Also referred to as: Account Settlement and Recovery Manager - Consumer Loans, Collection/Recovery Manager, Loan/Bad Debt Recovery Manager
Requirements and Responsibilities

Consumer Loan Collection Recovery Manager manages a team of collection recovery representatives. Develops collection strategies, analyzes delinquency data, and identifies process improvements. Being a Consumer Loan Collection Recovery Manager sets and monitors collection targets. Oversees the collection recovery process to ensure adherence with organizational guidelines and compliance with state and federal laws and regulations. Additionally, Consumer Loan Collection Recovery Manager typically works for third-party debt collection agency. May require a bachelor's degree. Typically reports to a director. The Consumer Loan Collection Recovery Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Consumer Loan Collection Recovery Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes.

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