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Bank Collection Manager Jobs in Illinois (NOW HIRING)

Bank of America

Treasury Product Manager I

Chicago, IL · On-site

At Bank of America, we are guided by a common purpose to help make financial lives better through ... This pivotal role involves optimizing and overseeing the billing & collection of transaction fees ...

Bank of America

Treasury Product Manager I

Chicago, IL · On-site

At Bank of America, we are guided by a common purpose to help make financial lives better through ... This pivotal role involves optimizing and overseeing the billing & collection of transaction fees ...

Dieterich Bank

Loan Workout Officer

Trenton, IL · On-site

$75K - $100K/yr

Compliance and Risk Management * Ensure all collection, workout, and recovery activities comply with Dieterich Bank's loan policy, regulatory guidance, and applicable state and federal laws. * Apply ...

Dieterich Bank

Loan Workout Officer

Trenton, IL · On-site

$75K - $100K/yr

Compliance and Risk Management * Ensure all collection, workout, and recovery activities comply with Dieterich Bank's loan policy, regulatory guidance, and applicable state and federal laws. * Apply ...

Home State Bank

VP - Commercial Banker

Crystal Lake, IL · On-site

$99K - $162K/yr

Maintain properly documented files and manage renewals and collection efforts on past dues and ... Home State Bank offers competitive pay and a generous benefit package that starts the first of the ...

Home State Bank

VP - Commercial Banker

Crystal Lake, IL · On-site

$99K - $162K/yr

Maintain properly documented files and manage renewals and collection efforts on past dues and ... Home State Bank offers competitive pay and a generous benefit package that starts the first of the ...

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All JobsBank Collection JobsBank Collection Manager JobsBank Collection Manager Jobs in Illinois

Bank Collection Manager information

See Illinois salary details

$30K

$56.9K

$105.6K

How much do bank collection manager jobs pay per year?

As of Aug 4, 2026, the average yearly pay for bank collection manager in Illinois is $56,903.00, according to ZipRecruiter salary data. Most workers in this role earn between $39,200.00 and $63,500.00 per year, depending on experience, location, and employer.

What does a bank collection manager do?

A Bank Collection Manager is responsible for overseeing the process of recovering overdue payments on loans and credit accounts for a bank. They manage a team of collection agents, set strategies to maximize recovery, and ensure compliance with regulations and company policies. Their role includes negotiating with delinquent account holders, analyzing collection data, and implementing best practices to reduce non-performing assets. Effective communication and problem-solving skills are essential for this position.

What are the key skills and qualifications needed to thrive as a bank collection manager, and why are they important?

To thrive as a Bank Collection Manager, you need expertise in credit risk assessment, debt recovery strategies, and a background in finance or banking, often supported by a bachelor’s degree. Familiarity with loan management software, CRM systems, and regulatory compliance tools is typically required. Strong negotiation, leadership, and problem-solving skills help manage teams and interact effectively with clients. These abilities are vital to maximize debt recovery, maintain regulatory compliance, and uphold customer relationships within a financial institution.

What is the difference between Bank Collection Manager vs Credit Analyst?

AspectBank Collection ManagerCredit Analyst
Primary RoleOversees collection processes for overdue accounts, manages collection teams, and minimizes bad debtAssesses creditworthiness of potential and existing clients to determine lending risk
Required CredentialsTypically requires banking or finance certifications, experience in collectionsOften requires finance, accounting, or economics degrees, and credit certifications
Work EnvironmentBanking institutions, collections departments, often in office settingsFinancial institutions, credit departments, analytical settings
Employer & Industry UsageCommonly employed by banks, financial institutions, lending companiesUsed by banks, credit agencies, and lending firms for risk assessment

The main difference is that a Bank Collection Manager focuses on recovering overdue debts and managing collections, while a Credit Analyst evaluates credit risk to support lending decisions. Both roles require financial knowledge and certifications but serve different functions within banking operations.

What are the main challenges a bank collection manager faces when managing a collection team?

A Bank Collection Manager often deals with the challenge of balancing effective debt recovery with maintaining positive customer relationships. They must ensure their team adheres to regulatory guidelines and ethical practices, while also meeting recovery targets. Motivating team members in a high-pressure environment and handling complex negotiations with delinquent clients are also common hurdles. Additionally, adapting strategies based on changing economic conditions and customer profiles is key to success in this role.
What are popular job titles related to Bank Collection Manager jobs in Illinois? For Bank Collection Manager jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Bank Collection Manager jobs in Illinois look for? The top searched job categories for Bank Collection Manager jobs in Illinois are:
What cities in Illinois are hiring for Bank Collection Manager jobs? Cities in Illinois with the most Bank Collection Manager job openings:
Bank Collection Manager jobs near you
Infographic showing various Bank Collection Manager job openings in Illinois as of July 2026, with employment types broken down into 83% Full Time, 15% Part Time, and 2% Contract. Highlights an 93% Physical, 4% Hybrid, and 3% Remote job distribution, with an average salary of $56,903 per year, or $27.4 per hour.

Consumer Collections Manager - Credit Union - To 105K- Bloomington, IL - Job #

The Symicor Group

Bloomington, IL

$105K/yr

Full-time

Re-posted 22 days ago

Job description

The Position

Our client is seeking to fill a Consumer Collections Manager role to be based in the Bloomington, IL market. The successful candidate will be responsible for the design, administration, and training of all consumer collection processes, procedures, and reporting activities.

This position offers a generous base salary of up to $105K and an excellent benefits package. (This is not a remote position).

Consumer Collections Manager responsibilities include:

  • Overseeing consumer collection activities related to delinquent or charged-off accounts.
  • Leading and directing the consumer collections employees in the management of accounts requiring legal action by determining the best course of action while maintaining compliance.
  • Providing subject matter expertise on consumer loan regulations, particularly loss mitigation options, and the compliance obligations related to consumer loan collections.
  • Reviewing all consumer loan workout, renewal, loss mitigation options, risk rating upgrades, return to accrual status, and charge-off memos.
  • Developing and implementing processes to create greater efficiencies within the department and monitor actual practices to ensure full compliance.
  • Preparing and providing account progress updates.
  • Conducting regularly scheduled past due meetings with the consumer collections employees.

Requirements

Who Are You?

You're someone who wants to influence your own development. You're looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.

You also bring the following skills and experience:

  • Bachelor's degree in related curriculum or equivalent of education and experience.
  • Two or more years of experience in Collections and Financial Service Industries.
  • One or more years of management/supervisory experience.
  • Knowledge of banking and legal software a plus.

Benefits

This position offers a generous base salary of up to $105K and an excellent benefits package. (This is not a remote position).

Apply