Operations Spec Collections Salary in Kentucky

Operations Specialist Collections - Average Salary $45,499

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Credit and Collections Operations Supervisor - Average Salary $66,600

The Credit and Collections Operations Supervisor oversees the processing and verification of applications for credit and the solicitation for payment on overdue accounts. Responsible for the activities and operations in the credit and collections department. Being a Credit and Collections Operations Supervisor ensures collectors follow all protocols, laws and regulations to collect payments efficiently. Investigates credit issues and suggests payment options to be approved. In addition, Credit and Collections Operations Supervisor may require a bachelor's degree. Typically reports to a manager. The Credit and Collections Operations Supervisor supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes. Contributes to the development of processes and procedures. Thorough knowledge of functional area under supervision. Working as a Credit and Collections Operations Supervisor typically requires 3 years experience in the related area as an individual contributor.

Director Credit and Collections Operations - Average Salary $149,800

The Director Credit and Collections Operations designs and implements processes to improve cash flow and reduce receivables. Leads the overall credit function. Being a Director Credit and Collections Operations consults with current and future clients regarding their level of credit. Develops policies regarding the investigation of customers, extension of credit lines, and collections. In addition, Director Credit and Collections Operations oversees the negotiation and course of action taken for overdue accounts. Typically requires a bachelor's degree. Typically reports to top management. The Director Credit and Collections Operations 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. Working as a Director Credit and Collections Operations typically requires 5+ years of managerial experience.

Credit and Collections Operations Manager - Average Salary $102,900

The Credit and Collections Operations Manager oversees investigation of credit risk in customers and suppliers and advises on course of action for credit applications. Develops and administers credit and collection programs. Being a Credit and Collections Operations Manager monitors and negotiates the collection of overdue accounts. Designs and implements processes to improve cash flow and reduce receivables. In addition, Credit and Collections Operations Manager monitors credit and collection processes and operations; makes recommendations on opportunities for improvement. Requires a bachelor's degree. Typically reports to top management. The Credit and Collections Operations 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. Working as a Credit and Collections Operations 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.

Collections Supervisor - Average Salary $62,682

Supervises the day-to-day process and operations involved with collections on overdue/delinquent accounts. Reviews and develops policies and procedures and ensures compliance. Initiates demand letters, outbound calls, and handles escalated calls. Monitors collections activities for quality. Ensures that production targets are achieved. May require a bachelor's degree. Typically reports to a manager. Supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes. Contributes to the development of processes and procedures. Typically requires 3 years experience in the related area as an individual contributor. Thorough knowledge of functional area under supervision.