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Collections Manager Jobs in Elgin, IL (NOW HIRING)

Cherry Bekaert

Collections Coordinator

Chicago, IL · Hybrid

$18 - $28/hr

Manage an assigned portfolio of routine AR accounts, performing timely outreach on pastdue balances. * Document all client interactions, followup actions, and commitments in the collections system.

Cherry Bekaert

Collections Coordinator

Elgin, IL · Hybrid

$18 - $28/hr

Manage an assigned portfolio of routine AR accounts, performing timely outreach on pastdue balances. * Document all client interactions, followup actions, and commitments in the collections system.

Cherry Bekaert

Collections Coordinator

Chicago, IL · Hybrid

$18 - $28/hr

Manage an assigned portfolio of routine AR accounts, performing timely outreach on pastdue balances. * Document all client interactions, followup actions, and commitments in the collections system.

Cherry Bekaert

Collections Coordinator

Elgin, IL · Hybrid

$18 - $28/hr

Manage an assigned portfolio of routine AR accounts, performing timely outreach on pastdue balances. * Document all client interactions, followup actions, and commitments in the collections system.

AmeriNat

MORTGAGE COLLECTIONS TEAM LEAD

Palatine, IL · On-site

$65 - $90/hr

MORTGAGE COLLECTIONS TEAM LEAD Full Time Palatine, IL, US 6 days ago Requisition ID: 1061 Primary ... As a Team Lead, you will assist your manager with monitoring productivity and effectiveness and ...

OSP LP

MORTGAGE COLLECTIONS TEAM LEAD

Palatine, IL · On-site

$85 - $100/hr

MORTGAGE COLLECTIONS TEAM LEAD Full Time Palatine, IL, US 14 days ago Requisition ID: 1061 Primary ... As a Team Lead, you will assist your manager with monitoring productivity and effectiveness and ...

OSP LP

MORTGAGE COLLECTIONS TEAM LEAD

Palatine, IL · On-site

Primary Position Objective The Collections Team Lead will report to the Collections Manager and ... As a Team Lead, you will assist your manager with monitoring productivity and effectiveness and ...

OSP LP

MORTGAGE COLLECTIONS TEAM LEAD

Palatine, IL · On-site

Primary Position Objective The Collections Team Lead will report to the Collections Manager and ... As a Team Lead, you will assist your manager with monitoring productivity and effectiveness and ...

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Collections Manager information

See Elgin, IL salary details

$30.6K

$58K

$107.7K

How much do collections manager jobs pay per year?

As of Sep 5, 2026, the average yearly pay for collections manager in Elgin, IL is $58,047.00, according to ZipRecruiter salary data. Most workers in this role earn between $40,000.00 and $64,700.00 per year, depending on experience, location, and employer.

How does a collections manager typically collaborate with other departments to improve recovery rates?

A Collections Manager often works closely with teams such as customer service, sales, and finance to streamline the collections process and address payment issues more effectively. By sharing insights on overdue accounts and payment trends, they help these departments identify potential risks earlier and implement proactive solutions. Collaboration can also involve developing payment plans tailored to client needs, resolving disputes, and ensuring all communications align with company policies. This teamwork is essential for maximizing recovery rates while maintaining strong customer relationships.

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

To thrive as a Collections Manager, you need expertise in debt recovery strategies, financial analysis, and a background in finance or accounting, often supported by a bachelor’s degree. Familiarity with collections management software, CRM systems, and relevant regulations such as FDCPA is typically expected. Exceptional negotiation, leadership, and conflict-resolution skills help you manage teams and communicate effectively with clients. These abilities ensure effective recovery of outstanding debts while maintaining compliance and positive customer relationships.

What is the role of a collections manager?

A collections manager oversees the process of collecting payments from customers or clients, ensuring accounts are paid on time and managing overdue accounts. They develop strategies to recover debts, maintain customer relationships, and often use collection software or tools to track progress. Strong communication, negotiation skills, and knowledge of relevant laws are essential for this role.
More about Collections Manager jobs

What are the most commonly searched types of Collections jobs in Elgin, IL?

The most popular types of Collections jobs in Elgin, IL are:

What are popular job titles related to Collections Manager jobs in Elgin, IL?

For Collections Manager jobs in Elgin, IL, the most frequently searched job titles are:

What job categories do people searching Collections Manager jobs in Elgin, IL look for?

The top searched job categories for Collections Manager jobs in Elgin, IL are:

What cities near Elgin, IL are hiring for Collections Manager jobs?

Cities near Elgin, IL with the most Collections Manager job openings:

Collections Manager jobs near you
Infographic showing various Collections Manager job openings in Elgin, IL as of August 2026, with employment types broken down into 84% Full Time, 15% Part Time, and 1% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $58,047 per year, or $27.9 per hour.

Collections Manager

Sterling Engineering Inc.

Chicago, IL

$80K - $100K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 3 days ago

Job description

Title: Collections Manager
Location: Chicago, IL (Fully Onsite)
Pay Rate: $80K-$100k based on experience 
Benefits: Medical, Dental, Vision, PTO, 401K  
*Must come from distribution or manufacturing industry*
 
Are you a results-driven credit and collections professional who thrives in a fast-paced environment? Do you enjoy leading teams, optimizing processes, and making a direct impact on cash flow and risk management? If so, this role is a fantastic opportunity to take ownership of a critical function and drive meaningful results within a growing organization.

We are seeking a AR Credit Manager to lead our credit and accounts receivable team. This individual will play a key role in safeguarding company assets, optimizing collections performance, and building strong partnerships across Finance, Sales, and Operations. The right candidate will bring both strategic thinking and hands-on leadership, ensuring our credit and collections processes are efficient, compliant, and customer-focused.

What You’ll Do:
  • Lead and mentor the Accounts Receivable (AR) team to achieve excellence in invoicing, reconciliation, and collections.
  • Enhance processes around credit approvals, collections, risk management, and customer communications to drive efficiency and reduce DSO.
  • Review and approve credit applications, set credit terms, and collaborate with Sales and Finance to align risk with business growth.
  • Personally handle due diligence for major accounts to ensure informed credit decisions.
  • Maintain up-to-date customer credit files, including payment history, scores, and trade credit thresholds.
  • Proactively resolve invoice disputes, balancing firm collection practices with positive customer relationships.
  • Deliver insightful KPI reports and dashboards to leadership, highlighting opportunities for improvement and risk mitigation.
  • Identify and implement automation, process improvements, and risk reduction initiatives.
  • Partner with executive leadership to forecast cash flow and optimize collections strategies.
  • Ensure adequate staffing, resources, and training are in place to support a high-performing AR and Billing team.

What You Bring:
  • 10+ years of progressive experience in credit and collections management.
  • Bachelor’s degree in Business or related field (preferred).
  • Strong knowledge of credit-related laws, regulations, and best practices.
  • Proven ability to negotiate effectively and resolve customer disputes.
  • Track record of leading teams, developing talent, and driving measurable results.
  • Proficiency with Excel, ERP/CRM systems (NetSuite preferred), and financial reporting tools.
  • Excellent communication skills with the ability to partner across departments and influence outcomes.
  • Analytical mindset with exceptional attention to detail and problem-solving skills.
 
Qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or genetic information.