- 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.
- 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.
- 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.
- 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.
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Credit And Collections Manager - Englewood, United States - Hire Point Recruiting
Description
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:
