The average salary for jobs that require the skills of Collections Management is $244,753 based on United States National Average.
Core compensation
Responsible for managing the collection efforts of an organization. Develops collection strategies to minimize collection portfolio loss. Designs and implements collection processes, policies, and procedures. Analyzes data, tracks metrics, and identifies trends to improve efficiency and results. Ensures the team is working efficiently and effectively to collect outstanding debts. May require a bac... View job details
Manages a team of collection recovery representatives. Develops collection strategies, analyzes delinquency data, and identifies process improvements. Sets and monitors collection targets. Oversees the collection recovery process to ensure adherence with organizational guidelines and compliance with state and federal laws and regulations. Typically works for third-party debt collection agency. May... View job details
Manages a team responsible for restructuring loans. Oversees the design and implementation of loan workout plans. Develops strategies to assist lenders and borrowers in restructuring loan terms, securing collateral/assets, and facilitating settlements. Ensures all actions are compliant with federal, state, investor, and company guidelines. Provides guidance and oversight on high complexity or chal... View job details
Directs and manages a team responsible for restructuring loans. Oversees the design and implementation of loan workout plans. Develops strategies to assist lenders and borrowers in restructuring loan terms, securing collateral/assets, and facilitating settlements. Ensures all actions are compliant with federal, state, investor, and company guidelines. Provides guidance and oversight on high comple... View job details
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 functio... View job details
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