Credit and Collections Director Salary in Michigan

How much does a Credit and Collections Director make in Michigan? The average Credit and Collections Director salary in Michigan is $115,895 as of December 26, 2019, but the range typically falls between $99,516 and $137,790. 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.

25% $99,516 10% $84,604 90% $157,725 75% $137,790 $115,895 50%(Median)
Change Search Criteria

Job Description

Credit and Collections Director leads the overall credit function. Designs and implements processes to improve cash flow and reduce receivables. Being a Credit and Collections Director develops policies regarding the investigation of customers, extension of credit lines, and collections. Consults with current and future clients regarding their level of credit. Additionally, Credit and Collections Director oversees the negotiation and course of action taken for overdue accounts. Typically requires a bachelor's degree. Typically reports to top management. The Credit and Collections Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. To be a Credit and Collections Director typically requires 5+ years of managerial experience. (Copyright 2020 Salary.com)

See user submitted job responsibilities for Credit and Collections Director.

Select a city to view specific salary and bonus information for Credit and Collections Director

Loading results...
Location Avg. Salary Date Updated
Location Taylor, MI Avg. Salary $118,465 Date Updated December 26, 2019
Location Acme, MI Avg. Salary $109,012 Date Updated December 26, 2019
Location Ada, MI Avg. Salary $112,988 Date Updated December 26, 2019
Location Addison, MI Avg. Salary $117,643 Date Updated December 26, 2019
Location Adrian, MI Avg. Salary $115,449 Date Updated December 26, 2019
Location Afton, MI Avg. Salary $106,896 Date Updated December 26, 2019
Location Ahmeek, MI Avg. Salary $109,479 Date Updated December 26, 2019
Location Akron, MI Avg. Salary $107,020 Date Updated December 26, 2019
Location Alanson, MI Avg. Salary $106,896 Date Updated December 26, 2019
Location Alba, MI Avg. Salary $106,896 Date Updated December 26, 2019
Job Openings for Credit and Collections Director in Michigan

Career Path for Credit and Collections Director

Not the job you're looking for? Search more salaries here:

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst