Credit and Collections Manager jobs in Massachusetts

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)

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Collections Manager
  • St. Mary's Credit Union
  • Marlborough, MA FULL_TIME
  • Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!


    Under the direction of the Senior Vice President of Lending, this position will be responsible for planning, coordinating, and managing the activities of the Collections Department in conformance with established Credit Union policies and procedures.


    This role has a hybrid work schedule. We are looking for candidates located near our Marlborough office as this role will require a commute to the office a minimum of three times per week.


    Essential Functions:

    • Develops and ensures the effectiveness of the department's plans and organization. Oversees the daily operation of department functions, ensuring work is performed in a timely and accurate manner.
    • Recommends, initiates, and coordinates foreclosures and bankruptcies from inception to completion. Maintains contact with legal counsel to ensure process is being handled in a timely manner.
    • Oversees and participates in repossessions and any small claims activity.
    • Oversees and participates in the collection of real estate loans. Makes recommendations of action to be taken to Credit Committee, e.g., workout arrangement, foreclosures, etc.
    • Prepares various reports and analyzes and discusses findings of delinquency trends to Senior Vice President – SLO and Credit Committee. May attend Credit Committee meetings.
    • Keeps current of regulatory developments within the area of collections. Ensures that all departmental operations are following applicable laws and regulations and the Credit Union’s collection policy. Continually reviews and upgrades policies and procedures to ensure we are both current and compliant.
    • Is the primary contact with Fannie Mae on all collection related activity on sold loans to include forbearance agreements, potential modifications, and any and all foreclosure related activity.
    • Is the primary contact with all collection attorneys, both in-house and elsewhere, and will routinely set up meetings with borrowers and attorneys when appropriate.
    • Manages the institutions VSI pool and is the primary contact for any VSI related claims.
    • Performs related managerial duties as may be assigned or requested.


    The above is a description of the ordinary duties of the position. It should be expected that from time-to-time other duties, both related and unrelated to the above, may be assigned and, therefore, required.


    Supervisory Scope:

    Up to five.


    Preferred Qualifications:

    To perform this job successfully, an individual must be able to perform each essential function satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


    Education and/or Experience:

    Bachelor’s degree or equivalent in experience. Five years of collection experience within a financial institution with at least one year of supervisory responsibility. Excellent negotiation skills and well developed organizational, decision making and communication skills.


    Work Environment:

    Usual office working conditions with absence of most disagreeable conditions and with occasional exposure to noise.


    Physical Demands:

    While performing the duties of this position, the individual is required to use hands, handle and feel objects, tools or controls; reach with hands and arms; talk and hear. The individual frequently is required to stand, walk and sit. The individual is occasionally required to stoop, kneel, crouch, or lift up to fifteen pounds. Specific vision abilities required include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.


    The estimated salary range for this position is $85,000.00USD to $100,000.00USD. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, and experience. In addition, this position is eligible for incentive compensation.


    All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

  • 1 Month Ago

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Credit and Collections Manager
  • Continental Resources
  • Bedford, MA FULL_TIME
  • From test equipment to IT products, professional services and OEM/embedded computing, Continental Resources, Inc. (ConRes) provides high technology solutions and support to business, government and ac...
  • 1 Day Ago

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Credit and Collections Manager
  • ConRes
  • Bedford, MA FULL_TIME
  • From test equipment to IT products, professional services and OEM/embedded computing, Continental Resources, Inc. (ConRes) provides high technology solutions and support to business, government and ac...
  • 1 Month Ago

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Credit and Collections Analyst
  • STAND 8 Technology Services
  • Westford, MA OTHER
  • Join our dynamic team as a Credit and Collections Analyst! In the heart of the telecommunications industry, we're looking for a detail-oriented professiona
  • 23 Days Ago

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Intern - Credit & Collections
  • LightPath
  • Wakefield, MA INTERN
  • Lightpath is one of the largest competitive local exchange carriers in the tri-state area. Weown and operate our infrastructure "from the ground up" by deploying over 20,000 route miles connecting 13,...
  • 2 Days Ago

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Credit and Collections Representative
  • W.B. Mason Company, Inc
  • Worcester, MA FULL_TIME
  • Overview An interesting and challenging opportunity awaits you. W.B. Mason is a company rich with history and for over 100 years has been driven to satisfy the customer. We are the largest independent...
  • 3 Days Ago

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Credit/Collection Manager
  • Cornerstone Recruiting
  • Baltimore, MD
  • My client, a steel and pipe supplier, is hiring for a Credit and Collections Manager in Baltimore, MD. The ideal candida...
  • 3/28/2024 12:00:00 AM

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Credit & Collection - Claims Manager
  • Harmony Plus LLC
  • Miami, FL
  • About the job Credit & Collection - Claims Manager - Position Objective: The Credit and Collection Manager - Claims has ...
  • 3/28/2024 12:00:00 AM

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Credit and Collections Manager
  • Continental Resources
  • Bedford, MA
  • From test equipment to IT products, professional services and OEM/embedded computing, Continental Resources, Inc. (ConRe...
  • 3/27/2024 12:00:00 AM

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Credit & Collections Specialist
  • Rakuten Group, Inc.
  • Schaumburg, IL
  • Job Description: **This role can be based in Schaumburg, Chicago, Lexington, NYC, San Mateo, San Francisco or Midvale. R...
  • 3/27/2024 12:00:00 AM

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Credit & Collection Manager
  • S&S Truck Parts - Power Up!
  • Schaumburg, IL
  • S&S is seeking a highly motivated and experienced Credit & Collection Manager to join our team. The Credit & Collection ...
  • 3/26/2024 12:00:00 AM

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Credit Collections Manager
  • Quest Financial
  • Suwanee, GA
  • Our client in Suwanee, GA is looking for a Credit and Collections Manager to join their team! Pay: $100K-$115K depending...
  • 3/25/2024 12:00:00 AM

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Credit and Collections Manager
  • Continental Resources
  • Bedford, MA
  • From test equipment to IT products, professional services and OEM/embedded computing, Continental Resources, Inc. (ConRe...
  • 3/24/2024 12:00:00 AM

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The Credit and Collection Manager
  • Harmony Plus LLC
  • Miami, FL
  • - Position Objective: The Credit and Collection Manager - Claims has the responsibility of leading and coordinating acti...
  • 3/24/2024 12:00:00 AM

Massachusetts is the 7th-smallest state in the United States. It is located in the New England region of the northeastern United States and has an area of 10,555 square miles (27,340 km2), 25.7% of which is water. Several large bays distinctly shape its coast. Boston is the largest city, at the inmost point of Massachusetts Bay, and the mouth of the Charles River. Despite its small size, Massachusetts features numerous topographically distinctive regions. The large coastal plain of the Atlantic Ocean in the eastern section of the state contains Greater Boston, along with most of the state's po...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Credit and Collections Manager jobs
$110,523 to $156,201

Credit and Collections Manager in Reading, PA
This section, however, is not just a list of your previous credit & collections manager responsibilities.
January 16, 2020
Credit and Collections Manager in Johnstown, PA
The credit and collections manager oversees the credit and collections processes of an organization.
November 27, 2019
Credit and Collections Manager in Bridgeport, CT
Regardless of how you approach hiring a credit and collections manager for your business, do your best to keep the process short.
December 12, 2019