What is a Credit And Collection Manager

As credit and collections manager, you will probably not be well-liked. You will, however, be responsible for coordinating credit and collections procedures, policies, and operations. You will manage daily accounts receivables to make sure that the customer pays and complies. You may also need to follow up with issues or customer complaints. You will also need to assess credit risk in customers and suppliers and let the company's executives know who will be a good credit risk. You will also design and implement processes to improve cash flow and reduce receivables.

A credit and collection manager will monitor and make recommendations on opportunities for improvement in collection and credit procedures. You will manage staff in the day-to-day performance of credit and collection. You will also ensure that the company's accounts receivable goals are met. To be a credit and collection manager, you will need experience and education.

Typically, a credit and collections manager has a bachelor's degree and management experience of at least five years. You will also need to have extensive knowledge of the function of credit and collections. With all this knowledge, you will be able to command a salary of approximately $70,000 a year.

There is more than meets the eye when it comes to being a Credit And Collection Manager. For example, did you know that they make an average of $42.01 an hour? That's $87,383 a year!

Between 2018 and 2028, the career is expected to grow 16% and produce 104,700 job opportunities across the U.S.

What Does a Credit And Collection Manager Do

There are certain skills that many Credit And Collection Managers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Analytical skills, Communication skills and Detail oriented.

Learn more about what a Credit And Collection Manager does

How To Become a Credit And Collection Manager

If you're interested in becoming a Credit And Collection Manager, one of the first things to consider is how much education you need. We've determined that 62.0% of Credit And Collection Managers have a bachelor's degree. In terms of higher education levels, we found that 7.8% of Credit And Collection Managers have master's degrees. Even though most Credit And Collection Managers have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a Credit And Collection Manager. When we researched the most common majors for a Credit And Collection Manager, we found that they most commonly earn Bachelor's Degree degrees or Associate Degree degrees. Other degrees that we often see on Credit And Collection Manager resumes include Master's Degree degrees or High School Diploma degrees.

You may find that experience in other jobs will help you become a Credit And Collection Manager. In fact, many Credit And Collection Manager jobs require experience in a role such as Credit Manager. Meanwhile, many Credit And Collection Managers also have previous career experience in roles such as Collections Manager or Credit Analyst.

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And if you’re looking for a job, here are the five top employers hiring now:

  1. Citigroup Jobs (7)
  2. Texas Instruments Jobs (6)
  3. General Electric Jobs (11)
  4. AT&T Jobs (27)
  5. Cbs Jobs (7)
Average Salary
$87,383
Average Salary
Job Growth Rate
16%
Job Growth Rate
Job Openings
37,260
Job Openings
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Average Salary for a Credit And Collection Manager

Credit And Collection Managers in America make an average salary of $87,383 per year or $42 per hour. The top 10 percent makes over $142,000 per year, while the bottom 10 percent under $53,000 per year.
Average Salary
$87,383
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5 Credit And Collection Manager Resume Examples

Learn How To Write a Credit And Collection Manager Resume

At Zippia, we went through countless Credit And Collection Manager resumes and compiled some information about how to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Credit And Collection Manager Resume Examples And Templates

And if you’re looking for a job, here are the five top employers hiring now:

  1. Citigroup Jobs (7)
  2. Texas Instruments Jobs (6)
  3. General Electric Jobs (11)
  4. AT&T Jobs (27)
  5. Cbs Jobs (7)

Choose From 10+ Customizable Credit And Collection Manager Resume templates

Zippia allows you to choose from different easy-to-use Credit And Collection Manager templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Credit And Collection Manager resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Credit And Collection Manager Resume
Credit And Collection Manager Resume
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Credit And Collection Manager Resume
Credit And Collection Manager Resume
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Credit And Collection Manager Resume
Credit And Collection Manager Resume

Credit And Collection Manager Demographics

Credit And Collection Manager Gender Statistics

female

51.2 %

male

48.8 %

Credit And Collection Manager Ethnicity Statistics

White

69.3 %

Hispanic or Latino

14.4 %

Black or African American

7.5 %

Credit And Collection Manager Foreign Languages Spoken Statistics

Spanish

71.3 %

Portuguese

5.3 %

Italian

5.3 %
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Credit And Collection Manager Education

Credit And Collection Manager Majors

41.3 %
9.8 %

Credit And Collection Manager Degrees

Bachelors

62.0 %

Associate

19.5 %

Masters

7.8 %

Top Colleges for Credit And Collection Managers

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. SUNY Farmingdale

Farmingdale, NY • Private

In-State Tuition
$8,306
Enrollment
9,394

9. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

10. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407
Job Openings

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Top Skills For a Credit And Collection Manager

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 6.5% of Credit And Collection Managers listed Credit Reports on their resume, but soft skills such as Analytical skills and Communication skills are important as well.

1. California

Total Credit And Collection Manager Jobs:
1,535
Highest 10% Earn:
$164,000
Location Quotient:
3.23
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Nevada

Total Credit And Collection Manager Jobs:
105
Highest 10% Earn:
$149,000
Location Quotient:
3.09
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Connecticut

Total Credit And Collection Manager Jobs:
156
Highest 10% Earn:
$169,000
Location Quotient:
2.89
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Credit And Collection Managers

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Top Credit And Collection Manager Employers

Most Common Employers For Credit And Collection Manager

RankCompanyZippia ScoreAverage Credit And Collection Manager SalaryAverage Salary
1$138,713
2$134,471
3$116,026
4$106,501
5$105,958
6$104,731

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