Credit Manager Salary in Michigan - State Average, Michigan

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Average Salary for Credit Manager in Michigan - State Average, Michigan

The average salary of a(n) Credit Manager in Michigan - State Average, Michigan is $98,500.

The average hourly rate of a(n) Credit Manager in Michigan - State Average, Michigan is $47.36.

The average bonus of a(n) Credit Manager in Michigan - State Average, Michigan is $7,417.00.

Job Description:

Manages and coordinates activities of those engaged in conducting credit investigations and collecting delinquent accounts of customers of commercial establishment, department store, bank, or similar establishment. Assigns subordinates to supervise workers 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 collecting on bad checks and delinquent bills to specific supervisors. Reviews and evaluates applications, substantiated data, and recommendations, in order to determine credit validity. Establishes credit limitations on customer's account. Reviews collection reports to ascertain status of collections and balances outstanding and to evaluate effectiveness of current collection policies and procedures. Less

Manages and coordinates activities of those engaged in conducting credit investigations and collecting delinquent accounts of customers of commercial establishment, department store, bank, or similar establishment. Assigns subordinates to supervise workers investigating and verifying financial status and reputation of prospective... More

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