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Commercial Collections Manager Jobs in Indiana (NOW HIRING)

City of Richmond Indiana

Solid Waste Driver

Richmond, IN · On-site

$41K/yr

Provides information to Crew Leader or Collections Manager on route issues or problems and assists ... Special Requirements Valid commercial driver's license with Class B endorsement in the State of ...

City of Richmond

Solid Waste Driver

Richmond, IN · On-site

$41K/yr

Provides information to Crew Leader or Collections Manager on route issues or problems and assists ... Special Requirements Valid commercial driver's license with Class B endorsement in the State of ...

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Commercial Collections Manager information

What does a commercial collections manager do?

A Commercial Collections Manager oversees the process of collecting overdue payments from business clients or commercial accounts. They lead a team of collectors, develop strategies to improve collections efficiency, and ensure compliance with relevant laws and company policies. Their role often involves negotiating payment arrangements, resolving disputes, and analyzing accounts to minimize financial risk. They also provide reporting and recommendations to senior management to help reduce outstanding receivables and improve cash flow.

What are the key skills and qualifications needed to thrive as a commercial collections manager?

To thrive as a Commercial Collections Manager, you need strong knowledge of credit management, financial analysis, and commercial collection laws, typically supported by a degree in finance, business, or related fields. Familiarity with collections management software, ERP systems, and relevant certifications like the Certified Credit and Collection Professional (CCCP) are often required. Excellent negotiation, leadership, and conflict resolution skills help build customer relationships and lead teams effectively. These abilities are essential for minimizing financial risk, improving cash flow, and maintaining positive client interactions.

What are some common challenges faced by commercial collections managers and how can they be addressed?

Commercial Collections Managers often encounter challenges such as managing high volumes of overdue accounts, balancing client relationships with the need for timely payments, and navigating complex negotiations with business clients. To address these challenges, successful managers develop strong communication and negotiation skills, leverage collection management software to track accounts, and work closely with sales and legal teams to implement effective collection strategies. Ongoing training and staying updated on industry regulations also help ensure compliance and maintain positive client relationships.

What is the difference between Commercial Collections Manager vs Accounts Receivable Specialist?

AspectCommercial Collections ManagerAccounts Receivable Specialist
CredentialsRelevant collections certifications, finance or business backgroundAccounting or finance certifications often preferred
Work EnvironmentManage collections teams, oversee large accounts, strategic planningHandle invoicing, payment processing, and account reconciliation
Employer & IndustryUsed in finance, manufacturing, and large corporate sectorsCommon in finance, retail, and service industries

The Commercial Collections Manager focuses on leading collections efforts for large or complex accounts, often managing teams and developing strategies. In contrast, the Accounts Receivable Specialist handles day-to-day invoicing, payments, and account reconciliation. Both roles require finance or accounting knowledge but differ in scope and responsibilities.

What are popular job titles related to Commercial Collections Manager jobs in Indiana?

For Commercial Collections Manager jobs in Indiana, the most frequently searched job titles are:

What job categories do people searching Commercial Collections Manager jobs in Indiana look for?

The top searched job categories for Commercial Collections Manager jobs in Indiana are:

What cities in Indiana are hiring for Commercial Collections Manager jobs?

Cities in Indiana with the most Commercial Collections Manager job openings:

Commercial Collections Manager jobs near you

Commercial Relationship Manager

Everwise Credit Union

Carmel, IN • On-site

Full-time

Posted 16 days ago

Job description

Job Description:

Position Summary:

The Commercial Relationship Manager will develop and oversee a Commercial Loan Portfolio, focusing on the growth and development of commercial and industrial relationships typically comprising businesses with annual revenues up to $20 million. Responsibilities include providing deposit services, commercial loans, treasury management, and other Everwise products and services. The Commercial Relationship Manager is accountable for diligently working with internal and external partners for credit approval, discussing other product offerings and making introductions to other lines of business, consistently building relationships with new prospects and centers of influence along with existing clients.

Primary Responsibilities and Duties:

  • Actively engage in business development activities to attract new, profitable lower middle market businesses typically up to $20 million in revenues or loan sizes above $2 million.
  • Screen and interview commercial applicants to assess their financial needs.
  • Gather required information to compile a comprehensive loan package to submit for decisioning.
  • Conduct joint calls with MicroLenders, Business Bankers, Treasury Management, and other internal stakeholders and departments.
  • Perform robust financial analysis on loans and support underwriting.
  • Actively involved in closing loans by adhering to proper documentation procedures, obtaining required signatures, and disbursing funds as per approval.
  • Proactive administration of loan portfolio, deposit accounts, collections, and associated documentation.
  • Proactive portfolio management, ensuring loan compliance, mitigating risk, and maintaining profitability by acquiring and analyzing necessary financial data.
  • Cultivate and maintain professional community relationships to enhance Everwise's visibility and secure new business opportunities.
  • Actively engage in community service and promotional events, to foster personal development and enhance Everwise's positive reputation in the community.
  • Preview other financial products and introduce additional financial services to enhance member relationships. Such as - Commercial, Cash Management, Mortgage, and Retail Services.
  • Assume additional responsibilities as required for the growth, advancement of Everwise.

Knowledge/Skills:

  • Corporate and Commercial loan experience across diverse industries, and commercial real estate asset classes.
  • Proficient in negotiation, with excellent verbal and written communication skills.
  • Deliver exceptional service to our business members, regardless of circumstances.
  • Utilize interpersonal skills in interviewing, negotiating, selling, and managing difficult conversations with members.
  • Uphold impeccable integrity by safeguarding the best interest of Everwise and its members through prudent lending practices and risk mitigation.
  • Knowledge of business and contract laws.
  • Strong understanding of commercial credit, loan services, and credit risk policies and procedures.
  • Solid understanding of treasury management.
  • Ability to work autonomously and collaboratively in a team environment.
  • Understand and adhere to government laws, regulations, and Everwise's policies and procedures concerning Anti-Money Laundering Regulations including but not limited to the Bank Secrecy Act (BSA), US PATRIOT ACT and OFAC.

Minimum Requirement

  • Bachelor's degree in business, Accounting, Finance, related field, or equivalent relevant work experience.
  • 4+ years' experience in business banking or commercial lending within the financial services industry
  • Excellent skills in commercial financial software and Microsoft Office suite.
  • Relevant certifications or advanced degree, preferred.

Everwise is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.

Apply