21 Aug
|
Recognized
|
Bengaluru
21 Aug
Recognized
Bengaluru
This role is for one of the Weekday's clients
Salary range: Rs 600000 - Rs 1200000 (ie INR 6-12 LPA)
Min Experience: 5 years
Location: Bengaluru
JobType: full time
Key Responsibilities
Collections Strategy & Execution
- Develop and implement effective strategies to improve collection efficiency and reduce Days Sales Outstanding (DSO).
- Design tailored collection approaches for different customer segments, including new clients, high-risk accounts, and strategic partners.
- Deliver on collection targets and recovery goals set by the management team.
- Continuously evaluate and enhance collection processes to ensure operational efficiency, customer satisfaction, and timely payments.
- Leverage technology solutions such as automated reminders, CRM tools, and workflow automation to streamline collection activities.
- Monitor and assess buyer credit risk and implement proactive measures to minimize defaults.
Team Leadership
- Lead, hire, train, and mentor a team of Collections Specialists.
- Set clear performance goals, provide regular coaching, and ensure consistent team productivity.
- Handle escalated or complex customer cases with professionalism, speed, and strategic judgment.
Risk Management & Issue Resolution
- Manage high-risk or complicated accounts and oversee end-to-end resolution to minimize overdue balances and potential write-offs.
- Collaborate with Sales, Customer Success,
and Finance teams to resolve disputes, payment delays, and account-related issues.
- Oversee legal recovery procedures when required, working closely with internal legal teams, courts, and external recovery agencies.
- Build and manage relationships with third-party debt collection partners when needed.
Performance Tracking & Reporting
- Analyze collections data to track performance, identify trends, and forecast future collection needs.
- Prepare and present reports on recovery rates, write-offs, credit risk, aging, and other financial metrics to senior leadership.
- Oversee daily cash application to ensure accurate and timely posting of payments.
Compliance & Audit Support
- Ensure adherence to internal controls, company policies, and regulatory guidelines.
- Support audits by providing required documentation, data, and insights.
Required Skills & Abilities
- Demonstrated leadership experience managing finance or collections teams.
- Strong analytical and problem-solving ability, with proficiency in Microsoft Excel.
- Excellent communication, negotiation, and interpersonal skills.
- Experience with financial systems (Workday Financials preferred).
- Track record of driving process improvements and managing organizational change.
- High attention to detail and strong organizational skills.
📌 B Debt Collection Manager (Bengaluru)
🏢 Recognized
📍 Bengaluru