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Collections Manager
Career Insights for Collections Manager
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Scorecard
Based on Washington, D.C. (District of Columbia) data
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What they do
A Collections Manager manages staff that record and process collections at a bank or financial services company. Ensures that checks presented to a bank clear and the amount is debited to the bank and credited to a customer account. Manages collection accounts for a bank, creditor loan company or collections agency. Tracks the amounts owed by a customer that has fallen behind on bill payments and negotiates re-payment.
$72,283 / year median in Washington, D.C. (District of Columbia)
-8% projected decline
Job Description
Collections Manager at Ledgent Finance & Accounting Collections Manager at Ledgent Finance & Accounting in Washington, Washington DC Posted in about 9 hours ago. $125,000.00 - $195,000.00 per year Essential Job Duties (Most Complex Responsibilities) Lead and oversee collections and cash application teams , managing performance, workflow distribution, coaching, and professional development. Develop and execute collection strategies to reduce aged accounts receivable, improve cash realization, and support firm financial objectives. Partner with attorneys, clients, and finance leadership to resolve complex collection issues , payment disputes, e-billing challenges, and delinquent accounts. Analyze accounts receivable portfolios, aging trends, payment patterns , and collection risks, providing recommendations on escalations, payment arrangements, write-offs, and third-party collections. Oversee the accurate and timely application of cash receipts, including checks, wires, ACH payments, and trust/escrow-related transactions. All qualified applicants will receive consideration for employment without regard to race, color, national origin, age, ancestry, religion, sex, sexual orientation, gender identity, gender expression, marital status, disability, medical condition, genetic information, pregnancy, or military or veteran status. We consider all qualified applicants, including those with criminal histories, in a manner consistent with state and local laws, including the California Fair Chance Act, City of Los Angeles' Fair Chance Initiative for Hiring Ordinance, Los Angeles County Fair Chance Ordinance, and San Francisco Fair Chance Ordinance.
Benefits
- Professional Development
- Dental Insurance