How much does a Credit and Collections Director make in Potomac, MD? The average Credit and Collections Director salary in Potomac, MD is $172,665 as of February 26, 2024, but the range typically falls between $148,408 and $196,166. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Credit and Collections Director Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Credit and Collections Director Salary $126,324 Potomac,MD February 26, 2024
25th Percentile Credit and Collections Director Salary $148,408 Potomac,MD February 26, 2024
50th Percentile Credit and Collections Director Salary $172,665 Potomac,MD February 26, 2024
75th Percentile Credit and Collections Director Salary $196,166 Potomac,MD February 26, 2024
90th Percentile Credit and Collections Director Salary $217,563 Potomac,MD February 26, 2024
25% $148,408 10% $126,324 90% $217,563 75% $196,166 $172,665 50%(Median) Didn’t find job title? Click
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Job Description for Credit and Collections Director

Credit and Collections Director leads the overall credit function. Designs and implements processes to improve cash flow and reduce receivables. Being a Credit and Collections Director develops policies regarding the investigation of customers, extension of credit lines, and collections. Consults with current and future clients regarding their level of credit. Additionally, Credit and Collections Director oversees the negotiation and course of action taken for overdue accounts. Typically requires a bachelor's degree. Typically reports to top management. The Credit and Collections Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. To be a Credit and Collections Director typically requires 5+ years of managerial experience. (Copyright 2024 Salary.com)... View full job description

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Career Path for Credit and Collections Director

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Credit and Collections Director, the first career path typically progresses to Top Credit and Collections Executive.

Those that have already made the climb...
David P. Michels, Vice President and Chief Financial Officer
Kinder Morgan, Inc. operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground storage system... More
Fiscal Year Ended in 2022
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Credit and Collections Director salary varies from city to city. Compared with national average salary of Credit and Collections Director, the highest Credit and Collections Director salary is in San Francisco, CA, where the Credit and Collections Director salary is 25.0% above. The lowest Credit and Collections Director salary is in Miami, FL, where the Credit and Collections Director salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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Step 1 of 3

Understand the total compensation opportunity for a Credit and Collections Director, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
148408
196166
172665

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
165016
237150
197907
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Credit and Collections Director in Potomac, MD. The base salary for Credit and Collections Director ranges from $148,408 to $196,166 with the average base salary of $172,665. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $165,016 to $237,150 with the average total cash compensation of $197,907.
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148408
196166

 

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About Potomac, Maryland    Potomac (listen (help·info)) is a census-designated place (CDP) in Montgomery County, Maryland, United States, named for the nearby Potomac River. In ....More

Potomac, Maryland  area prices were up 1.3% from a year ago    View the Cost of Living in Potomac, Maryland

Credit and Collections Director Salary in popular cities: BaltimoreColumbiaGermantown

Skills associated with Credit and Collections Director: Credit and Collections Software, Accounts Receivable, Compliance Audit, Negotiation ...More

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