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)
Charter Oak Federal Credit Union is interested in hiring a Commercial Credit Manager. This is an excellent opportunity for a motivated individual to assume a role in the credit union’s commercial lending department. The successful candidate will be expected to assist the VP Business Lending Manager, Business Lenders and Chief Lending Officer by conducting in-depth financial analysis in assessing commercial businesses, collect and analyze information regarding the member’s income, assets, investments or debts, determine which credit structures best meet the member’s needs and financial circumstances, reviewing historical and projected data on member business loans/prospects and to use this information to prepare loan presentations for consideration. The Commercial Credit Manger will recommend approvals/denials for member business loans and help maintain credit quality through the ongoing analysis of the credit union’s existing loan portfolio, working closely with management to identify procedural issues and recommendation of corrective actions. The Commercial Credit Manager will participate in the promotion of a sales and service culture consistent with the credit union’s goal of exceeding expectations. This position will also manage, review and assist in training the credit analyst positions.
Candidates must have a minimum of 3 years of demonstrable commercial credit analysis experience with advanced educational background preferred. A bachelor's degree in finance or accounting is desired.
Candidates must possess excellent writing skills and be well versed in commercial credit analysis.
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0 Credit and Collections Director jobs found in New London, CT area