What are the responsibilities and job description for the Collections Coordinator position at iPROMOTEu?
Purpose
The Collections Coordinator identifies non-compliant activity, minimizes financial exposure with risk to iPROMOTEu and manages receivables to provide a consistent cash flow for iPROMOTEu’s Affiliates. The Collections Coordinator is an active member of the Accounts Receivable Team and helps others with daily tasks as needed.
Responsibilities
Collections Process
- Overseeing the AR team mailbox and researching/responding accordingly.
- Overseeing personal mailbox and researching/responding accordingly.
- Initiating friendly reminder emails.
- Negotiate payment plans with customer.
- Taking inbound calls via the AR phone loop
- Initiate outbound calls/emails for collection efforts.
- Oversee modules for pooled collections.
- Review aging to keep the credit limits and age limits with tolerable thresholds.
- Identify and escalate trends in Affiliate collected payments.
- Working with customers to ensure proper payment remittance.
Account Management
- Update account data.
- Complete vendor setup forms.
- Identify and correct problem invoices by following up with internal business partners.
- Assist cash applications by researching unapplied cash.
- Initiate customer refunds.
- Manage credit limits by reviewing and reducing iPROMOTEu/Affiliate risk.
- Manage Age limits by reviewing and reducing iPROMOTEu/Affiliate risk.
- Coordinate account disaffiliation activities across Operations/Finance team to ensure target dates are met.
- Apply credits and vouchers on account to open invoices as needed.
Fostering Relationships
- Prepare customer statements.
- Escalate any customer bankruptcy or legal issues to Legal services/current manager.
- Prepare and provide required information to Legal to send out Affiliate and customer demands.
- Maintain positive relationships with customers in an effort to minimize financial risk.
- Review late fee waiver requests, escalating to management when needed.
Captive Accounts
- Review all Affiliates who owe iPROMOTEu funds and reach out accordingly.
- Negotiate payment plans with Affiliates.
- Maintain positive relationships with Affiliates to ensure the highest level of service is provided.
- Identify and initiate commission deductions.
- Process credit card payments for captive balances.
- Apply credits and vouchers on captive accounts towards open balances.
Qualifications
Education/Experience:
- Associates Degree, preferred.
- At least three years of previous collection experience in a B2B environment preferred.
- At least two years of previous accounts receivable and customer service experience.
- Experience with Microsoft Office.
Knowledge/Skills/Abilities/Competencies
- Personal Leadership
- Agile & Adaptable: Responds to change and uncertainty with confidence and openness; seeks new experiences to develop skills; solicits and acts on feedback; learns from experiences; not afraid to take risks.
- Accountable: Accepts responsibility for one’s own performance and actions; follows through on commitment; assumes positive intent in others; treats others objectively and consistently; acts with integrity.
- Courageous: Confronts difficult issues objectively and supports others who do the same; champions new ideas; manages personal discomfort in difficult situations.
- Team Leadership
- Collaborate: Works effectively with others to meet goals and satisfy business objectives; develop and maintain strong relationships with internal/external partners; seek buy-in of stakeholders; deals with disagreements or different points of view in a constructive manner; maintains positive relationships even under difficult circumstances.
- Communicate Effectively: Listens attentively and with empathy to concerns of others; adjusts message to the audience; keeps people up to date with relevant information; speaks and writes clearly; encourages others to express views, even unpopular ones.
- Manage Talent: Willingly shares expertise and experience with others.
- Engage & Inspire Others: Conveys trust in people’s competence to do their jobs; creates a feeling of energy, excitement, and personal investment; inspires others to excel; recognizes performance that exceeds expectations.
- Thought Leadership
- Solves Problems: Seeks out and considers relevant data, intuition, ideas and experience to make decisions and solve problems; effectively and efficiently integrates information from diverse sources; thoughtfully considers alternative solutions and perspectives.
- Strategizes: Thinks critically; understands implications of decisions; shares ideas for improvement; sees how his/her works relates to the work of other teams in the organization as a whole; knows which people in the organization need to be informed, what they need to know, and when to tell them.
- Innovates: Generates new ideas that add value; nurtures fresh approaches and appropriate risk taking; seeks alternative points of view; approaches problems with curiosity and generates creative solutions.
- Results Leadership
- Manages Execution: Manage resources and time to achieve business objectives; prioritizes goals; works quickly to get things done.
- Drives for Results: Fosters a sense of urgency and commitment to achieve goals and create an Owner focused environment; takes initiative to proactively address critical issues; carefully considers compliance and regulatory obligations.
- Maximizes Productivity: Identifies ways to streamline and improve efficiency of work; ensures that defined processes, quality standards, and best practices are executed as designed.
Working Conditions
- Ability to sit for extended periods of time
- This position may work with some challenging customers
- Phone loop
Please note this job description is not designed to cover or contain a comprehensive listing of functions or responsibilities that are required of the employee for this job. Functions and responsibilities may change at any time with or without notice.