Collections Support Salary in Michigan

VP of Collections - Average Salary $222,317

Develops overall corporate policies regarding collections of overdue/delinquent accounts. Ensures all collections policies are followed. Monitors collections activities and provides recommendations for improvement. May work with legal counsel or outside collections agencies to handle overdue accounts. Requires a bachelor's degree. Typically reports to top management. Manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function.

Head of Collections - Average Salary $222,390

The Head of Collections ensures all collections policies are followed. Develops overall corporate policies regarding collections of overdue/delinquent accounts. Being a Head of Collections may work with legal counsel or outside collections agencies to handle overdue accounts. Monitors collections activities and provides recommendations for improvement. In addition, Head of Collections requires a bachelor's degree. Typically reports to top management. The Head of Collections manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Working as a Head of Collections typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function.

Credit and Collections Analyst I - Average Salary $58,693

Analyzes credit history and information related to applications for credit and overdue/delinquent accounts. Ensures compliance with credit and collections regulations and adherence to best practices. Provides reporting on outstanding account balances, credit applications, and collection activity. Recommends terms and conditions pertaining to credit and debt repayment. Typically requires a bachelor's degree. Typically reports to a manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience.

VP of Credit and Collections - Average Salary $196,503

Leads the overall credit function. Develops policies regarding the investigation of customers, extension of credit lines, and collections. Ensures all policies are followed. Requires a bachelor's degree. Typically reports to top management. Manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function.

VP of Credit and Collections Administration - Average Salary $196,590

The VP of Credit and Collections Administration develops policies regarding the investigation of customers, extension of credit lines, and collections. Leads the overall credit function. Being a VP of Credit and Collections Administration requires a bachelor's degree. Ensures all policies are followed. In addition, VP of Credit and Collections Administration typically reports to top management. The VP of Credit and Collections Administration manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Working as a VP of Credit and Collections Administration typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function.