Credit And Collections Manager - (Copy)

Overview: We are in search of a meticulous and strategic Credit and Collections Manager to lead our dynamic team. This role demands an individual with a solid background in credit management and debt collections, equipped with superior communication skills and a proven leadership ability. The successful candidate will spearhead the development and execution of comprehensive strategies aimed at managing and recovering outstanding accounts receivables. Key Responsibilities: Credit Management: Formulate and enforce credit policies and procedures to assess customer creditworthiness and mitigate potential financial losses. Analyze financial documents and credit histories to gauge the fiscal reliability of both prospective and existing clientele. Set and adjust credit limits and payment conditions, reflecting each customer's financial standing and transaction history. Engage directly with customers to address credit concerns and amicably settle disputes. Liaise with sales, customer service, and third-party logistics providers to streamline credit operations. Maintain current knowledge of industry standards and innovations in credit risk management. Generate and present detailed credit reports to executive management. Evaluate order shipments against established credit restrictions. Collections: Craft and apply robust collection strategies to optimize debt recovery, while preserving strong customer relations. Lead and enhance the performance of both in-house and outsourced collections teams. Assess and strategize on delinquent accounts, deciding on the most effective recovery approach within legal and corporate guidelines. Negotiate with debtors to establish feasible payment arrangements or settlements. Keep precise and comprehensive records of all collections efforts, upholding adherence to legal standards and company policies. Work collaboratively with various departments and external parties to resolve complex debt issues. Stay abreast of new developments in debt collection tactics and technologies, incorporating these into existing practices to boost efficiency and outcomes. Produce and analyze accounts receivable reports, identifying underlying causes of overdue payments and providing actionable insights to management. Foster and manage relationships with third-party logistics, external agencies, and legal counsel. Propose calculations for allowances for doubtful accounts and expected credit losses. Essential Skills: In-depth understanding of credit and collections regulations and practices. Exceptional negotiation skills with a track record of persuasively addressing and resolving outstanding debts. Leadership prowess, with a history of motivating teams to meet or exceed their goals. Highly organized and adept at juggling multiple tasks with keen attention to detail. Analytical acumen, capable of interpreting data to inform decision-making. Creative problem-solving skills, with a flair for devising innovative solutions to collections challenges. Strong interpersonal abilities, adept at cultivating positive relationships across a broad spectrum of stakeholders. Qualifications: A Bachelor's degree in Business Administration, Finance, or a related field is preferred. At least 3-5 years of experience in credit and collections, with a preference for those with management experience. Familiarity with legalities surrounding collections, including adherence to fair debt collection practices. Experience with SAP is beneficial but not required. A consistent history of achieving or surpassing collections targets. Proficient in financial analysis and credit evaluation. Advanced competency in Microsoft Office applications.

Created: 2024-11-05