Hourly wage for Credit and Collections Manager

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$129,813	$10,818	$2,496	$62
Average	$112,911	$9,409	$2,171	$54
25th Percentile	$97,645	$8,137	$1,878	$47

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$129,813	$10,818	$2,496	$62
Average	$112,911	$9,409	$2,171	$54
25th Percentile	$97,645	$8,137	$1,878	$47

Levels	Salary
Entry Level Credit and Collections Manager	$106,396
Intermediate Level Credit and Collections Manager	$107,074
Senior Level Credit and Collections Manager	$108,657
Specialist Level Credit and Collections Manager	$110,466
Expert Level Credit and Collections Manager	$113,802

Year	Average Annual Salary
2020	View More
2021	View More
2022	View More
2023	$98,774
2024	$99,824
2025	$99,491
2026	View More

Degree Level	% of user with this level of education
No Diploma	2.6%
High School	27.0%
Associates	16.4%
Bachelors	40.4%
Masters	12.7%
Doctorate	1.0%

FAQ about Credit and Collections Manager

1. What are the responsibilities of Credit and Collections Manager?

Credit and Collections Manager develops and administers credit and collection programs. Oversees investigation of credit risk in customers and suppliers and advises on course of action for credit applications. Being a Credit and Collections Manager designs and implements processes to improve cash flow and reduce receivables. Monitors and negotiates the collection of overdue accounts. Additionally, Credit and Collections Manager monitors credit and collection processes and operations; makes recommendations on opportunities for improvement. Requires a bachelor's degree. Typically reports to a director. The Credit and Collections Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Credit and Collections Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes.

2. What are the skills of Credit and Collections Manager

Specify the abilities and skills that a person needs in order to carry out the specified job duties. 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.)

Credit Card: A credit card is a type of credit facility, provided by banks that allow customers to borrow funds within a pre-approved credit limit.

3.)

Credit Policy: Credit policy is a set of terms that lays out how your company will issue credit to its clients and collect unpaid debts. It maximize the company revenue/business while minimizing the risk generated by extending credit.

See More Skills

Entry Level	6%
Mid Level	5%
Senior Level	4%
Top Level	2%
Experienced	1%

Core Compensation
Core Compensation	Median	% of Total
Base Salary	$112,911	66.6%
Bonus	$9,682	5.7%
Value of Benefits
Core Compensation	Median	% of Total
Social Security	$9,378	5.5%
401K/403B	$5,149	3.0%
Disability	$2,452	1.4%
Healthcare	$8,352	4.9%
Pension	$6,620	3.9%
Time Off	$15,088	8.9%
Total Compensation	$169,634	100%

Hourly Wage for Credit and Collections Manager Salary in the United States