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Credit Manager Jobs in Rochester, MN (NOW HIRING)

Collections Representative

Rochester, MN · On-site

$17.25 - $22.25/hr

Strict adherence to all regulatory and legal compliance with Federal and State credit and ... Effectively liaise with regional, district and branch managers on collection activities. Ensure ...

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Credit Manager information

See Rochester, MN salary details

$25.9K

$68.8K

$131.1K

How much do credit manager jobs pay per year?

As of Jul 29, 2026, the average yearly pay for credit manager in Rochester, MN is $68,774.00, according to ZipRecruiter salary data. Most workers in this role earn between $36,600.00 and $94,000.00 per year, depending on experience, location, and employer.

What are some typical challenges Credit Managers face when assessing credit risk, and how can these be addressed?

Credit Managers often face the challenge of gathering sufficient and reliable financial data to accurately assess the creditworthiness of clients, especially with new or small businesses. Balancing the need for thorough risk analysis with maintaining positive customer relationships is also crucial. To address these challenges, Credit Managers use robust credit scoring systems, maintain clear communication with clients, and stay updated on industry trends to refine their risk assessment strategies. Collaboration with sales and finance teams is essential to align credit policies with organizational goals while minimizing exposure to bad debt.

What are the 5 C's of credit management?

The 5 C's of credit management are Character, Capacity, Capital, Collateral, and Conditions. These criteria help credit managers assess a borrower's creditworthiness and determine the risk of extending credit. Understanding and evaluating these factors is essential for effective credit risk management and decision-making.

What Does a Credit Manager Do?

A credit manager works in the banking industry or for a lending organization. Their job responsibilities include underwriting or evaluating requests for credit using credit scores, projected profits and losses, and risk factors. People in credit management are responsible for accepting or rejecting loan applications based on these criteria and have the authority to oversee the company’s lending process. The job duties of a credit manager also include creating models to assess creditworthiness, as their ultimate goal is to reduce loss and increase profits from lending. Alternatively, a credit manager can work for a seller, typically a business-to-business or B2B organization, granting trade credit to buyers. Credit managers are responsible for creating models or criteria to assess the creditworthiness of buyers, creating discount or incentive programs for early payment, and managing the credit department of the company. They may also be responsible for credit accounting and collections. Career qualifications include a bachelor’s degree in accounting, business, or a related field.

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

To thrive as a Credit Manager, you need expertise in financial analysis, credit risk assessment, and a solid understanding of accounting principles, often supported by a degree in finance or a related field. Familiarity with credit management software, ERP systems, and relevant certifications such as Certified Credit Professional (CCP) are commonly required. Strong negotiation, decision-making, and communication skills help build trust with clients and effectively manage credit policies. These skills ensure the organization minimizes financial risk while maintaining healthy customer relationships and cash flow.

What is the difference between Credit Manager vs Credit Analyst?

AspectCredit ManagerCredit Analyst
CredentialsBachelor's degree; often certifications like CAM, CCRABachelor's degree; often certifications like CAM, CCRA
Work EnvironmentOversees credit policies, manages teams, interacts with senior managementAnalyzes credit data, assesses risk, prepares reports
Employer & IndustryFinancial institutions, corporations, credit agenciesFinancial institutions, credit bureaus, lending companies

The Credit Manager focuses on overseeing credit policies, managing credit teams, and making high-level credit decisions. In contrast, the Credit Analyst primarily analyzes credit data, assesses risk, and prepares reports to support credit decisions. Both roles require similar credentials and often work within the same industries, but their responsibilities differ in scope and focus.

Is credit management a good career?

Credit management is a stable career that involves assessing creditworthiness, managing credit risk, and maintaining customer relationships. It often requires strong analytical skills, attention to detail, and knowledge of financial regulations, with opportunities for advancement into senior finance roles.

What is the highest paying credit manager job?

The highest paying credit manager roles are typically senior or executive-level positions such as Credit Director or Chief Credit Officer, often found in large corporations or financial institutions. These roles require extensive experience, advanced financial skills, and sometimes certifications like CFA or CPA, and they can offer salaries exceeding $150,000 annually depending on the industry and location.

What is the work of a credit manager?

A credit manager oversees a company's credit policies, evaluates the creditworthiness of clients, and approves or denies credit applications. They analyze financial data, manage credit risk, and ensure timely collection of payments, often using credit management software. Strong analytical skills and knowledge of financial regulations are essential for this role.

What does a Credit Manager do?

A Credit Manager is responsible for overseeing a company's credit policies, assessing the creditworthiness of potential customers, and managing the process of granting credit and collecting payments. They analyze financial data, set credit limits, and help minimize financial risk to the organization. Credit Managers also work closely with sales and accounting teams to ensure that credit terms are followed and that outstanding debts are collected efficiently.
What are the most commonly searched types of Credit jobs in Rochester, MN? The most popular types of Credit jobs in Rochester, MN are:
What cities near Rochester, MN are hiring for Credit Manager jobs? Cities near Rochester, MN with the most Credit Manager job openings:
Infographic showing various Credit Manager job openings in Rochester, MN as of July 2026, with employment types broken down into 84% Full Time, 15% Part Time, and 1% Contract. Highlights an 95% Physical, 1% Hybrid, and 4% Remote job distribution, with an average salary of $68,774 per year, or $33.1 per hour.

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 7 days ago


Ashley Furniture rating

6.0

Company rating: 6.0 out of 10

Based on 288 frontline employees who took The Breakroom Quiz

39th of 50 rated furniture manufacturers


Job description

Build Your Career with Ashley Furniture- Where Innovation Meets Comfort

Who We Are:

At Ashley, inspiring the love of home is at the heart of everything we do. As the world’s largest manufacturer of home furnishings, we’re more than a business — we’re a family driven by innovation, competitiveness, and an unwavering commitment to excellence. We persevere through challenges, push beyond the status quo, and constantly seek better ways to deliver an exceptional customer experience. Our solutions-first mindset and dedication to growth are why Ashley remains #1 in our industry.

If you’re ready to grow, you’ve come to the right place. With a true “Growth Mindset,” Ashley Furniture invests in developing future leaders and helps every team member learn from the best in the business.

If you are a current Ashley employee: Please login to your UKG account and apply using the internal job board.

Position Overview

The Assistant Credit Manager supports the Corporate Credit Manager in overseeing credit, collections, and deductions activities across all Ashley locations. This role focuses on maintaining a clean accounts receivable balance, reducing deductions and open issues, ensuring timely collections, and enforcing company credit policies.

This position operates as a senior individual contributor and escalation point, working cross-functionally to resolve issues and improve overall AR performance.

Key Responsibilities

Credit, Collections & Deductions

  • Monitor and manage credit, collections, and deductions activity across assigned territories
  • Work to reduce deductions, returns, and allowance issues to maintain a clean AR balance
  • Review customer accounts, past due balances, and credit exposure
  • Perform collections activities and assist in resolving complex account issues
  • Ensure credit policies and procedures are consistently followed
  • Assist in managing bad debt exposure and recommend write-offs as needed

Account & Issue Resolution

  • Serve as a point of escalation for Credit Specialists, customers, sales, and operations teams
  • Respond to inquiries related to accounts, deductions, and payment issues
  • Partner cross-functionally to resolve disputes and remove barriers to payment

Performance & Process Improvement

  • Monitor key AR metrics, including aging, past due balances, deductions, and write-offs
  • Identify trends and recommend solutions to improve collections and reduce deductions
  • Conduct audits to ensure adherence to standard operating procedures
  • Support continuous improvement initiatives to enhance efficiency and accuracy

Operational Support

  • Maintain an assigned account portfolio/territory
  • Report past due accounts and high-risk issues to leadership
  • Provide insights and updates to the Corporate Credit Manager on performance and risks

Required Qualifications:

Education: Bachelor’s degree in Finance, Accounting, Business, or a related field preferred (or equivalent work experience)

Experience:

  • 3–5+ years of experience in credit, collections, accounts receivable, or deductions management
  • Experience working with high-volume AR portfolios and resolving complex customer account issues
  • Strong understanding of credit policies, risk assessment, and collections processes
  • Experience managing deductions, returns, and chargebacks preferred
  • Proficiency with ERP systems and Microsoft Office (Excel, Outlook)
  • Proven ability to analyze data, identify trends, and drive resolution of account issues
  • Experience working cross-functionally with sales, customer service, and operations teams

Work Environment:

This position is located in a climate-controlled office environment with standard lighting and moderate noise levels typical of professional workspace settings. The role primarily involves sitting at a desk for extended periods while working with computers, phones, and other office equipment. The collaborative environment includes interaction with team members and may require attendance at meetings, conference calls, and cross-departmental communications during regular business hours.

Benefits We Offer:

  • Health, Dental, Vision, Employee Assistance Program
  • Paid Time Off; increases with years of service
  • Generous Employee Discount on home furnishings
  • Professional Development Opportunities
  • Tuition Assistance
  • Ashley Wellness Centers (location specific)
  • 401(k) and Profit Sharing
  • Life Insurance

Our Core Values:

  • Honesty & Integrity: Acts with transparency, discretion, and ethical judgment. Trusted to handle sensitive information and provide accurate, unbiased insights. 
  • (Dirty Fingernail: Takes full accountability for outcomes, not just tasks. Inspects details, ensures data accuracy, and follows through to completion. 
  • Continuous Improvement: Actively seeks better ways to improve templates, tools, and processes. Learns from prior initiatives and embeds lessons into standard work. 
  • Growth & Results Focus: Understands how transformation initiatives drive growth, cost reduction, and profitability. Keeps work aligned to enterprise priorities. 
  • Culture of Leadership: Leads through influence, reliability, and example. Builds trust across functions and supports leaders at every level. 
  • Customer-Centric & Boundaryless: Works across silos for the greater good of the organization. Ensures outputs meet the needs of executives, initiative owners, and teams. 
  • Operational Excellence: Demonstrates strong organizational discipline, attention to detail, and the ability to translate ambiguity into clear, executable tools. 

Interested in learning more about Ashley Furniture’s Community Engagement programs, Environmental Stewardship, or our Core Values, click the links below:

Corporate Social Responsibility

View Our Corporate Brochure

We are an Equal Opportunity Employer and provide a drug-free working environment. While Ashley appreciates the interest of all candidates only those meeting specific position requirements may be contacted. This job description does not constitute a written or implied contract of employment. The company reserves the right to revise or change job duties and responsibilities as the need arises.

Notice to Search Firms: We are not seeking assistance or accepting unsolicited resumes from search firms. We will not pay any placement, referral or other fees to any search firms unless we have agreed otherwise in a valid, written agreement for the specific position posted and signed by an authorized representative of Ashley Furniture Industries.

 * Please note this position is not eligible for current or future employment sponsorship. Candidates must be legally authorized to work in the United States without the need for visa sponsorship now or at any time in the future.

 

 


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