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Director Credit Collections Jobs in Elgin, IL (NOW HIRING)

Brilliant Financial Staffing - IL

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Credit & Collections Specialist

Schaumburg, IL · On-site

$25 - $28/hr

Credit & Collections Specialist Location : Schaumburg, IL Salary Range : $25-28/hour Benefits ... Company Description Brilliant is an award-winning direct-hire, contract and consulting practice ...

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Scotsman Ice Systems

Credit Manager

Vernon Hills, IL · On-site

$90K - $100K/yr

... Director of Revenue Accounting Supervises Finance and Payroll Generalist Mission Safeguard the company's financial integrity by leading a disciplined credit and collections function that supports ...

Scotsman Group

Credit Manager

Vernon Hills, IL · On-site

... Director of Revenue Accounting Supervises Finance and Payroll Generalist Mission Safeguard the company's financial integrity by leading a disciplined credit and collections function that supports ...

Scotsman Ice

Credit Manager

Vernon Hills, IL · On-site

... Director of Revenue Accounting Supervises Finance and Payroll Generalist Mission Safeguard the company's financial integrity by leading a disciplined credit and collections function that supports ...

CYNET SYSTEMS

Senior Data Analyst

Lake Zurich, IL · On-site

$38 - $43/hr

Design & Track KPIs across the CFS department and provide feedback & insight to the Senior Director ... Collaborate with the Chargeback, Credit & Collections, Customer Master & Rebate managers to provide ...

PeopleFoundry

Staff Accountant

Chicago, IL · On-site

$56K - $74K/yr

Ensure there is proper review of the accounts and escalate any differences or issues to the Director of Finance * Own all tasks related to AR (billing, credit, collections, and receipts) and AP ...

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All JobsCredit Collections JobsDirector Credit Collections JobsDirector Credit Collections Jobs in Elgin, IL

Director Credit Collections information

See Elgin, IL salary details

$56.3K

$100K

$162.1K

How much do director credit collections jobs pay per year?

As of Aug 15, 2026, the average yearly pay for director credit collections in Elgin, IL is $100,009.00, according to ZipRecruiter salary data. Most workers in this role earn between $79,100.00 and $109,200.00 per year, depending on experience, location, and employer.

What is the difference between Director Credit Collections vs Credit Analyst?

AspectDirector Credit CollectionsCredit Analyst
Required CredentialsBachelor's degree, extensive experience in credit/collections, leadership skillsBachelor's degree in finance, accounting, or related field, some experience in credit analysis
Work EnvironmentManagement of collections teams, strategic planning, high-level decision makingAnalyzing credit data, assessing risk, preparing reports
Employer & Industry UsageFinancial institutions, large corporations, credit agenciesBanks, lending companies, financial services
Common Search & ComparisonYesNo

The main difference between a Director Credit Collections and a Credit Analyst lies in their responsibilities and seniority. The Director oversees collections strategies and manages teams, requiring leadership experience. The Credit Analyst focuses on assessing credit risk and analyzing data. Both roles are vital in credit management but differ in scope and level of responsibility.

How does a director credit collections effectively collaborate with other departments to optimize cash flow and minimize risk?

As a Director of Credit Collections, collaboration with departments such as Sales, Finance, and Customer Service is essential for maintaining healthy cash flow and minimizing credit risk. You’ll regularly work with Sales to set appropriate credit terms for clients, partner with Finance to analyze aging reports and forecast revenue, and coordinate with Customer Service to resolve disputed accounts. Effective communication and cross-functional meetings help ensure company policies are followed while maintaining positive customer relationships and achieving collection targets.

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

To thrive as a Director of Credit Collections, you need deep knowledge of credit risk analysis, collections strategies, and financial regulations, usually backed by a bachelor’s degree in finance, accounting, or a related field. Familiarity with collections management software (like SAP or Oracle), financial reporting tools, and relevant certifications such as Certified Credit Executive (CCE) is valuable. Strong leadership, negotiation, and analytical skills help drive team performance and effective customer resolution. These capabilities are vital to minimize bad debt, optimize cash flow, and maintain strong client relationships for the organization’s financial stability.

What does a director credit collections do?

A Director of Credit Collections is responsible for overseeing an organization's credit and collections department. This role involves developing policies and procedures to ensure timely payments from customers, managing credit risk, and maintaining healthy cash flow. The director leads a team of credit and collections professionals, analyzes credit data, sets credit limits, and works to resolve delinquent accounts. They also collaborate with other departments to support business goals and ensure compliance with relevant regulations.

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

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

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

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

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Director Credit Collections jobs near you

Director of Credit and Collections

Fortune Fish & Gourmet

Bensenville, IL • On-site

Other

Re-posted 24 days ago

Job description

Director, Credit and Collections

The Director, Credit and Collections serves as the enterprise leader responsible for credit risk management, collections strategy, and cash optimization for a high-volume, low-margin, $1B+ foodservice distribution business. This role owns the company's credit governance framework, drives disciplined collections execution, and partners cross-functionally to balance profitable growth with prudent risk management, improved cash flow, and reduced days sales outstanding (DSO). The Director oversees the corporate accounts receivable portfolio, leads scalable credit and collections operations, and ensures proactive identification and mitigation of customer credit risk.

Duties & Responsibilities
  • Own enterprise-wide credit and collections strategy to optimize DSO, cash flow, and working capital performance
  • Establish, approve, and enforce customer credit policies, terms, limits, escalations, credit holds, and revocations.
  • Provide executive oversight of the corporate A/R portfolio, including high-risk, high-dollar, and strategic customer accounts.
  • Partner with Sales leadership to align credit decisions with growth objectives while protecting enterprise cash and margin.
  • Collaborate with Finance to forecast bad debt exposure, reserves, and customer default risk.
  • Lead and develop a multi-level credit and collections team, setting performance expectations, productivity goals, and succession plans.
  • Own collection performance outcomes, including aging bucket reduction, dispute resolution, and recovery strategies.
  • Serve as the senior point of contact for complex customer negotiations, escalations, and executive-level discussions.
  • Oversee litigation strategy, settlements, and recovery actions in partnership with Legal and external counsel.
  • Manage relationships and performance of third-party collection agencies and asset recovery partners.
  • Leverage systems and analytics (ERP, AR automation, CRM) to drive efficiency, transparency, and risk insight.
  • Report portfolio risk, performance trends, and actionable recommendations to senior leadership.
  • Lead change initiatives related to policy updates, systems implementations, and organizational scaling.
Success Measures (12-18 Months)
  • Measurable reduction in DSO and past-due A/R exposure
  • Improved accuracy of bad debt forecasting and reserve planning.
  • Strong alignment with Sales on credit discipline and customer risk evaluation.
  • Scalable credit governance and collections process supporting growth.
  • A high-performing, well-developed credit and collections leadership team.
Minimum Requirements
  • Education – Bachelor's degree in Finance, Accounting, Business, or a related discipline required; advanced degree a plus.
  • 10+ years of progressive credit and collections experience in a high-volume distribution, foodservice, logistics, or transportation environment.
  • 5+ years of senior leadership or manager-of-managers experience.
  • Deep knowledge of credit risk assessment, collections strategy, litigation processes, and customer negotiations.
  • Strong analytical capability with experience managing large datasets across multiple systems.
  • Proven ability to influence cross-functional leaders and drive enterprise-level outcomes.
  • Experience with ERP and A/R automation platforms (Business Central, NetSuite, YayPay, VersaPay, Salesforce preferred).

Fortune Fish & Gourmet is an equal opportunity employer. Our Mission is to elevate meals and lives by uniting unmatched product quality and selection with responsible sourcing, faithful stewardship, and unparalleled commitment to our customers' and team members' success. Our Vision is a world in which we can all: Do good. Be great. Scale excellence.

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