Credit and Collection Manager Job Description

October 1, 20110 Comments

Credit and collection manager job profile and description

The job of a credit and collection manager is to ensure and check whether company is receiving the money that others owe to it. He actually takes care of the records of money that has to take from all debtors in time. He has to keep track of all the clients who take goods and services on credit or on an installment basis and ensure that the company receives the dues in time. He communicates with clients and keeps records of their association with the company.

Credit and collection manager duties and responsibilities

The duties and responsibilities of a credit and collection manager are:

  • The manager has to take care and manage the records of the debtors of the company and about all the financial transactions that take place between them and the company which he or she is posted in.
  • He or she has to ensure that the creditors are paying on time and the company has received them.
  • He or she then has to inform the clients about the problem and in case of failure to pay he or she will have to  communicate with the clients by means of letters, emails or fax to make sure that clients receive the communication
  • He or she will have to go thoroughly through  the matter and make sure about the relations of the company with the clients he or she has to make  the transaction appealing for both the parties involved by following up with notes thanking the clients about the payment
  • He or she will have to maintain healthy communication with clients
  • He or she will also have to  train staff and new entrants for the job
  • He or she will have to ensure that no one will have the in convenience because of him or her and  all the credit records of the company are updated so that no client receives unnecessary dues
  • He or she should make the plans about the company g and execute collection methods

Credit and collection manager skills and specifications

The skills and specifications of a credit and collections manager are:

  • Candidate must have the most important requirement that is communication and negotiation skills
  • Candidate must have a very  good knowledge about accounting principles and bookkeeping
  • Candidate should have excellent writing skills as it is the job of communicating with the clients.
  • Candidate should have the quality of handling the difficult situation and has the ability to handle them with a cool mind and efficient manner
  • Candidate should have the ability of planning and skills of organization
  • Candidate should have the skills of analysis and observation to observe the records.
  • Candidate should have the quality of leadership so that he or she can work in a team.

 

Credit and collection manager education and qualification

  •  The most necessary requirement for the post is past experience of working in related domain Credit and collection manager minimum education and qualification is a bachelor degree in commerce, finance ,administration ,or in accounting

Credit and collection managers salary

The salary of a credit and collection manager is can be between $40,000 and $70,000 per year

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