Collections Technician Salary in Minnesota

VP of Collections - Average Salary $248,802

VP of Collections develops overall corporate policies regarding collections of overdue/delinquent accounts. Ensures all collections policies are followed. Being a VP of Collections monitors collections activities and provides recommendations for improvement. May work with legal counsel or outside collections agencies to handle overdue accounts. Additionally, VP of Collections requires a bachelor's degree. Typically reports to top management. The VP 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. To be a VP of Collections typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function.

Collections Supervisor - Average Salary $73,966

Collections Supervisor supervises the day-to-day process and operations involved with collections on overdue/delinquent accounts. Reviews and develops policies and procedures and ensures compliance. Being a Collections Supervisor initiates demand letters, outbound calls, and handles escalated calls. Monitors collections activities for quality. Additionally, Collections Supervisor ensures that production targets are achieved. May require a bachelor's degree. Typically reports to a manager. The Collections Supervisor supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes. Contributes to the development of processes and procedures. To be a Collections Supervisor typically requires 3 years experience in the related area as an individual contributor. Thorough knowledge of functional area under supervision.

Head of Collections - Average Salary $248,890

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.

Collections Attorney - Average Salary $93,227

Debt collection is the process of pursuing payments of debts owed by individuals or businesses. An organization that specializes in debt collection is known as a collection agency or debt collector. Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed.

Collections Agent - Average Salary $49,225

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