Debt Management Director Job Description

October 8, 20110 Comments

Debt Management Director Job Profile and Description

The debt management director supposed to manage and oversee the loan as well as the collateralized assets. They are basically employed by the companies with an extensive loan exposure to oversee that with the objective of ensuring prompt payment with the least added servicing cost to the company.  The person needs to work with the team to protect the assets with the necessary managerial skills.

Debt Management Director Duties and Responsibilities

There a wide range of responsibilities to fulfill by a debt management director and here are some of them as follows:

  • He or she has to liaise with the lead commercial banks or creditors for the best rates.
  • He or she needs to assist the President and CEO along with the CFO in negotiating for syndicated loans
  • He or she has to review timely and work closely with Asset Accounting to ensure that collateralized assets are correctly booked
  • He or she has to present consolidate report to the management therefore it is necessary to produce the right asset and liabilities statement balanced.
  • It will be needed to ensure that all corporate debt instruments are properly accounted
  • He or she has to be ensure about the books of the company so will have to monitor loan and interest repayments for  ensuring that any inflation or currency fluctuations are correctly booked.
  • He or she has to review the work of the new officers who are assigned to manage and control the specific tasks to ensure they perform their task as mandated.
  • It will be the duty to update and upgrade management and stakeholders with regular debt situation updates

Debt Management Director Skills and Specifications

The skills and specifications required in a candidate to do the job are as follows with the required attributes:

  • The candidate needs to have exceptional communication skills and should be verbally fluent.
  • He or she must have diplomatic, negotiation and interpersonal skills to deal with creditors and bank executives
  • The candidate should have multi tasking abilities to handle the work load.
  • He or she must exhibit strong organizational, analytical and problem solving skills

Debt Management Director Education and Qualifications

  • The basic degree required for the job is a BS degree in accountancy and a degree of CPA
  • The candidate having the Master’s degree in accountancy will be preferred for the job.
  • The most important requirement for the job is 5-8 years of prior working experience in managing corporate debts and collateralized assets

Debt Management Director Salary

The salary actually depends up on the size and volume of debt exposures of the company or industry and nature as well.

  • The annual salary of a debt Management Director ranges from about $58,500 to a high of $85,000

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