A person working as a Credit Administrator in will on average earn $53071 per year (pre-tax value). Salary is provided in USD ($/dollar) value.
Below is a break-down of yearly, monthly, weekly and hourly rate.
| Rate Type | Amount (USD) |
|---|---|
| Yearly salary | $53,071.00 |
| Weekly salary | $1,020.60 |
| Daily salary | $145.40 |
| Hourly salary | $18.18 |
This means credit administrator salary is above average!
Job Industry: finance
Description: A credit administrator is responsible for managing and overseeing the credit and lending activities of an organization. They play a crucial role in evaluating and analyzing credit applications, assessing the creditworthiness of customers, and determining appropriate credit limits. Additionally, credit administrators monitor and review credit accounts to ensure compliance with company policies and procedures, as well as industry regulations. They also handle collections and manage delinquent accounts, working closely with customers to develop repayment plans and resolve any issues. Strong analytical skills, attention to detail, and knowledge of financial principles are essential for this role. Effective communication and negotiation skills are also important for building relationships with customers and collaborating with internal teams. Overall, credit administrators play a vital role in maintaining the financial health of an organization by managing credit risks and ensuring timely payments.
Tagged with: credit management, financial analysis, risk assessment, creditworthiness evaluation, collections management, customer relationship management