Credit and Collections Director leads the overall credit function. Designs and implements processes to improve cash flow and reduce receivables. Being a Credit and Collections Director develops policies regarding the investigation of customers, extension of credit lines, and collections. Consults with current and future clients regarding their level of credit. Additionally, Credit and Collections Director oversees the negotiation and course of action taken for overdue accounts. Typically requires a bachelor's degree. Typically reports to top management. The Credit and Collections Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. To be a Credit and Collections Director typically requires 5+ years of managerial experience. (Copyright 2024 Salary.com)
Job Description: This role will sit onsite through August and then transition to hybrid.
Job Summary
The Credit and Collections Specialist provides analytical support and coordination of credit and collection activities for both client's segments, including active and inactive residential and non-residential customers. Responsibilties include providing analysis and contributing to the coordination and management of active, inactive and uncollectible debt levels. Provide analytical support to the Credit and Collections department; lead, coordinate or contribute to updating and reviewing the uncollectible forecasts for the client.
Job Responsibilities
1. Understanding the client's regulations and ensure collection practices are in compliance with RI Code.
2. Benchmarking other utility and other industry practices to identify opportunities for improvements in RI’s processes.
3. Working closely with CCC Supervisors and Senior CSRs to support operational decisions, interpret policy, and oversee response to ad-hoc collection communication from customers.
4. Developing communication and training for Call Center and Field Services employees.
5. Responding to policy clarification requests from Call Center employees.
6. Developing and maintaining policy and process documentation
7. Maintaining visibility to field and CCC for immediate issue resolution during collections season
8. Maintaining and reviewing cash controls to monitor customer payment activity.
9. Monitoring payment agreements made by Call Center agents and Self-served by customer to ensure compliance with process.
10. Maintaining training materials for field collection.
11. Reviewing and approving training materials for Call Center employees.
12. Developing joint action plans with Call Center and Field Operations and conducting follow-up actions.
13. Managing yearly PUC requirements such as 4770 reporting, as well as monthly information requirements.
14. Physical presence in the office/on-site to engage in face-to-face interaction and coordination of work among co-workers.
Basic Qualifications
1. Bachelor’s Degree or a minimum 3 years experience in a collections environment,
2. Proficient in a Customer Information System.
3. Proficient in MS Office applications.
4. Working knowledge of RI credit and collection processes.
Preferred Qualifications
1. MBA
2. Excellent Oral and written communication and interpersonal skills.
3. Good business judgment.
4. Demonstrated experience in areas including regulatory, business operations, customer services, credit and collections
Job Type: Contract
Pay: $23.00 - $28.00 per hour
Expected hours: 40 per week
Weekly day range:
Work setting:
Ability to Relocate:
Work Location: Hybrid remote in North Kingstown, RI 02852
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