Credit and Collections Manager Salary in Illinois

How much does a Credit and Collections Manager make in Illinois? The average Credit and Collections Manager salary in Illinois is $96,526 as of January 20, 2020, but the range typically falls between $83,705 and $112,667. 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% $83,705 10% $72,032 90% $127,362 75% $112,667 $96,526 50%(Median)
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Job Description

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 top management. 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. (Copyright 2020 Salary.com)

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Location Avg. Salary Date Updated
Location Cicero, IL Avg. Salary $99,628 Date Updated January 20, 2020
Location Mount Prospect, IL Avg. Salary $99,289 Date Updated January 20, 2020
Location Abingdon, IL Avg. Salary $89,081 Date Updated January 20, 2020
Location Adair, IL Avg. Salary $90,219 Date Updated January 20, 2020
Location Addieville, IL Avg. Salary $91,789 Date Updated January 20, 2020
Location Addison, IL Avg. Salary $99,289 Date Updated January 20, 2020
Location Akin, IL Avg. Salary $88,271 Date Updated January 20, 2020
Location Albany, IL Avg. Salary $87,367 Date Updated January 20, 2020
Location Albers, IL Avg. Salary $91,789 Date Updated January 20, 2020
Location Albion, IL Avg. Salary $86,309 Date Updated January 20, 2020
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