A director of credit and collections is a senior-level employee in an organization's credit department. Job responsibilities may include:
- Overseeing credit and collection functions
- Hiring, firing, evaluating and promoting credit department employees
- Administrating credit policies
- Evaluating and improving collection effectiveness
- Encouraging sales growth
- Mentoring credit managers, credit analysts and other credit department personnel
Education and background
Employees holding the director of credit and collections position typically have a bachelor's degree or higher, 15–20 years of credit experience, global experience and a Certified Credit Executive designation from the National Association of Credit Management (NACM).
Employment
As of June 2016, the median salary for a director of credit and collections is $105,282. They typical salary is between $90,419 and $125,160.
Professional organizations
Credit analysts in the United States can obtain memberships, continuing education and certification through NACM. Certification levels include Credit Business Associate, Certified Credit and Risk Analyst, Credit Business Fellow, Certified Credit Executive, Certified International Credit Professional and International Certified Credit Executive.
See also
References
- ^ "Careers in Credit - NACM North Central". www.nacmnc.org. Retrieved 2017-11-28.
- Salary.com, Site built by. "Credit and Collections Director Salaries and how key factors impact Credit and Collections Director Salaries - Salary.com". www1.salary.com. Retrieved 2016-07-13.
- NACM. "The National Association of Credit Management: Certification Programs". nacm.org. Retrieved 2016-07-13.