REGIONAL COLLECTION MANAGER

L T Finance LTD is looking for REGIONAL COLLECTION MANAGER at our location Ramanagara to join our dynamic team and embark on a rewarding career journey.The Regional Collection Manager is responsible for leading and managing the collections team within a designated region. This role involves developing and implementing effective collection strategies, monitoring team performance, and collaborating with internal stakeholders to optimize the cash flow of the organization. Key Responsibilities: Strategy Development: Develop and implement regional collection strategies to optimize cash flow and reduce outstanding receivables. Analyze market trends, customer behaviors, and industry best practices to refine collection processes. Team Leadership: Recruit, train, and mentor collection staff within the region. Set performance targets and provide regular feedback to ensure the team meets or exceeds collection goals. Foster a positive and collaborative work environment. Portfolio Analysis: Conduct regular analysis of the accounts receivable portfolio to identify high-risk accounts and implement appropriate collection strategies. Work closely with credit analysts to assess creditworthiness of clients and set credit limits. Client Relationship Management: Collaborate with sales and customer service teams to resolve client issues and disputes. Build and maintain positive relationships with clients to facilitate the collections process. Reporting and Analysis: Prepare and present regular reports on collection performance, including aging reports and key performance indicators. Utilize data and analytics to identify trends, areas for improvement, and opportunities to enhance collection efficiency. Compliance: Stay updated on relevant laws and regulations governing collections practices within the region. Ensure that all collection activities comply with legal and ethical standards. Process Improvement: Continuously assess and improve collection processes to enhance efficiency and effectiveness. Implement technology and tools to streamline collection workflows.