Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Billing/collection manager hiring summary. Here are some key points about hiring billing/collection managers in the United States:
Here's a step-by-step billing/collection manager hiring guide:
Before you post your billing/collection manager job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a billing/collection manager for hire on a part-time basis or as a contractor.
Hiring the perfect billing/collection manager also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
Here's a comparison of billing/collection manager salaries for various roles:
| Type of Billing/Collection Manager | Description | Hourly rate |
|---|---|---|
| Billing/Collection Manager | Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. | $23-53 |
| Manager | Managers are responsible for a specific department, function, or employee group. They oversee their assigned departments and all the employees under the department... Show more | $17-44 |
| Tax Manager | A Tax Manager is responsible for managing tax reporting and compliance within an organization. They provide innovative tax planning and prepare state and federal tax returns for companies. | $33-62 |
A good billing/collection manager job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a billing/collection manager job description:
There are a few common ways to find billing/collection managers for your business:
To successfully recruit billing/collection managers, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you have selected a candidate for the billing/collection manager position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.
You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.
To prepare for the new billing/collection manager first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
Before you start to hire billing/collection managers, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire billing/collection managers pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
You can expect to pay around $73,393 per year for a billing/collection manager, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for billing/collection managers in the US typically range between $23 and $53 an hour.