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)
Charter Oak Federal Credit Union is interested in hiring a Commercial Credit Manager. This is an excellent opportunity for a motivated individual to assume a role in the credit union’s commercial lending department. The successful candidate will be expected to assist the VP Business Lending Manager, Business Lenders and Chief Lending Officer by conducting in-depth financial analysis in assessing commercial businesses, collect and analyze information regarding the member’s income, assets, investments or debts, determine which credit structures best meet the member’s needs and financial circumstances, reviewing historical and projected data on member business loans/prospects and to use this information to prepare loan presentations for consideration. The Commercial Credit Manger will recommend approvals/denials for member business loans and help maintain credit quality through the ongoing analysis of the credit union’s existing loan portfolio, working closely with management to identify procedural issues and recommendation of corrective actions. The Commercial Credit Manager will participate in the promotion of a sales and service culture consistent with the credit union’s goal of exceeding expectations. This position will also manage, review and assist in training the credit analyst positions.
Candidates must have a minimum of 3 years of demonstrable commercial credit analysis experience with advanced educational background preferred. A bachelor's degree in finance or accounting is desired.
Candidates must possess excellent writing skills and be well versed in commercial credit analysis.
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0 Credit and Collections Manager jobs found in New London, CT area