumer Loan Collection Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Consumer Loan Collection Manager typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Consumer Loan Collection Manager in South Dakota

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Location Avg. Salary Date Updated
Location Deadwood, SD Avg. Salary $88,961 Date Updated February 26, 2024
Location Pierre, SD Avg. Salary $86,657 Date Updated February 26, 2024
Location Watertown, SD Avg. Salary $90,791 Date Updated February 26, 2024
Location Aberdeen, SD Avg. Salary $85,114 Date Updated February 26, 2024
Location Agar, SD Avg. Salary $85,114 Date Updated February 26, 2024
Location Akaska, SD Avg. Salary $85,114 Date Updated February 26, 2024
Location Alcester, SD Avg. Salary $89,671 Date Updated February 26, 2024
Location Alexandria, SD Avg. Salary $90,791 Date Updated February 26, 2024
Location Allen, SD Avg. Salary $88,961 Date Updated February 26, 2024
Location Alpena, SD Avg. Salary $87,953 Date Updated February 26, 2024
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Consumer Loan Collection Manager Salary in South Dakota
Consumer Loan Collection Manager Salary Graph, Regional Distribution and Summary