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Title
Text copied to clipboard!Credit Collections Manager
Description
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We are looking for a Credit Collections Manager to lead and manage our credit and collections team. This role is critical in ensuring the financial health of our organization by overseeing the credit approval process, monitoring outstanding accounts, and implementing effective collection strategies. The ideal candidate will have a strong background in finance, excellent leadership skills, and a proven track record in managing credit and collections operations. As a Credit Collections Manager, you will work closely with various departments, including sales, finance, and customer service, to ensure a seamless credit and collections process. You will also be responsible for analyzing credit data, setting credit limits, and ensuring compliance with company policies and legal regulations. This position requires a proactive approach to problem-solving, excellent communication skills, and the ability to build strong relationships with both internal and external stakeholders. If you are passionate about financial management and have the expertise to drive results in credit and collections, we encourage you to apply.
Responsibilities
Text copied to clipboard!- Develop and implement credit and collections policies and procedures.
- Monitor and manage outstanding accounts to ensure timely payments.
- Analyze credit data and set appropriate credit limits for customers.
- Collaborate with sales and customer service teams to resolve payment issues.
- Prepare regular reports on credit and collections performance for senior management.
- Ensure compliance with company policies and legal regulations.
- Lead and mentor the credit and collections team to achieve departmental goals.
- Identify and mitigate risks related to credit and collections.
Requirements
Text copied to clipboard!- Bachelor's degree in finance, accounting, or a related field.
- Proven experience in credit and collections management.
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal abilities.
- Proficiency in financial software and tools.
- Knowledge of relevant legal regulations and compliance standards.
- Ability to lead and motivate a team.
- Attention to detail and a proactive approach to challenges.
Potential interview questions
Text copied to clipboard!- Can you describe your experience in managing credit and collections teams?
- How do you handle disputes or conflicts with customers regarding payments?
- What strategies have you implemented to improve collection rates?
- How do you ensure compliance with legal and company policies in credit management?
- Can you provide an example of a time you mitigated a significant credit risk?
