Collection Head
6 months ago
**Head of Collection Job Description**
We are looking for a **Head of Collection **to monitor staff and oversee the procedures to reduce the amount of unpaid debt the company incurs. You will also be responsible for negotiating extensions with clients or write-off debt to minimize the company’s potential loss of income.
To be a successful **Head of Collection**, you should be analytical and have great report writing skills. Ultimately, a top-notch **Head of Collection **should have extensive knowledge of collection laws, and continuously find ways to improve the company’s debt recovery.
**Head of Collection Responsibilities**:
- Must have Owners Association experience
- Overseeing staff members and ensuring the accurate and timely invoicing of customers.
- Setting payment collection goals and targets for the department.
- Creating and implementing a strategy to improve the collection of outstanding credit.
- Implementing collection policies and procedures to avoid excessive outstanding credit.
- Ensuring that the company policy on recoveries is followed and that it is in line with state and federal regulations.
- Implementing deadlines for invoicing and payment collection.
- Negotiating with customers in cases when non-payment occurs.
- Preparing monthly feedback reports on payment collections.
- Remaining informed of any legislative procedural training regarding debt collection.
- Training and mentoring of staff members in the collections department.
**Head of Collection Requirements**:
- Bachelor’s degree in finance, accounting, or a related field.
- 3-5 year’s experience as a collections head.
- Experience with accounting software such as Quickbooks and General Ledger and advanced knowledge of MS Excel.
- The ability to work accurately and independently.
- Good verbal and written communication skills.
- Excellent analytical skills and an eye for detail.
- Outstanding leadership and managerial skills.
- Strong time and people management skills.
- Ability to work to strict deadlines.
Pay: AED8,000.00 - AED9,000.00 per month
**Experience**:
- Owners association: 5 years (required)
- Collection Head: 5 years (preferred)
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