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Credit and Collections Analyst in Chicago, IL

Credit and Collections Analyst Job Description

Credit and collections analyst positions can be entry-level, although many firms seek up to several years of experience. Candidates should have excellent customer service, negotiation, communication and analytics skills. A bachelor’s or associate degree in accounting or a related area is preferred but not always required.

Typical credit/collections analyst duties:

Creating and maintaining credit history filesAnalyzing and assessing the creditworthiness of accounts and clients using external credit risk management tools and reportsManaging the collection efforts and calls for accounts receivable portfolioDocumenting daily collections activityResearching account disputes and billing discrepanciesPerforming account and payment reconciliationsResponding to credit inquiries from external and internal clientsIdentifying delinquent accounts requiring external collection effortsIdentifying bad debt or financial exposure

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Salary for Credit and Collections Analyst in Chicago, IL
72500 - 94375
Low
72500
The candidate is new to the role or has limited experience and is building necessary skills.
Mid
83438
The candidate has moderate experience in the role, meets most requirements or has equivalent transferable skills, and may also have relevant certifications.
High
94375
The candidate has extensive experience and advanced skills for the role, and may also have specialized certifications.
Projected salaries for related positions Job title Low Mid High Accounts Receivable Manager 89688 102500 126875 Accounts Receivable Analyst 73750 83438 91563 Accounts Receivable Specialist 68438 75313 82188 Accounts Receivable Clerk 55000 64375 72500 Accounts Payable Manager 86563 102188 126250 Accounts Payable Analyst 71875 77813 86563 Accounts Payable Specialist 64688 70625 79063 Accounts Payable Clerk 54063 61563 68438 Billing Manager/Supervisor 74375 90000 111875 Billing Specialist 55000 63438 73750 Billing Clerk 52813 59063 65625 Full Charge Bookkeeper 78750 88750 103125 Bookkeeper 68750 78438 87500 Credit Manager/Supervisor 100313 117813 137813 Credit and Collections Specialist 60000 71250 85938 Purchasing Manager 83750 102188 119688 Purchasing Assistant 53125 60313 70000 Inventory Analyst 60000 75625 89688 Inventory Clerk 49375 55625 67813

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Our starting salary projections come from a rigorous, multistep process so that our numbers accurately reflect the marketplace. They are based on actual compensation for professionals Robert Half has matched with employers across the country and third-party job posting data from Textkernel that we use to independently validate the salary levels. Starting compensation—pay for someone new to a role—can vary significantly based on a candidate’s skills, experience and certifications, as well as other factors including industry, company size and revenue, and demand for the role. To reflect this variability, we report our salary data in three levels: low, mid and high.