Summary
Date Posted: Thursday, April 07, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Collections Manager

Job Summary
The Collections Manager’s responsibilities will include ensuring compliance to the credit processes through payroll bookings, ensuring customer performance by having strong relationship with payroll managers in institutions. Following up on arrears using soft collections skills, ensuring the Fair Debt Collections Act is complied with when it comes to arrears and customer management. Performance will be tracked using non-performing loan metrics, Portfolio at Risk (PAR), Debtors ageing schedules.

Principal Accountabilities
• To ensure booking of customer deductions as part of the credit appraisal process for both buyoffs and straight loans: i.e. to prepare deduction sheets and book loans with employer payroll.
• To create and maintain string relationships with payroll managers within various employers and institutions
• Maintain records of loan collections for various clients and collections status for the portfolio
• Generation of monthly reports as part of the business review cycle
• Monitor all the active accounts disbursed monthly and ensure collection efficiency.
• Upload all client deductions into their respective individual accounts.
• Gather intelligence information in the field and professional networks and payroll staff to mitigate risk of fraud and inform management on issuance of good loans.
• Gather market trends and intelligence on new trends and products in the market to ensure business continuity.
• Follow up payments from employers to ensure timely payments
• Ensure all lending procedures comply with regulations
• Develop, review, and update the company’s collection policy

Minimum Requirements
• Proven work experience as a Collections Manager, Collections Analyst or similar role
• Hands-on experience with MS Office & Loan Management Systems
• Solid understanding of lending procedures
• Excellent analytical skills, with the ability to create and process financial spreadsheets
• Strong negotiation skills
• Academic Qualification in Accounting, Economics, Banking and Finance or relevant field
Interested candidates who meet the above requirements can submit their application on or before 17th April 2022.

Education Requirement: No Requirements

Job Experience: No Requirements

Work Hours: 8

Job application procedure
Use the link(s) below to apply on company website.
• Collections Manager

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