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Title
Text copied to clipboard!Credit and Collections Manager
Description
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We are looking for a detail-oriented and experienced Credit and Collections Manager to join our team. The successful candidate will be responsible for overseeing our credit and collections department, ensuring that our company adheres to legal standards and in-house policies. You will be responsible for managing and protecting our receivables, evaluating new credit requests, ensuring timely payments of debts, and maintaining an up-to-date billing system. You will also be tasked with managing recovery and collection of overdue payments. The ideal candidate will have a strong background in credit management, excellent communication skills, and a keen eye for detail. This role requires a strong understanding of risk analysis, budgeting, and forecasting. You will also need to be able to work well under pressure and have excellent negotiation skills.
Responsibilities
Text copied to clipboard!- Oversee the entire credit and collections department
- Evaluate new credit requests
- Ensure timely payments of debts
- Maintain an up-to-date billing system
- Manage recovery and collection of overdue payments
- Adhere to legal standards and in-house policies
- Conduct risk analysis, budgeting, and forecasting
- Communicate with clients and build relationships
- Negotiate payment plans
- Prepare reports on the status of credit and collections
Requirements
Text copied to clipboard!- Bachelor's degree in Finance, Accounting, or related field
- Proven experience as a Credit and Collections Manager
- Strong understanding of lending procedures and laws
- Excellent communication and negotiation skills
- Ability to work well under pressure
- Strong analytical skills and attention to detail
- Proficiency in Microsoft Office and financial software
- Knowledge of billing procedures and collection techniques
- Familiarity with credit scoring systems and procedures
- Ability to handle confidential information
Potential interview questions
Text copied to clipboard!- Can you describe your experience with credit and collections management?
- How do you handle pressure and stressful situations?
- Can you discuss your experience with risk analysis and forecasting?
- How do you ensure compliance with laws and regulations in your work?
- Can you describe a time when you successfully negotiated a payment plan?