Credit and Collections Manager jobs in Michigan
Credit and Collections Manager develops and administers credit and collection programs. Oversees investigation of credit risk in customers and suppliers and advises on course of action for credit applications. Being a Credit and Collections Manager designs and implements processes to improve cash flow and reduce receivables. Monitors and negotiates the collection of overdue accounts. Additionally, Credit and Collections Manager monitors credit and collection processes and operations; makes recommendations on opportunities for improvement. Requires a bachelor's degree. Typically reports to a director. The Credit and Collections 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. To be a Credit and Collections 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. (Copyright 2024 Salary.com)
Recently Added Credit and Collections Manager jobs
Credit/Collections Supervisor/Manager
- Robert Half
-
Warren, MI
FULL_TIME
-
Description
We are seeking a diligent and detail-oriented AR and Collections Specialist to join our finance team. The ideal candidate will have a strong background in accounts receivable management and collections, with the ability to navigate complex customer relationships while ensuring timely payment and resolution of outstanding invoices. This role is crucial to maintaining healthy cash flow and minimizing bad debt exposure for the company.
Key Responsibilities- Accounts Receivable Management:
- Process and post customer payments accurately and in a timely manner.
- Reconcile accounts receivable ledger to ensure all payments are accounted for and properly posted.
- Monitor customer accounts for overdue payments and follow up with customers via phone, email, or mail to secure payment.
- Collections:
- Develop and maintain effective collection strategies to minimize outstanding accounts receivable.
- Contact customers with overdue accounts to negotiate payment plans and resolve payment discrepancies.
- Document all collection activities and update account status accordingly in the company's ERP system.
- Customer Communication:
- Respond promptly and professionally to customer inquiries regarding billing issues, account balances, and payment arrangements.
- Build and maintain positive relationships with customers to facilitate prompt payment and resolve any disputes or concerns.
- Reporting and Analysis:
- Generate regular reports on accounts receivable aging, cash collections, and bad debt reserves for management review.
- Analyze payment trends and identify areas for improvement in collections processes or customer credit policies.
- Credit Management:
- Evaluate creditworthiness of new and existing customers and establish appropriate credit limits.
- Monitor credit exposure and recommend adjustments to credit terms or limits as needed to mitigate risk.
- Bachelor's degree in accounting, finance, or related field preferred.
- years of experience in accounts receivable management and collections.
- Proficiency in Microsoft Excel and experience with ERP systems (e.g., SAP, Oracle).
- Strong communication and negotiation skills with a customer-centric approach.
- Ability to prioritize tasks and work independently in a fast-paced environment.
- Knowledge of credit management principles and best practices.
- Expertise in Accounting Software Systems
- Proficiency in Accounts Receivable (AR)
- Familiarity with Billing Functions
- Knowledge of Collection Processes
- Understanding of Credit and Credit Limits
- Experience in B2B collections
- Familiarity with Collections - Commercial
- Experience in Collections Management
- Ability to supervise and manage a team
- Excellent communication and negotiation skills
- Attention to detail and accuracy
- Ability to analyze data and make decisions based on data
- Ability to handle multiple tasks and prioritize
- Strong problem-solving skills
- Ability to work independently and as part of a team
- Strong ethical standards and high levels of integrity.
Robert Half works to put you in the best position to succeed. We provide access to top jobs, competitive compensation and benefits, and free online training. Stay on top of every opportunity - whenever you choose - even on the go.
All applicants applying for U.S. job openings must be legally authorized to work in the United States. Benefits are available to contract/temporary professionals, including medical, vision, dental, and life and disability insurance. Hired contract/temporary professionals are also eligible to enroll in our company 401(k) plan. Visit
© 2024 Robert Half. An Equal Opportunity Employer. M/F/Disability/Veterans. By clicking “Apply Now,” you’re agreeing to - 6 Days Ago
Credit and Collections Manager
- GCC Management Company, LLC
-
Rochester, MI
FULL_TIME
- Job description Position Summary: Glorious Cannabis is the largest Cannabis companies in Michigan serving over 500 retail cannabis dispensaries in the state. Our product line includes Bulk and prepack...
- 10 Days Ago
Credit & Collections Manager
- Clark Hill
-
Detroit, MI
FULL_TIME
- Clark Hill PLC Position Description Position: Credit & Collections Manager Reports To: Director of Client Accounting Status: Exempt Summary: Responsible for coordinating the day-to-day collection acti...
- 25 Days Ago
Collections Specialist
- A B D Federal Credit Union
-
Warren, MI
FULL_TIME
- Collections Manager ABD Federal Credit Union Location: Main Branch in Warren, MI 48092 Job Type: Full-time Willingness to Travel: 25% (Preferred) Schedule: Monday to Friday Benefits: 401(k) Dental ins...
- 3 Days Ago
Collections Specialist Career Opportunity!
- Michigan Credit Union League
-
Farmington, MI
FULL_TIME
- Organization: LOC CU Date Posted: January 19, 2024 Region: Southeast Michigan Location of Position: Farmington Position Level: Entry LOC Credit Union is looking for a dynamic individual to join it's C...
- Just Posted
Payment Solutions Representative (Collections)
- Michigan First Credit Union
-
Village, MI
FULL_TIME
- 27000 EvergreenLathrup Village48076We are currently seeking a Payment Solutions Representative to join us. The person in this position will report to the Payment Solutions Manager.Job SummaryConducts ...
- 11 Days Ago
Credit and Collections Manager jobs at Popular Companies
Credit and Collections Manager
- Marcolin
-
Somerville, NJ
- Job description The Credit & Collections Manager is responsible for the strategic management and the day-to-day operatio...
- 6/11/2024 12:00:00 AM
US LBM Regional Credit Manager
- US LBM Holdings
-
- US LBM is one of the leading and fastest growing distributors of specialty building materials in the United States, with...
- 6/11/2024 12:00:00 AM
SAP S/4 FICO Consultant
- Diverse Lynx
-
Dublin, OH
- echnical/Functional Skills Strong SAP S/4 FICO design, Configuration, and development expertise. Knowledge of FI, GL, A/...
- 6/9/2024 12:00:00 AM
Credit Collections Manager
- Quanta US
-
Somerville, NJ
- Since its inception, the company has shown a profound grasp of the ever-changing landscape, acknowledging the significan...
- 6/9/2024 12:00:00 AM
Credit & Collections Manager
- Creative Financial Staffing
-
San Antonio, TX
- This is an exceptional opportunity for an experienced Credit and Collections Manager to join a stable growing manufactur...
- 6/8/2024 12:00:00 AM
Sr. SAP Implementation Analyst - FSCM
- Creative Financial Staffing
-
Minneapolis, MN
- Sr. SAP Implementation Analyst - FSCM Remote | No sponsorship | Contract About Our Client: Great culture - join a tight-...
- 6/8/2024 12:00:00 AM
Assistant Credit Manager
- Creative Financial Staffing
-
Houston, TX
- Our industrial client is seeking an Assistant Credit Manager to join their collections leadership team! This well-establ...
- 6/8/2024 12:00:00 AM
Accounts Receivable Manager
- London Approach
-
Winston-Salem, NC
- We are a dynamic organization dedicated to delivering excellence. Our commitment to innovation and customer satisfaction...
- 6/8/2024 12:00:00 AM
About Michigan
Michigan consists of two peninsulas that lie between 82°30' to about 90°30' west longitude, and are separated by the Straits of Mackinac. The 45th parallel north runs through the state—marked by highway signs and the Polar-Equator Trail—along a line including Mission Point Light near Traverse City, the towns of Gaylord and Alpena in the Lower Peninsula and Menominee in the Upper Peninsula. With the exception of two small areas that are drained by the Mississippi River by way of the Wisconsin River in the Upper Peninsula and by way of the Kankakee-Illinois River in the Lower Peninsula, Michigan...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Credit and Collections Manager jobs
$100,456 to $141,481
Most Popular Cities in Michigan for Credit and Collections Manager Jobs
What does a Credit and Collections Manager do?
Credit and Collections Manager in Reading, PA
This section, however, is not just a list of your previous credit & collections manager responsibilities.
January 16, 2020
Credit and Collections Manager in Johnstown, PA
The credit and collections manager oversees the credit and collections processes of an organization.
November 27, 2019
Credit and Collections Manager in Bridgeport, CT
Regardless of how you approach hiring a credit and collections manager for your business, do your best to keep the process short.
December 12, 2019