Credit Collection manager

TÜV SÜD


Date: 3 weeks ago
City: Al Khobar
Contract type: Full time
Description

  • 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

Department

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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