5 Collection Supervisor Job Description Templates and Examples | Himalayas

5 Collection Supervisor Job Description Templates and Examples

Collection Supervisors oversee the debt collection process, ensuring that overdue accounts are handled efficiently and in compliance with regulations. They manage teams of collection specialists, set performance goals, and develop strategies to improve recovery rates. Junior roles focus on individual account management, while senior roles involve team leadership, strategy development, and collaboration with other departments to optimize collection processes.

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1. Collection Specialist Job Description Template

Company Overview

[$COMPANY_OVERVIEW]

Role Overview

We are seeking a detail-oriented Collection Specialist to join our finance team at [$COMPANY_NAME]. In this role, you will play a critical part in maintaining the financial health of our organization by managing and coordinating collection efforts, ensuring timely payment from clients, and fostering positive relationships with customers.

Responsibilities

  • Monitor and manage accounts receivable, ensuring timely collections of outstanding invoices
  • Develop and implement effective collection strategies and processes to minimize delinquency
  • Communicate with clients via phone and email to follow up on overdue accounts and negotiate payment arrangements
  • Maintain accurate records of all collection activities and client communications in our financial systems
  • Collaborate with cross-functional teams, including sales and customer service, to address client queries and resolve payment disputes
  • Generate and analyze reports on account status and collection metrics to drive process improvements

Required and Preferred Qualifications

Required:

  • 2+ years of experience in accounts receivable or collections, preferably in a corporate environment
  • Strong understanding of collection processes and best practices
  • Excellent verbal and written communication skills
  • Proficient in using financial software and Microsoft Office Suite

Preferred:

  • Experience with ERP systems and accounts receivable management software
  • Knowledge of relevant laws and regulations related to collections
  • Ability to analyze data and generate actionable insights

Technical Skills and Relevant Technologies

  • Proficient in Microsoft Excel for data analysis and reporting
  • Familiarity with accounting software such as QuickBooks, SAP, or Oracle
  • Experience with CRM systems to track customer interactions and payment histories

Soft Skills and Cultural Fit

  • Strong problem-solving skills with a customer-centric approach
  • Ability to work independently and manage time effectively to meet deadlines
  • Detail-oriented with a keen eye for accuracy in financial documentation
  • Proactive attitude with a knack for building rapport with clients

Benefits and Perks

Annual salary range: [$SALARY_RANGE]

Additional benefits may include:

  • Health, dental, and vision insurance
  • 401(k) retirement plan with company matching
  • Paid time off and holidays
  • Professional development opportunities
  • Flexible work hours and remote work options

Equal Opportunity Statement

[$COMPANY_NAME] is committed to diversity and inclusion in the workplace. We are an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, national origin, disability status, or any other characteristic protected by law.

Location

This is a remote position within [$COMPANY_LOCATION].

2. Collection Supervisor Job Description Template

Company Overview

[$COMPANY_OVERVIEW]

Role Overview

We are seeking a dedicated Collection Supervisor to lead our collections team, ensuring efficient debt recovery strategies and maintaining high levels of customer satisfaction. In this role, you will be responsible for supervising collection activities, implementing best practices, and fostering a culture of compliance and accountability within the team.

Responsibilities

  • Oversee daily collections operations, ensuring targets are met while maintaining a positive relationship with clients.
  • Develop and implement effective collection strategies to optimize recovery rates and minimize delinquencies.
  • Monitor team performance through KPI analysis, providing coaching and feedback to enhance team effectiveness.
  • Collaborate with cross-functional teams to streamline processes and improve overall customer experience.
  • Ensure compliance with all applicable laws and regulations governing collections and credit management.
  • Conduct regular training sessions to keep the team updated on new policies, procedures, and technologies.
  • Prepare and present reports on collection performance and trends to senior management.

Required and Preferred Qualifications

Required:

  • 5+ years of experience in collections or credit management, with at least 2 years in a supervisory role.
  • Strong understanding of collections processes, regulations, and compliance requirements.
  • Proven ability to analyze data and develop actionable strategies based on insights.
  • Excellent communication and interpersonal skills, with the ability to manage conflicts and negotiate effectively.

Preferred:

  • Bachelor's degree in finance, business administration, or a related field.
  • Experience with collections software and CRM systems.
  • Knowledge of financial analysis and reporting.

Technical Skills and Relevant Technologies

  • Proficiency in Microsoft Excel and other data analysis tools.
  • Familiarity with collections software such as FICO, Experian, or similar platforms.
  • Understanding of customer relationship management (CRM) systems.

Soft Skills and Cultural Fit

  • Strong leadership skills, with a focus on team development and motivation.
  • Ability to thrive in a fast-paced, results-oriented environment.
  • Exceptional problem-solving skills, with a proactive approach to overcoming challenges.
  • Empathetic and customer-oriented mindset, with a focus on building long-term relationships.

Benefits and Perks

Annual salary range: [$SALARY_RANGE]

Additional benefits may include:

  • Comprehensive health and wellness benefits
  • Retirement plans with company matching
  • Flexible working hours and remote work options
  • Professional development opportunities and training programs
  • Generous paid time off and holidays

Equal Opportunity Statement

[$COMPANY_NAME] is committed to diversity in its workforce and is proud to be an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, creed, gender, national origin, age, disability, veteran status, sex, gender expression or identity, sexual orientation or any other basis protected by applicable law.

Location

This is a remote position within [$COMPANY_LOCATION].

We encourage applicants from diverse backgrounds and experiences to apply, even if they do not meet all the qualifications listed. Your unique perspective and skills could be a great fit for our team.

3. Senior Collection Supervisor Job Description Template

Company Overview

[$COMPANY_OVERVIEW]

Role Overview

As a Senior Collection Supervisor at [$COMPANY_NAME], you will play a critical role in leading our collections team to ensure timely and efficient recovery of outstanding debts. You will leverage your extensive experience to develop strategies that enhance collections processes and drive performance, while fostering a culture of accountability and excellence within the team.

Responsibilities

  • Lead and mentor the collections team, providing coaching and guidance to improve individual and team performance.
  • Develop and implement effective collection strategies to optimize recovery rates while maintaining customer relationships.
  • Analyze collection processes and identify areas for improvement, leveraging data-driven insights to drive operational efficiency.
  • Collaborate with cross-functional teams to address customer inquiries and resolve billing issues, ensuring a seamless customer experience.
  • Monitor team performance against key metrics and provide regular reporting to senior management.
  • Ensure compliance with all relevant regulations and company policies within the collections process.

Required and Preferred Qualifications

Required:

  • 5+ years of experience in collections, with at least 2 years in a supervisory or leadership role.
  • Proven track record of achieving collection targets and improving team performance.
  • Strong analytical skills, with the ability to interpret data and make informed decisions.
  • Excellent communication and interpersonal skills, with a customer-centric approach.

Preferred:

  • Experience in the financial services or healthcare industry.
  • Familiarity with collections software and CRM systems.
  • Knowledge of relevant laws and regulations governing collections.

Technical Skills and Relevant Technologies

  • Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint) for data analysis and reporting.
  • Experience with collections management software and tools.
  • Ability to leverage technology for process automation and efficiency.

Soft Skills and Cultural Fit

  • Strong leadership skills with a focus on team development and empowerment.
  • Ability to handle difficult conversations and negotiations with empathy and professionalism.
  • Detail-oriented with a proactive approach to problem-solving.
  • Commitment to fostering an inclusive and diverse work environment.

Benefits and Perks

At [$COMPANY_NAME], we offer a competitive salary range of [$SALARY_RANGE] along with a comprehensive benefits package, which includes:

  • Flexible working arrangements in a hybrid model.
  • Health, dental, and vision insurance.
  • Retirement plans with company matching.
  • Generous paid time off and parental leave policies.
  • Professional development opportunities and support for continuous learning.

Equal Opportunity Statement

[$COMPANY_NAME] is committed to diversity and inclusion in the workplace. We are an Equal Opportunity Employer and welcome applicants from all backgrounds to apply. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, veteran status, sexual orientation, gender identity, or any other characteristic protected by law.

Location

This role is hybrid, requiring successful candidates to work from the office at least 3 days a week at [$COMPANY_LOCATION].

We encourage applicants to apply even if they don't meet all the requirements. If you're passionate about collections and leading a team to success, we want to hear from you!

4. Collections Manager Job Description Template

Company Overview

[$COMPANY_OVERVIEW]

Role Overview

We are seeking an experienced Collections Manager to lead our collections team and drive efficient recovery strategies that enhance cash flow and minimize bad debt. In this role, you will leverage your expertise in credit and collections management to build strong relationships with clients, optimize collection processes, and implement data-driven decisions to achieve organizational goals.

Responsibilities

  • Develop and execute effective collections strategies that align with company goals to reduce DSO (Days Sales Outstanding) and improve cash flow.
  • Oversee the day-to-day operations of the collections team, ensuring adherence to company policies and compliance with industry regulations.
  • Analyze collection metrics and prepare regular reports to present insights on collection trends and opportunities for improvement.
  • Collaborate with cross-functional teams, including sales and customer service, to resolve disputes and improve customer satisfaction.
  • Lead team training initiatives to enhance the skills and effectiveness of the collections staff.
  • Manage escalated accounts and negotiate payment plans with clients to facilitate timely collections.

Required and Preferred Qualifications

Required:

  • 5+ years of experience in collections or accounts receivable management, with a proven track record of success in reducing delinquent accounts.
  • Strong knowledge of collection practices, credit risk assessment, and financial regulations.
  • Excellent analytical skills and proficiency in using data to drive decision-making.
  • Demonstrated ability to manage teams effectively and foster a positive work environment.

Preferred:

  • Bachelor’s degree in finance, accounting, business administration, or a related field.
  • Experience with collections software and ERP systems.
  • Familiarity with legal collections processes and compliance requirements.

Technical Skills and Relevant Technologies

  • Proficient in Microsoft Excel and data analysis tools.
  • Experience with collections management systems and CRM software.
  • Understanding of financial reporting and accounting principles.

Soft Skills and Cultural Fit

  • Exceptional communication and interpersonal skills to build strong relationships with clients and internal stakeholders.
  • Strong negotiation skills with the ability to handle difficult conversations professionally.
  • Proactive problem-solving mindset with a focus on continuous improvement.
  • Ability to work independently and manage multiple priorities in a fast-paced environment.

Benefits and Perks

Annual salary range: [$SALARY_RANGE]

Additional benefits may include:

  • Flexible working hours and remote work options.
  • Comprehensive health, dental, and vision insurance.
  • Retirement savings plans with company matching.
  • Professional development opportunities and training programs.
  • Generous paid time off and holiday schedule.

Equal Opportunity Statement

[$COMPANY_NAME] is committed to diversity in its workforce and is proud to be an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, creed, gender, national origin, age, disability, veteran status, sex, gender expression or identity, sexual orientation or any other basis protected by applicable law. We encourage applicants from all backgrounds to apply.

Location

This is a remote position within [$COMPANY_LOCATION].

5. Director of Collections Job Description Template

Company Overview

[$COMPANY_OVERVIEW]

Role Overview

We are seeking a strategic and results-driven Director of Collections to lead our collections department at [$COMPANY_NAME]. In this pivotal role, you will be responsible for developing and executing innovative collection strategies, optimizing processes, and driving the performance of our collections team. Your leadership will ensure the effective management of our receivables portfolio, contributing to the overall financial health of the organization.

Responsibilities

  • Develop and implement comprehensive collections strategies that align with the company's financial goals and objectives
  • Lead, mentor, and manage the collections team, fostering a culture of high performance and continuous improvement
  • Analyze collection metrics and KPIs to identify trends and areas for improvement, implementing necessary changes to optimize performance
  • Collaborate with cross-functional teams, including finance, sales, and customer service, to address customer payment issues and enhance overall customer experience
  • Manage escalated collections issues and negotiate payment arrangements with key clients
  • Ensure compliance with relevant regulations and company policies in all collection activities

Required and Preferred Qualifications

Required:

  • 10+ years of experience in collections, accounts receivable, or credit management, with a proven track record of success in a leadership role
  • Strong understanding of credit risk assessment and collections best practices
  • Exceptional analytical skills, with the ability to interpret data and make data-driven decisions
  • Proven ability to lead and develop high-performing teams

Preferred:

  • Experience in a fast-paced, high-growth environment
  • Advanced degree in finance, business administration, or a related field
  • Familiarity with collections software and tools

Technical Skills and Relevant Technologies

  • Proficiency in financial analysis and reporting tools
  • Experience with CRM and collections management systems
  • Strong understanding of financial regulations and compliance

Soft Skills and Cultural Fit

  • Excellent communication and interpersonal skills, with the ability to build relationships at all levels
  • Strong negotiation skills and the ability to handle difficult conversations with professionalism
  • Results-oriented mindset with a focus on achieving targets and driving performance
  • Ability to thrive in a dynamic and fast-paced environment
  • A collaborative leader who inspires and motivates teams

Benefits and Perks

Annual salary range: [$SALARY_RANGE]

Additional benefits may include:

  • Comprehensive health insurance
  • Retirement savings plan with company match
  • Generous paid time off and holiday schedule
  • Professional development opportunities
  • Wellness programs and initiatives

Equal Opportunity Statement

[$COMPANY_NAME] is committed to diversity in its workforce and is proud to be an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, creed, gender, national origin, age, disability, veteran status, sex, gender expression or identity, sexual orientation or any other basis protected by applicable law.

Location

This role requires successful candidates to be based in-person at our office in [$COMPANY_LOCATION].

We encourage applicants from diverse backgrounds and experiences to apply, even if they do not meet all the listed qualifications. Your unique perspective can contribute to our team's success.

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