Job Description:
A Collection Manager in Workafella is responsible for managing the financial aspects of the business, including accounts receivable and collections.
Responsibilities:
1. Managing Accounts Receivable: Collection Manager will closely work with Accounts department & manage the accounts receivable for co-working business. This includes creating and sending invoices to clients and ensuring that payments are received on time. Should also implement deadlines for invoicing and payment collection.
2. Collections: The Collection Manager is responsible for collections, which includes contacting clients who have overdue payments and working with them to creating and implementing a strategy to improve the collection of outstanding credit. Setting payment collection goals and targets for the department.
3. Financial Reporting: The Collection Manager is responsible for preparing financial reports related to accounts receivable and collections. This includes analyzing data to identify trends and making recommendations for improving the collection process, preparing monthly feedback reports on payment collections.
4. Client Relations: The Collection Manager must maintain positive relationships with clients while still ensuring timely payment. This involves working with clients to address any billing concerns and negotiating with customers in cases when non-payment occurs
5. Compliance: Ensuring that the company policy on recoveries is followed and that it is in line with state and federal regulations. Implementing collection policies and procedures to avoid excessive outstanding credit.
Qualifications:
1. Bachelor's or Masters degree in Receivable Management, Finance or Accounting.
2. Experience in collections and accounts receivable management.
3. Strong analytical and problem-solving skills.
4. Excellent communication and negotiation skills.
5. Attention to detail and accuracy.
6. Ability to work independently and as part of a team.
7. Familiarity with accounting software and Microsoft Office Suite.
Skills: Problem Solving, Negotiation, Compliance, Accounts Receivable, Client Relations, Financial Reporting, Attention To Detail, Analytical, Accounting Software, Communication, Microsoft Office Suite, Collections
Experience: 0.00-2.00 Years