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Director Of Collections Jobs in Worcester, MA (NOW HIRING)

TaraVista

Inpatient Medicare Collection Specialist

Devens, MA · On-site

$20.50 - $27.75/hr

... Direct Data Entry (DDE/FISS) system to secure accurate and timely payment. Inpatient Medicare ... years of hospital billing or Medicare collections experience. * Inpatient Psych experience ...

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All JobsOf Collections JobsDirector Of Collections JobsDirector Of Collections Jobs in Worcester, MA

Director Of Collections information

See Worcester, MA salary details

$57K

$101.2K

$164K

How much do director of collections jobs pay per year?

As of Aug 22, 2026, the average yearly pay for director of collections in Worcester, MA is $101,171.00, according to ZipRecruiter salary data. Most workers in this role earn between $80,000.00 and $110,500.00 per year, depending on experience, location, and employer.

What does a director of collections do?

A Director of Collections oversees the strategy, management, and performance of a company's collections department. They are responsible for developing and implementing policies to ensure the efficient recovery of outstanding debts while maintaining positive relationships with clients. This role typically involves leading a team of collections professionals, analyzing collection data, ensuring compliance with legal regulations, and collaborating with other departments to improve collection processes. The Director of Collections also establishes targets and monitors key performance indicators to optimize the department's effectiveness.

What are the key skills and qualifications needed to thrive as a director of collections?

To thrive as a Director of Collections, you need expertise in collections management, financial analysis, and compliance, often supported by a degree in finance or business and several years of supervisory experience. Familiarity with collection management software, CRM systems, and relevant legal regulations such as the Fair Debt Collection Practices Act is essential. Strong leadership, negotiation, and communication skills are critical for motivating teams and resolving complex account issues. These skills and qualifications ensure effective debt recovery, risk mitigation, and compliance while maintaining positive client relationships.

What are the primary challenges a director of collections faces when managing a large team?

A Director of Collections often encounters challenges such as motivating a diverse team to meet collection targets, implementing effective strategies for recovering overdue accounts, and ensuring compliance with all relevant regulations. Balancing the need for high collection rates with maintaining positive customer relationships is another common challenge. Additionally, directors must stay updated with industry trends and technology to optimize collection processes while providing ongoing training and support to their staff.

What is the difference between Director Of Collections vs Collections Manager?

AspectDirector Of CollectionsCollections Manager
Required CredentialsBachelor's degree, experience in collections, leadership skillsBachelor's degree, experience in collections, team management
Work EnvironmentStrategic planning, policy development, senior managementDay-to-day collections operations, team supervision
Employer & Industry UsageFinancial institutions, large corporationsBanks, credit companies, healthcare providers
Common Search & ComparisonHigher-level strategic roleOperational management role

The main difference between a Director Of Collections and a Collections Manager lies in their scope and responsibilities. The Director focuses on strategic planning, policy development, and overseeing the entire collections department at a senior level. In contrast, the Collections Manager handles daily operations, manages collections teams, and ensures targets are met. Both roles require relevant experience and credentials, but the Director's role is more strategic and leadership-oriented, while the Manager's role is more operational.

What are popular job titles related to Director Of Collections jobs in Worcester, MA?

For Director Of Collections jobs in Worcester, MA, the most frequently searched job titles are:

What job categories do people searching Director Of Collections jobs in Worcester, MA look for?

The top searched job categories for Director Of Collections jobs in Worcester, MA are:

What cities near Worcester, MA are hiring for Director Of Collections jobs?

Cities near Worcester, MA with the most Director Of Collections job openings:

Director Of Collections jobs near you
Infographic showing various Director Of Collections job openings in Worcester, MA as of August 2026, with employment types broken down into 87% Full Time, 10% Part Time, and 3% Contract. Highlights an 98% In-person, and 2% Remote job distribution, with an average salary of $100,807 per year, or $48.5 per hour.

Collections Manager

Hanscom Federal Credit Union

Littleton, MA • Hybrid

$81K - $101K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 17 days ago

Job description

It’s an exciting time to be at Hanscom Federal Credit Union! 

As a member of our Collections Department, you will join a dynamic team of purpose-driven individuals committed to delivering exceptional service to our members.

Who we are – Hanscom Federal Credit Union

  • Members-first – our members are our top priority. We make business decisions with our members at the top of mind.
  • Integrity – we’re honest and committed to doing what’s best for our members and our company. What is right isn’t the same as what is easy.
  • Teamwork – we are in this together and we all benefit from our success.
  • Innovation – we identify new ideas for processes or products that will lead to positive changes and take the initiative to implement the changes.
  • Empathy – we understand that communication starts by listening, understanding diverse perspectives, and caring about others’ sustained success.

What we offer

$81,380.62/annual to $101,725.78/annual

Compensation for this position will be determined based on the candidate's experience, skills, and qualifications. Final pay may vary depending on factors such as prior experience, expertise, and specific requirements of the role. We are committed to offering competitive compensation and will discuss the final pay rate with candidates should an offer be made.

  • A full-time, permanent position that will reward you through an annual bonus program.
  • Medical, Dental, Vision, FSA, 401(k), Student Loan Paydown, and paid Sick and Vacation time benefits.
  • A flexible hybrid work schedule environment.
  • We are committed to fostering career growth and development – when you join our organization it’s not just a job.
  • We look to develop your skills aligned to our business needs and help you progress in your career.

Who you are – Collections Manager  

You are a dynamic, detail-oriented, intuitive person with the ability to develop relationships, build rapport and become a trusted team member.  You are able to provide everyone you assist or support with a high level of service, have strong organization and multi-tasking skills, and are searching for a rewarding career where you are valued and respected.

What you'll do

  • Direct collection efforts for consumer, residential and commercial loan delinquency.
  • Develop collection strategies for early-stage, mid-stage, and late-stage delinquencies.
  • Monitor delinquency trends and implement proactive loss mitigation initiatives.
  • Oversee repossessions, bankruptcies, skip tracing, recoveries, and charge-off activities.
  • Ensure consistent application of hardship programs, payment arrangements, and settlement guidelines.
  • Oversee loss mitigation programs, repayment plans, loan modifications, forbearance agreements, and foreclosure alternatives.
  • Coordinate with legal counsel, foreclosure attorneys, investors, and other servicing vendors.
  • Monitor repossession and foreclosure timelines and minimize credit losses.
  • Evaluate borrower financial information and collateral positions for commercial loan workouts.
  • Recommend restructures, renewals, modifications, settlements, or legal actions.
  • Researches, responds and tracks member complaints related to Collections.
  • Create and updates policies and procedures.
  • Administrator for the collections software system. Monitors for any problems, issues or enhancements and verifies reliability.
  • Ensure adherence to Credit Union policies and internal controls.
  • Support internal audits, regulatory examinations, and external audits.
  • Prepare all weekly, monthly, and quarterly reports and present them to senior management.

Leadership & Management:

  • Lead, coach, and develop a high-performing collections team.
  • Set staff goals, monitor progress and direct the workflow of the department to ensure standards are met.
  • Establish performance expectations, productivity metrics, and service standards.
  • Conduct performance evaluations, employee development planning, and monthly 1:1s.
  • Foster a culture focused on member solutions, accountability, compliance, and continuous improvement.
  • Manage employee schedules as well as time off requests.

Knowledge/Skills/Experience Required: 

  • 5 - 8 years of progressive collections experience within a financial institution.
  • Minimum 3–5 years of management or supervisory experience.
  • Experience managing consumer, mortgage, and commercial collections.
  • Experience with bankruptcies, foreclosures, repossessions, commercial workouts, and loan modifications.
  • Experience with SBA workout and liquidation SOPs preferred.

PHYSICAL REQUIREMENTS
Is able to bend, sit, and stand in order to perform primarily sedentary work with limited physical exertion and occasional lifting of up to 10 lbs. Must be capable of climbing / descending stairs in an emergency situation. Must be able to operate routine office equipment including computer terminals and keyboards, telephones, copiers, facsimiles, and calculators. Must be able to routinely perform work on computer for an average of 6-8 hours per day, when necessary. Must be able to work extended hours or travel off site whenever required or requested by management. Must be capable of regular, reliable and timely attendance.

WORKING CONDITIONS
Must be able to routinely perform work indoors in climate-controlled shared work area with minimal noise.

MENTAL AND/OR EMOTIONAL REQUIREMENTS
Must be able to perform job functions independently or with limited supervision and work effectively either on own or as part of a team. Must be able to read and carry out various written instructions and follow oral instructions. Must be able to complete basic mathematical calculations, spell accurately, and understand computer basics. Must be able to speak clearly and deliver information in a logical and understandable sequence. Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public. Must be able to perform responsibilities with composure under the stress of deadlines / requirements for extreme accuracy and quality and/or fast pace. Must be able to effectively handle multiple, simultaneous, and changing priorities. Must be capable of exercising highest level of discretion on both internal and external confidential matters.

** Must be authorized to work in the US **

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