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Milestone Equipment Leasing · 3 weeks ago

Credit Collections Manager

Lombard, IL

Full-time

Onsite

Senior Level

6+ years exp

Milestone Equipment Leasing is seeking an experienced Credit & Collections Manager to manage credit risk and oversee collections. The role involves evaluating customer creditworthiness, establishing credit limits, leading cash collections, and supporting the company's leasing and rental operations.

LeasingRailroadTransportation

Comp. & Benefits

Responsibilities

Ensure compliance with departmental policies and take proactive steps based on credit risk analysis

Manage the timely processing of credit applications. Work closely with Sales to gather required documentation and clearly communicate credit decisions

Conduct thorough financial analyses using both internal data and third-party reports to make informed credit decisions

Communicate directly with customers to discuss credit limits and the criteria for increases

Prepare and present comprehensive credit reports to the Executive Leadership Team

Collaborate with the Cash Team on resolving cash account discrepancies and ensure accurate allocation to customer invoices

Join regular calls with Sales, focusing on resolving overdue accounts and addressing slow payment concerns

Support legal actions related to collections by coordinating with General Counsel and external legal teams, providing necessary documentation

Manage direct reports, through mentoring and establishing KPI’s for review

Propose and support efforts to put new systems in place to automate credit decisioning and improve overall cash flow cycle

Ensure effective internal controls, policies and procedures are in place and that teams are properly trained

Assist with budgeting departmental and bad debt expense

Own relationship with third party collection agencies and third party services used to make credit decisions

Qualification

Credit risk managementFinancial analysisPeople managementLeasingRental experienceAdvanced Excel skillsAnalytical skillsCRM systems familiarityCredit card managementPCI compliance knowledgeCommercial insurance knowledgeCommunication skillsOrganizational skills