REGIONAL COLLECTION MANAGER
Location
Visakhapatnam | India
Job description
Muthoot Finance Ltd is looking for REGIONAL COLLECTION MANAGER to join our dynamic team and embark on a rewarding career journey
- The Regional Collection Manager is responsible for leading and managing the collections team within a designated region
- This role involves developing and implementing effective collection strategies, monitoring team performance, and collaborating with internal stakeholders to optimize the cash flow of the organization
Key Responsibilities:
- Strategy Development:Develop and implement regional collection strategies to optimize cash flow and reduce outstanding receivables
- Analyze market trends, customer behaviors, and industry best practices to refine collection processes
- Team Leadership:Recruit, train, and mentor collection staff within the region
- Set performance targets and provide regular feedback to ensure the team meets or exceeds collection goals
- Foster a positive and collaborative work environment
- Portfolio Analysis:Conduct regular analysis of the accounts receivable portfolio to identify high-risk accounts and implement appropriate collection strategies
- Work closely with credit analysts to assess creditworthiness of clients and set credit limits
- Client Relationship Management:Collaborate with sales and customer service teams to resolve client issues and disputes
- Build and maintain positive relationships with clients to facilitate the collections process
- Reporting and Analysis:Prepare and present regular reports on collection performance, including aging reports and key performance indicators
- Utilize data and analytics to identify trends, areas for improvement, and opportunities to enhance collection efficiency
- Compliance:Stay updated on relevant laws and regulations governing collections practices within the region
- Ensure that all collection activities comply with legal and ethical standards
- Process Improvement:Continuously assess and improve collection processes to enhance efficiency and effectiveness
- Implement technology and tools to streamline collection workflows
Job tags
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