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Description
This position is responsible for managing all collection activities of the credit union, under the supervision of the SVP of Strategy. This includes minimizing risk/losses through the collection of delinquent loans, negative depository accounts, repossession/foreclosure, disposition of repossessed collateral, and the resolution of other forms of membership default. The individual in this position will know all aspects of collection strategies, collections' technology, regulatory compliance, best practices, and possess a team-building management style. The position is responsible for recovery activities and strategies related to charged-off deposits and loans. As a manager the expectation will be to learn, promote and use all aspects of technology of systems to develop efficiencies operationally for improved member service.
Requirements
Experience: Five to ten years of similar or related experience.
Education: (1) A two-year college degree, or (2) completion of a specialized certification or licensing, or (3) completion of specialized training courses conducted by vendors, or (4) job-specific skills acquired through an apprenticeship program.
Interpersonal Skills: Motivating or influencing others is a material part of the job. Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary and often requires the ability to influence and/or sell ideas or services to others. The role requires a significant level of trust or diplomacy.
Other Skills: Strong understanding of MS Office products Strong written and verbal communication skills
Physical Requirements: This position requires frequent bending, kneeling, and reaching at or below shoulder level. Some lifting is required (less than 50 pounds).
Work Environment: General office environment
Full Time
Banking
$90k-121k (estimate)
04/03/2024
06/02/2024
mtcfederal.com
GREENVILLE, SC
25 - 50
1976
Private
BILL LOVE
$5M - $10M
Banking
The job skills required for Collections Manager include Leadership, Bankruptcy, Verbal Communication, Coordination, Negotiating, Interviewing, 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.
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.