Area Collection Manager

AREA COLLECTION MANAGER Role Profile AREA COLLECTION MANAGER ROLE SPECIFICATION Role Title-- AREA COLLECTION MANAGER Employee Interviewed Reports To CLUSTER COLLECTION MANAGER Company Muthoot FinCorp Ltd-SULB Function/Department COLLECTION Written By Approved By (Jobholder) Approved By (Immediate Superior) Date (Written On) ROLE SUMMARY Area Collection Managers oversee the financial collection department of a company and are responsible for the Branch Portfolio and the timely receiving of payment. ORGANIZATIONAL CHART KEY RESPONSIBILITIES Role and Responsibility Overseeing staff members and ensuring the accurate and timely invoicing of customers. Setting payment collection goals and targets for the department. Creating and implementing a strategy to improve the collection of outstanding credit. Implementing collection policies and procedures to avoid excessive outstanding credit. Ensuring that the company policy on recoveries is followed and that it is in line with state and federal regulations. Implementing deadlines for invoicing and payment collection. Negotiating with customers in cases when non-payment occurs. Preparing monthly feedback reports on payment collections. Remaining informed of any legislative procedural training regarding debt collection. Training and mentoring of staff members in the collections department. KEY INTERACTIONS Internal Stakeholders External Stakeholders Business Legal Operation Risk Field Technical Team Audit Risk, Compliance Customers Insurance Providers Regulatory Authorities Referral Sources KEY CHALLENGES Lack of current contact information. Disjoint communications. Lack of self-served solutions. Meeting compliance requirements. Lack of automation. Providing secure communications KEY SKILLS & BEHAVIOURAL ATTRIBUTES Experience with accounting software such as Quickbooks and General Ledger and advanced knowledge of MS Excel. The ability to work accurately and independently. Good verbal and written communication skills. Excellent analytical skills and an eye for detail. Outstanding leadership and managerial skills. Strong time and people management skills. Ability to work to strict deadlines. EDUCATION / EXPERIENCE Bachelors degree in finance, accounting, or a related field. 3 - 5 years experience as a collections manager.It is a Full Time Accountant job for candidates with 3 - 5 years of experience.More about this Area Collection Manager jobPlease go through the FAQs to get all answers related to the given Area Collection Manager jobWhat are the eligibility criteria for this Area Collection Manager job Ans : Candidates should have All Education levels with 3-5 years of experience for this Area Collection Manager job offered by Muthoot Fincorp Limited in Chithode, Erode. What salary is offered for this Area Collection Manager job Ans : Salary details will be shared during the hiring process. What shift and timings does this job follow Ans : This Area Collection Manager job follows a Day shift. Do you need to visit the office for this job Ans : Yes, candidates need to visit the office and work from the location in Chithode, Erode. How many vacancies are there for this Area Collection Manager job Ans : There is 1 vacancy for this Area Collection Manager role. Is this job open for all genders Ans : Yes, this Area Collection Manager job is open for both male and female candidates. What is the job location for this position Ans : The job location for this Area Collection Manager position is Chithode, Erode. What makes this Area Collection Manager job a good opportunity Ans : The employer has not disclosed the salary for this role, but it is a Full Time opportunity with 1 opening.