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.
How to Become a Credit And Collection Manager
What is a Credit And Collection Manager
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.
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.
What is the right job for my career path?
Tell us your goals and we'll match you with the right jobs to get there.
And if you’re looking for a job, here are the five top employers hiring now:
Credit And Collection Manager Career Paths
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a Credit And Collection Manager can determine their career goals through the career progression. For example, they could start out with a role such as Accounts Receivable Manager, progress to a title such as Accounting Manager and then eventually end up with the title Senior Accounting Manager.
Credit And Collection Manager Jobs You Might Like
What is the right job for my career path?
Tell us your goals and we'll match you with the rights job to get there.
Average Salary for a Credit And Collection Manager
Calculate your salary
Use Zippia's Salary Calculator to see how your pay matches up.
5 Credit And Collection Manager Resume Examples
Build a professional credit and collection manager resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 5+ resume templates to create your credit and collection manager resume.
Charles Hernandez Credit And Collection Manager |
Charles Hernandez Credit And Collection Manager Experience Credit And Collection Manager2016 - Present McKesson•Warren, NJ
Collection Supervisor2015 - 2016 McKesson•Warren, NJ
Accounts Receivable Specialist2014 - 2015 McKesson•Warren, NJ
Credit And Collections Analyst2004 - 2014 Citi•Warren, NJ
Skills FdcpaLoan PortfolioInsurance CompaniesAccount ManagementTravel ArrangementsLoan ApplicationsMedicaidCredit LimitsUnpaid ClaimsMedical Records Education Bachelor's Degree Business1995 - 1998 DeVry University•Oakbrook Terrace, IL |
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 TemplatesAnd if you’re looking for a job, here are the five top employers hiring now:
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.
Find the best Credit And Collection Manager job for you
Credit And Collection Manager Jobs You Might Like
- High Paying Credit And Collection Manager Jobs - $142K and Up
- Entry Level Credit And Collection Manager Jobs
- Part Time Credit And Collection Manager Jobs
- Actively Hiring
- No Degree Credit And Collection Manager Jobs
Top Colleges for Credit And Collection Managers
1. University of Pennsylvania
Philadelphia, PA • Private
2. Northwestern University
Evanston, IL • Private
3. University of Southern California
Los Angeles, CA • Private
4. SUNY at Binghamton
Vestal, NY • Private
5. Villanova University
Villanova, PA • Private
6. San Diego State University
San Diego, CA • Private
7. Bentley University
Waltham, MA • Private
8. SUNY Farmingdale
Farmingdale, NY • Private
9. Boston University
Boston, MA • Private
10. SUNY Stony Brook
Stony Brook, NY • Private
Find the best Credit And Collection Manager job for you
Credit And Collection Manager Jobs You Might Like
- High Paying Credit And Collection Manager Jobs - $142K and Up
- Entry Level Credit And Collection Manager Jobs
- Part Time Credit And Collection Manager Jobs
- Actively Hiring
- No Degree Credit And Collection Manager Jobs
Online Courses For Credit And Collection Manager That You May Like
Learn all about Credit Risk Analysis, Credit Rating, Credit Scoring, Structural Models, Term Structure in details...
All you want to know about Credit Specific Risk Analysis from a Bankers and Analyst Perspective...
Credit Repair: A step-by-step 2021 plan to begin improving your credit within one hour of starting! Over 6,300 students!...
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
$115,695
Avg. Salary
2. Nevada
$104,978
Avg. Salary
3. Connecticut
$97,794
Avg. Salary
How Do Credit And Collection Manager Rate Their Jobs?
Credit And Collection Manager Videos
