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Collections Manager Jobs in Romeoville, IL (NOW HIRING)

Collections Manager

Chicago, IL · On-site

$80K - $100K/yr

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 ...

Manage collections across a portfolio of high-volume commercial accounts, maintaining low delinquency and strong cash-flow performance. * Lead and develop a distributed collections team--including ...

Manage collections across a portfolio of high-volume commercial accounts, maintaining low delinquency and strong cash-flow performance. * Lead and develop a distributed collections team-including ...

Manage collections across a portfolio of high-volume commercial accounts, maintaining low delinquency and strong cash-flow performance. * Lead and develop a distributed collections team-including ...

Position Overview The Credit & Collections Supervisor is responsible for leading and managing a team of collectors to ensure timely and effective collection of outstanding accounts within the health ...

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.

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.

Work closely with senior management and report on daily activities to resolve issues before they impact collections results. * *Create estimates of projected collections and adhere to client ...

Work closely with senior management and report on daily activities to resolve issues before they impact collections results. * *Create estimates of projected collections and adhere to client ...

Work closely with senior management and report on daily activities to resolve issues before they impact collections results. * *Create estimates of projected collections and adhere to client ...

Work closely with senior management and report on daily activities to resolve issues before they impact collections results. * *Create estimates of projected collections and adhere to client ...

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Collections Manager information

See Romeoville, IL salary details

$31.6K

$59.9K

$111.1K

How much do collections manager jobs pay per year?

As of Jul 2, 2026, the average yearly pay for collections manager in Romeoville, IL is $59,873.00, according to ZipRecruiter salary data. Most workers in this role earn between $41,300.00 and $66,800.00 per year, depending on experience, location, and employer.

What does a collections manager do?

A collections manager oversees the process of collecting payments from customers or clients, ensuring accounts are paid on time. They develop strategies to recover overdue debts, maintain records, and may use collection software or tools. Strong communication, negotiation skills, and knowledge of credit laws are essential for this role.

What is the highest paying collection job?

The highest paying collection jobs are typically senior roles such as Collections Director or Collections Vice President, which oversee large teams and complex portfolios. These positions often require extensive experience, strong negotiation skills, and industry certifications, and they can offer salaries exceeding $100,000 annually depending on the organization and location.

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 jobs pay 500,000 a year in the US?

High-level executive roles such as Chief Executive Officers (CEOs), Chief Financial Officers (CFOs), and other C-suite positions often have annual compensation exceeding $500,000, especially in large corporations. Additionally, specialized roles like top surgeons, successful entrepreneurs, and certain investment bankers can reach or surpass this income level, often requiring extensive experience, advanced skills, and significant responsibility.

What jobs in the US pay 300,000 a year?

For a Collections Manager, salaries of $300,000 or more are uncommon and typically occur with extensive experience, senior management roles, or in large organizations with high-value portfolios. High-paying roles in finance, executive management, or specialized consulting often exceed this threshold. Achieving such compensation usually requires advanced skills, certifications, and a proven track record of success.

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.
More about Collections Manager jobs
What are the most commonly searched types of Collections jobs in Romeoville, IL? The most popular types of Collections jobs in Romeoville, IL are:
What are popular job titles related to Collections Manager jobs in Romeoville, IL? For Collections Manager jobs in Romeoville, IL, the most frequently searched job titles are:
What job categories do people searching Collections Manager jobs in Romeoville, IL look for? The top searched job categories for Collections Manager jobs in Romeoville, IL are:
What cities near Romeoville, IL are hiring for Collections Manager jobs? Cities near Romeoville, IL with the most Collections Manager job openings:
Collections Manager

Collections Manager

Sterling Engineering Inc.

Chicago, IL • On-site

$80K - $100K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 28 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.