Credit and Collection Manager Career

A credit and collection manager plays an important role in the credit department of a bank or financial institution. The job responsibilities that come with the credit and collection manager career tag include managing the credit department, reviewing client credit payment history, recommending credit line amount, and collaborating towards increasing the financial strength of an account. Challenging as it may seem; the role of a credit and collection manager is important for efficient performance and growth of the credit department of an organization.

How to become a Credit and Collection Manager:

A strong educational background especially in finance or accounts is required in order to pursue credit and collection manager career. One needs to have interest in commerce, banking and handling account related information. This is mostly a desk job with lot of paperwork and hence can be monotonous but at the same time it is challenging as well.

Credit and Collection Manager Career courses, training, programs:

An MS degree in accountancy followed by CPA license will help in creating better prospects for credit and collection manager career. There are several universities that offer a bachelor’s degree or associate degree in accountancy. If one wishes to appear for CPA exam then it is important to look for an accredited body like American Institute of CPA’s (AICPA). One of the important things to remember is that one needs to complete their undergraduate studies and have some work experience in order to be qualified for the Uniform CPA exam.

Credit and Collection Manager Career schools/colleges, education:

A BS degree is like a foundation course that will help aspiring students to pursue credit and collection manager career. The BS degree course curriculum lays emphasis on cost accounting, intermediate and advanced accounting, fundamentals of accounting, accounting behavior in organizations, accounting concepts, business accounting, auditing, and financial accounting systems among others.

Top 5 colleges/universities:

University of Texas (McCombs)

University of Chicago (Booth)

University of Illinois-Urbana Champaign

Stanford University

University of Southern California         

Credit and Collection Manager Job opportunities, salaries/pay:

The average salary for a credit and collection manager in the USA varies from $50,000 to $100,502 annually. The median expected salary in the US for a credit and collection manager is $80,912.

Category: Banking Careers

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