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Credit Manager in Toronto, ON

Credit Manager Job Description

Credit Managers in Canada manage credit risks and ensure the timely collection of payments from customers. This role is responsible for developing and implementing credit policies, analyzing customer creditworthiness, and overseeing the entire credit and collections process. The Credit Manager balances risk mitigation with supporting sales growth, ensuring sound financial decisions. A Bachelor's Degree in Finance, Accounting, Business Administration, or a related field is essential, with relevant certifications (e.g., CCP - Certified Credit Professional) often preferred. A deep understanding of Canadian credit laws, bankruptcy regulations, and industry-specific credit practices is paramount.

Typical credit manager duties:

Develop, implement, and enforce credit policies and procedures to manage risk effectively.Conduct comprehensive credit assessments of new and existing customers.Oversee the collections team and manage strategies for timely recovery of accounts receivable.Monitor accounts receivable aging and bad debt reserves, providing regular reports to management.Negotiate payment terms, manage credit limits, and resolve complex collection issues.Collaborate with sales, finance, and legal teams to support customer relationships and resolve disputes.Ensure compliance with all internal policies and Canadian credit and privacy regulations.Implement and manage credit management software and tools to enhance efficiency.

Looking for a credit manager or a credit manager job?

Request candidates now and a specialized recruiter will typically contact you within one business day to discuss your staffing needs and help you hire a credit manager.Search credit manager openings and apply now or submit your resume to be considered for opportunities that match your experience.

Salary for Credit Manager in Toronto, ON

90720 - 126360

Low
90720
The candidate is new to the role or has limited experience and is still developing core skills.
Mid
107730
The candidate has moderate experience in the role or one similar, meets most requirements and may hold transferable skills or relevant certifications.
High
126360
The candidate has extensive experience in the role, demonstrates advanced skills and often brings specialized certifications or industry experience.

Projected salaries for related positions

 Job title Low Mid High Director of Payroll 125820 141750 160110 Payroll Manager 96390 117180 129870 Payroll Specialist 73980 85050 98280 Payroll Administrator 63990 75870 83970 Collections/Credit Analyst 59670 70740 83160 Collections/Credit Specialist 56700 64800 72630 Bookkeeper 62370 76950 86130 AR/AP Accountant 72900 93420 106650 AR/AP Clerk 52380 61830 68850 Accounting Clerk 51570 58590 65070 Billing Clerk 49410 55890 65070 Inventory Analyst 57510 71010 82620

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More to explore

2027 Canada Salary Guide Explore the latest data for roles in 6 professional fields and know what you should pay or earn in local and national markets.
Demand for Skilled Talent Check out our Demand for Skilled Talent report to learn about employers’ hiring plans and needs.
Labour Market Overview Stay on top of Robert Half and Statistics Canada job posting data to learn about today’s hiring market.
Pay and Compensation Highlights Dive deeper into salary and total compensation trends across a range of professional roles and industries.
The salary benchmarks in the Canada Salary Guide From Robert Half are the result of a rigorous, multistep process designed to reflect projected market trends for 2027. They are based on actual compensation for professionals Robert Half has placed nationwide, along with third-party job posting data from Textkernel that we use for independent validation. Learn more about our methodology.
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