Collection Manager

2 weeks ago


Bengaluru, India Madhu Infotech India Pvt. Ltd. Full time
Collections Manager Job Description - Madhu Infotech India Pvt. Ltd.

Madhu Infotech India Pvt. Ltd. is seeking an experienced Collections Manager to lead our collections team and oversee the processes for minimizing outstanding debts. The Collections Manager will be responsible for ensuring the prompt and effective collection of overdue payments, negotiating extensions with clients.

As a key member of our finance team, the ideal candidate should possess strong analytical skills, excellent reporting abilities, and a deep understanding of collections laws and best practices. The Collections Manager will also be instrumental in optimizing debt recovery strategies and enhancing the overall performance of the collections department.

Key Responsibilities:
  • Supervise and manage the collections team to ensure accurate and timely invoicing of clients.
  • Establish and track payment collection goals, targets, and deadlines for the department.
  • Develop and implement effective strategies to enhance the collection of overdue payments.
  • Establish and enforce collection policies and procedures in line with company standards, state, and federal regulations.
  • Ensure adherence to the company's recovery policies, guaranteeing compliance with all legal requirements.
  • Create and enforce deadlines for invoicing and payment collection to streamline cash flow.
  • Handle negotiations with clients in cases of non-payment, finding mutually agreeable solutions.
  • Prepare and present monthly reports on collection performance and outstanding payments.
  • Stay updated on relevant legislative changes and best practices in debt collection procedures.
  • Provide training, guidance, and mentorship to the collections team to foster skill development and performance improvement.

Requirements:
  • Bachelor’s degree in finance, accounting, or a related discipline.
  • 7–12 years of experience in a collections management role, preferably in a similar industry.
  • Strong attention to detail with the ability to work independently and accurately.
  • Excellent written and verbal communication skills.
  • Strong analytical and problem-solving abilities.
  • Proven leadership and team management skills.
  • Ability to manage time effectively and meet strict deadlines.

If you are a dedicated professional with a proven track record in collections management, we invite you to join our dynamic team at Madhu Infotech India Pvt. Ltd. and help us ensure our continued growth and success.

hr@madhuinfotech.com


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