Director of credit and collections explained

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^[1]

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.^[2]

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.^[3]

See also

• Credit assistant
• Credit analyst
• Credit manager

Notes and References

1. Web site: Careers in Credit - NACM North Central. www.nacmnc.org. 2017-11-28.
2. Web site: Credit and Collections Director Salaries and how key factors impact Credit and Collections Director Salaries - Salary.com. Salary.com. Site built by. www1.salary.com. 2016-07-13.
3. Web site: The National Association of Credit Management: Certification Programs. NACM. nacm.org. 2016-07-13.