Director Of Credit And Collections

Overview

• Lead and oversee credit and collections operations, ensuring efficient processes and compliance with industry standards.
• Develop and implement strategies to optimize cash flow and mitigate financial risks effectively.
• Analyze financial data to identify trends and opportunities for improvement in credit management.
• Supervise and mentor a team, fostering professional growth and collaborative success.
• Collaborate with cross-functional teams to enhance financial systems and audit processes.
• Maintain strong relationships with clients, negotiating payment terms and resolving disputes effectively.
• Ensure adherence to regulatory requirements and industry best practices in all operations.
• Contribute to strategic planning and decision-making to support organizational goals.

Key Responsibilities & Duties

• Evaluate customer financial profiles and establish appropriate credit limits.
• Manage credit applications and oversee cash posting and reconciliation processes.
• Lead collections efforts to minimize overdue accounts and prevent bad debt.
• Design and implement policies to improve credit and collections efficiency.
• Analyze delinquent accounts and devise strategies for risk mitigation.
• Train and supervise team members, promoting a collaborative and productive environment.
• Collaborate with finance teams on audits, reconciliations, and compliance initiatives.
• Build and maintain positive client relationships, addressing payment concerns effectively.

Job Requirements

• Bachelor’s degree in finance, accounting, business administration, or a related field.
• Minimum of 5 years of experience in credit and collections management.
• At least 1 year of supervisory experience in a similar role.
• Proficiency in financial software and tools, with strong analytical capabilities.
• Excellent communication and interpersonal skills for team and client interactions.
• Ability to travel out-of-state 2-3 times per year as required.
• Empathetic leadership style with a hands-on approach to problem-solving.