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Billing & Collections Manager
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Based on New Jersey 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.
$89,948 / year median in New Jersey
-10% projected decline
Job Description
Responsibilities:
- Lead and develop a team of five analyst-level direct reports while providing direction to 7-9 offshore team members aligned to U.S. business hours.
- Oversee end-to-end commercial billing, collections, and cash receipts activities across multinational accounts within an insurance environment.
- Create and refine scalable billing and collections procedures to support the launch of new multinational products and services.
- Evaluate current workflows, identify efficiency opportunities, and implement automation solutions that reduce manual effort and improve accuracy.
- Review commercial credit matters and make informed approval decisions in line with company policies and risk guidelines.
- Establish performance metrics, monitor operational results, and use reporting tools such as Power BI to deliver actionable business insights.
- Partner with internal stakeholders to resolve billing discrepancies, accelerate collections, and improve customer account outcomes.
- Maintain strong operational controls and documentation to support compliance, consistency, and high-quality financial processing.