Credit Collection manager
TÜV SÜD
Date: 7 hours ago
City: Al Khobar
Contract type: Full time
Description
Khobar
Open Positions
1
Skills Required
Collections Manager
Location
Al Khobar - Saudi Arabia
Years Of Exp
5 to 15 years
tags
Collections Manager
Posted On
1755088129000
- Oversee daily operations of the collections department, including hiring, training, and managing collectors.
- Evaluate creditworthiness of debtors and set appropriate credit limits.
- Monitor aging reports, especially bad and non-performing loans (NPLs), and proactively recommend strategies to prevent further deterioration of accounts.
- Develop and implement effective collection policies, procedures, and strategies to reduce bad debt.
- Contact delinquent customers; negotiate payment arrangements and amend repayment terms as necessary.
- Escalate complex cases, recommend legal action, and liaise with relevant legal bodies for settlements and litigation.
- Maintain thorough records of all collection actions, communications, and settlement agreements (skip tracing, repossession, charge-offs).
- Ensure compliance with state and federal collection laws (e.g., Fair Debt Collection Practices Act).
- Provide regular reports and performance metrics on bad debt and recovery efforts to senior management.
- Train, mentor, and motivate the collections team to meet collection targets and improve processes.
- Build relationships with external collection agencies and internal teams (sales. finance) to resolve disputes and
Khobar
Open Positions
1
Skills Required
Collections Manager
Location
Al Khobar - Saudi Arabia
Years Of Exp
5 to 15 years
tags
Collections Manager
Posted On
1755088129000
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