Collections Team Lead
2 weeks ago
Key Responsibilities
- Strategy & Planning
- Develop and implement effective collection strategies to maximize recovery rates.
- Set departmental goals and KPIs aligned with business objectives.
- Team Management
- Recruit, train, and lead a team of collection agents and supervisors.
- Monitor team performance and provide coaching for continuous improvement.
- Operations
- Oversee daily collection activities and ensure adherence to company policies and legal regulations.
- Handle escalations and negotiate payment plans or settlements with customers.
- Compliance
- Ensure all collection efforts comply with state, federal, and client-specific regulations.
- Conduct regular audits to maintain process integrity.
- Reporting
- Prepare and present reports on collection performance, aging analysis, and recovery trends.
- Analyze data to identify gaps and implement corrective actions.
- Stakeholder Management
- Collaborate with internal teams (Finance, Customer Service) and external clients to resolve disputes.
- Communicate progress and challenges to senior management and clients.
- Required Qualifications
- Bachelor's degree in Finance, Business Administration, or related field.
- 5+ years of experience in collections or accounts receivable management (preferably in BPO).
- Strong knowledge of regulatory compliance in collections.
Proven leadership and team management skills.
Preferred Skills
- Proficiency in MS Excel, reporting tools, and collections software.
- Excellent negotiation, communication, and problem-solving skills.
- Ability to work under pressure and meet strict deadlines.
- Key Competencies
- Analytical thinking
- Process optimization
- Stakeholder communication
- Risk management
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