Director Of Credit information
See Springfield, MA salary details
$102.9K is the 25th percentile. Wages below this are outliers.
$84.2K - $103.9K
26% of jobs
$103.9K - $123.5K
17% of jobs
The median wage is $132.6K / yr.
$123.5K - $143.2K
15% of jobs
$143.2K - $162.8K
13% of jobs
$173.3K is the 75th percentile. Wages above this are outliers.
$162.8K - $182.5K
8% of jobs
$182.5K - $202.2K
5% of jobs
$202.2K - $221.8K
4% of jobs
$221.8K - $241.5K
4% of jobs
$241.5K - $261.1K
3% of jobs
$261.1K - $280.8K
2% of jobs
$280.8K - $300.4K
2% of jobs
How much do director of credit jobs pay per year?
As of Sep 1, 2026, the average yearly pay for director of credit in Springfield, MA is $155,768.00, according to ZipRecruiter salary data. Most workers in this role earn between $104,100.00 and $187,300.00 per year, depending on experience, location, and employer.
To thrive as a Director of Credit, you need strong expertise in credit risk analysis, portfolio management, and a solid background in finance or accounting, often supported by a relevant degree and significant industry experience. Proficiency with credit management software, financial modeling tools, and familiarity with regulatory compliance systems is typically required. Leadership, decision-making, and effective communication are essential soft skills for managing teams and influencing organizational credit strategies. These skills and qualities are critical for mitigating risk, ensuring regulatory compliance, and supporting the financial health of the organization.
A Director of Credit works closely with departments such as sales, finance, and legal to assess and manage credit risk across the organization. They often partner with sales teams to establish customer credit terms, ensuring business growth aligns with risk appetite. Additionally, they collaborate with finance to monitor outstanding receivables and with legal to draft or review credit agreements and policies. This cross-functional teamwork is essential to maintain a balanced approach to risk management and revenue generation.
A director of credit oversees a company's credit policies, manages credit risk assessments, and supervises credit teams to ensure timely and accurate credit decisions. They analyze financial data, develop credit strategies, and ensure compliance with regulations to minimize financial losses.
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