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2 weeks ago
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Collections Manager

Fairmoney

Job Summary

Responsible for the management and development of the collections teams ensuring that each area within the department meets its KPIs and ensures compliance with all company policies and procedures

  • Minimum Qualification : Bachelors
  • Experience Level : Senior level
  • Experience Length : 6 years

Job Description/Requirements

  • Responsible for the management and development of the collections teams ensuring that each area within the department meets its KPIs and ensures compliance with all company policies and procedures
  • Ensure that robust collection procedures are in place with a specific focus on reducing
    overdue debt & improving cash receipts delivering a seamless end-to-end process for
    the customer
  • To lead and implement strategic initiatives linked to FairMoney corporate objectives in
    order to ensure continuous improvement and best practice
  • Responsible for ensuring that the headcount and departmental operating costs are
    within budget and that costs are well controlled.
  • Lead, motivate and organise personnel to adhere to FairMoney core values and deliver
    a high level of staff engagement
  • Work with other areas to ensure alignment of structure, process and procedure,
    sharing best practices and driving continuous improvement
  • Introduce/maintain high levels of process automation to reduce costs and increase the
    speed & timeliness of transactional processing
  • Ensure all staff are properly trained and have appropriate resources available to be
    successful in their roles
  • Instigate legal proceedings against delinquent debtors and ensure management of
    associated costs
  • Direct involvement in the recruitment, selection induction and ongoing skills
    development for all direct reports, ensuring we attract and retain the best talent.
  • Line management responsibility for Managers and Team Leads.
  • Undertake formal performance reviews and 1:1 meetings with direct reports against
    KPIs.
  • Apply a process of continuous review and proactive management of absenteeism and
    attrition across all Teams taking appropriate action where necessary.
  • Management of any campaign migration or new business implementation.
  • Overall accountability for training, development and mentoring of direct reports to
    provide opportunities for skills expansion and career development.
  • Facilitate a culture of open and honest 2-way communication ensuring key messages
    are cascaded.
  • Ensure call monitoring is undertaken and reported monthly across representative
    samples of all transaction types and appropriate action is taken to correct any shortfall.
  • Management of any operations escalations relating to the Operational team's
    performance.
  • Preparing, analyzing and presenting data to the Ops Head as part of weekly and
    monthly performance reviews.
  • Ensure forecasts and work schedules are accurately completed using relevant data
    information and scheduling tool.
  • Initiate the review of the collection strategy manual and queuing criteria on a quarterly
    basis or as business requires.
  • Initiate a review of the Collections Procedures Quarterly or as business requires.
  • Agency appointment and supervision. Coordinates the activities of the external agent
    which include but is not limited to engagement, a compilation of cases, a review of
    performance and periodic reports
  • Monitor and ensure that the external collectors adhere to the Code of Conduct. Ensure
    all customer payments are acknowledged by receipts and final discharge when
    resolved.

Requirements


  • Bachelor's degree in finance, accounting, or a related field.
  • 6-8 years experience as a collections manager.
  • Experience with accounting software.
  • 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.

Recruitment Process

  • Screening call with Recruiter: 30 minutes
  • Interview with Cluster Collections Head
  • Interview with Global Head of Operations


Benefits

● Screening call with Recruiter: 30 minutes

● Interview with the Head of Corporate Development

● Case study & Panel discussion

● Interview with the CEO












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