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Debt Collection Manager Jobs in Virginia (NOW HIRING)

Collection Specialist

Norfolk, VA

$16 - $21.50/hr

... managing and collecting overdue customer accounts, ensuring timely payments, and maintaining ... debt and improving cash flow. The ideal candidate has strong communication skills, a persistent yet ...

Collection Specialist

Norfolk, VA ยท On-site

$16 - $21.50/hr

... managing and collecting overdue customer accounts, ensuring timely payments, and maintaining ... debt and improving cash flow. The ideal candidate has strong communication skills, a persistent yet ...

... collection of accounts receivable with the goal of minimizing bad debt losses and maximizing cash flow. This position plays a key role in establishing credit policies and supporting customer ...

... Debt Collection Practices Act (FDCPA), Reg B - Equal Credit Opportunity Act (ECOA), Regulation Z - Truth in Saving, US - FFIEC - Uniform Retail Credit Classification and Account Management (URCCAM ...

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Debt Collection Manager information

See Virginia salary details

$7

$22

$35

How much do debt collection manager jobs pay per hour?

As of Jun 10, 2026, the average hourly pay for debt collection manager in Virginia is $22.80, according to ZipRecruiter salary data. Most workers in this role earn between $17.88 and $28.37 per hour, depending on experience, location, and employer.

What is the difference between Debt Collection Manager vs Debt Collector?

AspectDebt Collection ManagerDebt Collector
ResponsibilitiesOversees collection teams, develops strategies, manages accounts, and ensures complianceContacts debtors, negotiates payments, and follows up on overdue accounts
Required CredentialsHigh school diploma or equivalent; experience in collections; sometimes certifications in debt managementHigh school diploma or equivalent; on-the-job training
Work EnvironmentOffice setting, supervisory role, team managementField or office, direct debtor contact
Industry UsageUsed in financial services, collections agencies, and corporate financeCommonly employed in collections agencies and debt recovery firms

The Debt Collection Manager oversees collection teams and strategies, focusing on managing accounts and compliance. In contrast, a Debt Collector directly contacts debtors to recover overdue payments. While both roles require similar credentials, the manager's role is supervisory and strategic, whereas the collector's role is operational and debtor-facing.

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

To thrive as a Debt Collection Manager, you need strong leadership abilities, knowledge of debt collection laws, and experience in account management, often supported by a degree in finance, business, or a related field. Familiarity with debt collection software (like FICO or Experian systems), CRM platforms, and relevant compliance certifications is typically required. Excellent negotiation, conflict resolution, and communication skills help build effective teams and maintain client relationships. These skills are crucial for ensuring regulatory compliance, maximizing collections, and fostering a productive team environment.

What are some common challenges faced by Debt Collection Managers, and how can they be addressed?

Debt Collection Managers often encounter challenges such as motivating their teams to achieve collection targets, handling difficult negotiations with debtors, and ensuring compliance with relevant regulations. Addressing these challenges involves providing ongoing training, fostering open communication within the team, and implementing effective performance tracking systems. Additionally, staying up to date with legal requirements and ethical standards is essential for maintaining a positive reputation and avoiding legal issues.

What does a Debt Collection Manager do?

A Debt Collection Manager oversees the operations and staff responsible for recovering outstanding debts owed to a company or organization. Their duties include setting collection policies, monitoring collection activities, ensuring compliance with laws and regulations, and developing strategies to maximize recovery rates. They often handle escalated cases, train new collectors, and report on collection performance to senior management. Effective Debt Collection Managers balance assertive recovery efforts with professionalism and customer service.

What is the 7 7 7 rule for debt collectors?

The 7 7 7 rule for debt collectors refers to a guideline that limits debt collection calls to no more than seven times per week, seven times per month, and seven times per year. As a Debt Collection Manager, understanding such regulations helps ensure compliance with fair debt collection practices and avoid harassment claims.
What job categories do people searching Debt Collection Manager jobs in Virginia look for? The top searched job categories for Debt Collection Manager jobs in Virginia are:
Infographic showing various Debt Collection Manager job openings in Virginia as of June 2026, with employment types broken down into 93% Full Time, and 7% Part Time. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $47,421 per year, or $22.8 per hour.
Audit & Remediation Manager - Hybrid Schedule

Audit & Remediation Manager - Hybrid Schedule

TRAKAmerica

Richmond, VA โ€ข On-site

$53K - $58K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 12 days ago


Job description

TRAKAmerica is a nationally recognized leader in accounts receivable management and outsourcing services, partnering with many of the nationโ€™s largest financial institutions and debt-buying organizations. Due to continued growth and infrastructure expansion, we are seeking a highly skilled Audit & Remediation Manager to join our team in Richmond, VA.ย  his position is classified as exempt under the FLSA and will not earn overtime for any hours worked in excess of 40 hours in a given work week. This position is eligible for an annual performance-based bonus.

POSITION SUMMARY:

This manager role will be responsible for collaborating with all TRAKAmerica departments and suppliers to ensure compliance action plans identified during client audits are tested, tracked, and resolved. In addition, this role will manage select Client Audits and support the VP of Client and Internal Audit with the Companyโ€™s internal audit program. The purpose of the Internal Audit program is to evaluate compliance with Company policies and oversees remediation action plans with applicable departments, in accordance with the Internal Audit and Protocol Schedule.
This position supports TRAKAmericaโ€™s Compliance Management System (CMS) and strengthens the Companyโ€™s relationships with clients, suppliers, and the Board by ensuring accuracy, accountability, and responsiveness. Serving as the primary day-to-day contact for compliance action plan management, this position plays a key role in both external client remediation and internal compliance oversight.

ESSENTIAL FUNCTIONS & RESPONSIBILITIES:

  • Oversee the client audit remediation schedule and internal audit schedule; update assessments, follow-up items, and testing as required.
  • Oversee a select group of client assessments in partnership with the other Client Audit Manager.
  • Serve as the primary point of contact for suppliers and internal teams on all remediation plans and testing.
  • Participate in audit close-out meetings with clients.
  • Maintain and update the findings database.
  • Communicate directly with suppliers and internal departments to resolve remediation testing matters.
  • Manage special projects assigned by the VP of Client and Internal Audit.
  • Other duties as assigned by Management.

JOB COMPETENCIES:

  • Critical thinking and a self-starting work ethic is essential
  • Strong computer skills using Microsoft Outlook and Excel (pivot tables and VLOOKUP required).
  • Exceptional attention to detail with a high degree of accuracy.
  • Ability to prioritize and manage multiple projects and deadlines in a fast-paced environment.
  • 1โ€“3 years of prior experience in a process-oriented, compliance, or audit environment.
  • Excellent written and verbal communication skills, with the ability to synthesize complex findings into clear, concise reports tailored for various audiences (management, board, clients).
  • Solid analytical and critical thinking skills to identify patterns, assess root causes, and recommend corrective actions.
  • Strong knowledge of compliance requirements affecting the legal recoveries business, including Federal, State, and local rules and regulations.
  • Proven ability to exercise independence and sound professional judgment in addressing compliance or audit issues.
  • Demonstrated project management skills to track remediation plans, manage timelines, and coordinate with multiple stakeholders.
  • Strong organizational, self-management, and follow-up skills.
  • Professional demeanor with the ability to foster collaboration, manage relationships, and demand high levels of performance.
  • Ability to listen effectively and respond with clarity and professionalism in both written and verbal interactions.
  • Confident and professional phone presence.

PHYSICAL DEMANDS & WORK ENVIRONMENT:

  • Physical demands: While performing the duties of this job, the employee is occasionally required to walk; sit; use hands to handle or feel objects, tools, or controls; reach with hands and arms; balance; stoop; talk and hear. Vision requirements include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus. A physical presence in the workplace is required. Ability to travel, if required.
  • Work environment: The noise level in the work environment is usually moderate.

QUALIFICATIONS REQUIRED:

  • Minimum Associates Degree preferred.
  • Minimum 2 yearsโ€™ experience in audit, compliance, client services, legal, or related administrative environment.

OTHER PREFERRED SKILLS/ABILITIES/EXPERIENCE:

  • Prior audit or compliance experience strongly preferred.
  • Knowledge of debt collection laws and/or experience in the collections industry required.
  • Legal or policy administration experience a plus.

TRAKAmerica is an Equal Opportunity Employer. Our company offers a competitive, experience-based salary; a comprehensive benefits package that includes paid holidays, paid time off, health insurance, and 401k plan; and a performance-based bonus structure. Any offer of employment conveyed by TRAKAmerica is conditional upon the successful completion of the companyโ€™s lawful pre-employment checks/screens including but not limited to criminal background check, credit check, and drug testing (to the extent permitted and in accordance with applicable law).
This job description is intended to convey information essential to understanding the scope of the job and the general nature and level of work performed by job holders within this job. It is not intended to be an exhaustive list of qualifications, skills, duties, or responsibilities associated with the position.

Company Description

TRAKAmerica is a leading accounts receivable management and recovery solutions company specializing in legal collections, compliance oversight, and advanced data analytics for financial institutions nationwide. Headquartered in Bonita Springs, the company partners with banks, debt buyers, government agencies, auto finance companies, and education lenders to optimize portfolio recovery performance through proprietary technology, analytics, and a nationwide legal network. Known for its compliance-driven approach and innovative FASTRAKยฎ modeling system, TRAKAmerica delivers customized recovery strategies that maximize client results while maintaining strong regulatory standards.