Manager Credit & Collection Salary in Lincolnshire, Illinois

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Average Salary for Manager Credit & Collection in Lincolnshire, Illinois

The average salary of a(n) Manager Credit & Collection in Lincolnshire, Illinois is $101,498.

The average hourly rate of a(n) Manager Credit & Collection in Lincolnshire, Illinois is $48.80.

The average bonus of a(n) Manager Credit & Collection in Lincolnshire, Illinois is $7,562.00.

Job Description:

Manages and coordinates activities of workers engaged in conducting credit investigations and collecting delinquent accounts of customers. Assigns workers, directly or through subordinate supervisors, responsibility for investigating and verifying financial status and reputation of prospective customers applying for credit, preparing documents to substantiate findings, and recommending rejection or approval of applications. Determines responsibility for investigation of fraud cases and possible legal action and collection for worthless checks and delinquent bills. Establishes credit limitations on customer account. Reviews collection reports to ascertain status of collections-and-balances outstanding and to evaluate effectiveness of current collection policies and procedures. Audits delinquent accounts considered to be uncollectible to ensure maximum efforts have been taken before assigning bad-debt status to account. Coordinates with others, including personnel in company branches and credit card companies, to exchange information and update controls. May submit delinquent accounts to attorney or outside agency for collection. May compile and analyze statistical data on fraudulent use of credit cards to develop procedures designed to deter or prevent use of cards. May specialize in credit and collection activities for credit cards. Less

Manages and coordinates activities of workers engaged in conducting credit investigations and collecting delinquent accounts of customers. Assigns workers, directly or through subordinate supervisors, responsibility for investigating and verifying financial status and reputation of prospective customers applying for credit, preparing... More

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Processing credit applications. Monitoring and establishing credit limits with quarterly review. Managing collection activities to optimize cash-flow and...

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O Experience in the credit card or financial services institution. O Collaborate with external vendors to assist with data collection and reporting as well as...

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