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Collections Manager
LogicMonitor Austin, TX
$95k-127k (estimate)
Full Time 2 Weeks Ago
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LogicMonitor is Hiring a Collections Manager Near Austin, TX

About Us:

We love going to work and think you should too. Our team is dedicated to trust, customer obsession, agility, and striving to be better everyday. These values serve as the foundation of our culture, guiding our actions and driving us towards excellence. We foster a culture of performance and recognition, allowing us to transform growth as we enable our employees to do the best work of their careers.

This position is located in Austin, TX, based in the vibrant San Jacinto Center downtown with breathtaking views of Lady Bird Lake. We call our offices Centers of Energy, because they serve as hubs where we accelerate productivity and collaboration, inspire creativity, and cultivate a culture of connection and celebration. Our teams coordinate their time in Centers of Energy to reflect how they work best.

LogicMonitor is proud to be an equal opportunity employer. We deeply care about our employees' well-being, fostering an environment where every individual is valued and respected. We celebrate the diversity of our team, and are committed to fostering a culture of inclusivity. Come as you are, be yourself, and let's grow together.

To learn more about life at LogicMonitor, check out our Careers Page.

What You'll Do:

LM Envision, LogicMonitor's leading hybrid observability platform powered by AI, helps modern enterprises gain operational visibility into and predictability across their IT stacks, so they can continue to deliver extraordinary employee and customer experiences. LogicMonitor has a layered approach to intelligence, where AI and Machine Learning is baked into every facet of the LM Envision platform to help IT teams improve efficiency, minimize alert fatigue, proactively predict trends, and maximize enterprise growth and transformation.

Our customers love LogicMonitor's ability to bring cloud and traditional IT together into one view, as seen in minimal churn rates, expansion business, and exciting new customer references. In fact, LogicMonitor has received the highest Net Promoter Score of any IT Infrastructure Management provider. LogicMonitor also boasts high employee satisfaction. We have been certified as a Great Place To Work®, and named one of BuiltIn's Best Places to Work for the sixth year in a row!

As a Collections Manager, you collaborate with internal and external stakeholders to resolve billing and payment issues, ensuring efficient receivables management. You lead in process enhancement, documentation, and reporting to optimize company-wide resources. In this role, you empower individuals to drive efficiencies and improvements, supporting various teams in accounts receivable, collections, and payment application. You play a pivotal role in LogicMonitor's growth acceleration by streamlining processes and maximizing results. As a Collections Manager, you'll create, own, and drive goals, gaining invaluable experience working alongside a dynamic team.

This position reports to the Senior Revenue Accounting Manager.

Here's a closer look at this key role:

  • Manage a portfolio of customer accounts to achieve company DSO goals.
  • Negotiate and establish payment arrangements with customers, while solving problems efficiently.
  • Research and resolve account receivable issues, collaborating with both customers and internal teams.
  • Provide training and ongoing support for the Shared Services team in collection outreach, payment application, and customer inquiries.
  • Take ownership of month-end reporting on AR activities, including AR Aging with updated collections notes and proposed write-offs.
  • Monitor internal and external communication channels to address inquiries promptly.
  • Collaborate with Sales and Customer Success teams to escalate delinquent accounts appropriately and forecast churn related to non-payment.
  • Partner with Sales and Deal Desk to assess creditworthiness of prospective customers.
  • Analyze payment trends to assist in monthly cash and collections forecasting.
  • Utilize customer payment portals (Ariba, Coupa, Bill.com) to ensure timely payments.
What You'll Need:
  • Bachelor's degree in Finance, Accounting, or Business Administration
  • 10 years of relevant Finance and/or Collections experience
  • Proficiency with finance operations applications such as Zuora, Zendesk, SFDC, Looker, or similar
  • Strong customer service skills with an empathetic and collaborative approach
  • Ability to work independently, handle time-sensitive requests, and take ownership in a fast-growing business environment
  • Excellent communication skills, attention to detail, and commitment to continuous learning and innovation.

Benefits:

At LM we believe that a total rewards package should be built with the whole person in mind, so we've designed a total rewards package that's almost as complex as you are. We want to support our employees to be healthy and happy!

Whether you're working from home or one of our Centers of Energy, US benefits for LMers include but are not limited to: unlimited vacation, health, vision, and dental insurance, robust parental leave, a 401K with company matching, a monthly Work Well reimbursement, Employee Equity Program, Professional Development funds, unlimited opportunities for growth, and more.
We are committed to our employees' physical and mental health, and offer various wellness programs (including a Calm membership for you and your family!) as part of our holistic approach to employee success.

For more information on our benefits and culture, visit https://www.logicmonitor.com/careers

Residents of California, click Here to view our California Applicant Privacy Notice.

Anticipated Application Close Date: 07/08/2024

#LI-SS1 #BI-Hybrid #LI-Hybrid

Job Summary

JOB TYPE

Full Time

SALARY

$95k-127k (estimate)

POST DATE

05/11/2024

EXPIRATION DATE

05/17/2024

WEBSITE

logicmonitor.com

HEADQUARTERS

AUSTIN, TX

SIZE

500 - 1,000

FOUNDED

2007

TYPE

Private

CEO

CHUCK DIETRICH

REVENUE

$50M - $200M

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About LogicMonitor

LogicMonitor is a cloud-based platform that offers performance monitoring solutions for businesses.

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The job skills required for Collections Manager include Accounts Receivable, Customer Service, Accounting, Problem Solving, Communication Skills, Attention to Detail, etc. Having related job skills and expertise will give you an advantage when applying to be a Collections Manager. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Collections Manager. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Collections Manager positions, which can be used as a reference in future career path planning. As a Collections Manager, it can be promoted into senior positions as a Credit and Collections Director that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Collections Manager. You can explore the career advancement for a Collections Manager below and select your interested title to get hiring information.

If you are interested in becoming a Collections Manager, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Collections Manager for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Collections Manager job description and responsibilities

CollectionsManagers monitors agents and oversee collections activities for the bill units assigned to them.

03/03/2022: Cincinnati, OH

Monitor the status of both automatic and manual actions defined by the collections scenario.

03/28/2022: Tuscaloosa, AL

Collections managers supervise the work of collections agents.

03/04/2022: Bergenfield, NJ

When a bill unit first enters a collections scenario, Collections Manager sets the first action's status to Pending and all other actions' status to Waiting For Dependents.

03/31/2022: Charleston, SC

Leading and developing the collections or accounts receivable team.

05/06/2022: Durham, NC

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Collections Manager jobs

Automatic actions are performed by Collections Manager.

04/01/2022: Boulder, CO

As a result, collections actions will begin after a lengthy period of nonpayment.

02/20/2022: Canton, OH

A collections manager oversees long term preservation for collections.

04/10/2022: Manchester, NH

Collections managers are busy drivers of the revenue function.

02/15/2022: Paramus, NJ

There are any number of different paths to becoming a successful collections manager today, but probably the most reliable begins with education and training.

02/21/2022: Pensacola, FL

Step 3: View the best colleges and universities for Collections Manager.

Florida Southern College
Colby College
Dartmouth College
University of Notre Dame
Western Washington University
Canisius College
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