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
The National Association of Credit Management (NACM) is a United States non-profit organization based in Columbia, Maryland that promotes standards for the business-to-business credit profession. , NACM had more than 15,000 members, primarily of ...
(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
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Credit assistant
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Credit analyst
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Credit manager Credit management is the process of granting credit, setting the terms on which it is granted, recovering this credit when it is due, and ensuring compliance with company credit policy, among other credit related functions. This task is often perfor ...
References
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Credit management
Finance occupations