This is a free Credit and Collection Manager Resume example that covers objectives and tips to gets you the best job. This professional resume template with action words will help you in writing perfect CV for the desired Credit and Collection Manager Job.

Credit and Collection Manager Job Description

  • Directs and coordinates activities of workers engaged in conducting credit investigations and collecting delinquent accounts of customers.
  • Assigns workers, directly or through subordinate supervisors, responsibility for investigating and verifying financial status and reputation of prospective customers applying for credit, preparing documents to substantiate findings, and recommending rejection or approval of applications.
  • Assigns responsibility for investigation of fraud cases and possible legal action and collection for worthless checks and delinquent bills.
  • Typically reports to a director and may have supervisors reporting to this position.
  • Establishes credit limitations on customer account.
  • Reviews collection reports to ascertain status of collections-and-balances outstanding and to evaluate effectiveness of current collection policies and procedures.
  • Audits delinquent accounts considered to be uncollectible to ensure maximum efforts have been taken before assigning bad-debt status to account.

Sample Credit and Collection Manager Resume Template

Contact information

In this section you have to include your Name, current home address, Mobile telephone number, Landline telephone number and your personal email address which is currently used.

  • Full name
  • Present and permanent addresses
  • Telephone numbers
  • Email address

Professional or career objective

Your objective is the one that clearly underlines your aims and aspirations in that profession. For example a Management Graduate will have to write an objective which is concise and precisely speaks about his role that he wants to play in the Organization.

Sample Objective for Credit and Collection Manager

I seek a career opportunity as a manager in a business environment that will allow challenges and rewards for my employment background and skill-set.

Career Achievements

If you have any major Career Achievements or any Appreciation then this is the section where they should be listed. For Example a Credit and Collection Manager can add his/her career achievements like,

  • Responsible for overseeing all aspects of Accounts Receivable to ensure minimal past-due percentage.
  • Process new account setups, including background checks, D&B Reports and establishing credit lines.
  • Extensive customer contact via fax and telephone.
  • Work closely with various other departments, including purchasing, billings and sales.
  • Assist in processing of invoices.
  • Help to process the daily deposit when needed.

Experience

Previous work experience plays an important role while applying for a Job and hence it should be well presented in the resume. Most of the questions during your resume will be related to the previous job that you had and hence you should be well prepared for it. You should begin with putting the name of the organization that you worked for, the duration of your work and the post or the designation at which you were working. After this, you can effectively place points in a bulleted format that talk about the responsibilities and the achievements that you may have achieved during your stay at the previous organization. The work experience of an experienced Credit and Collection Manager applying for a job would look like,

Credit and Collection Manager

Gupta Finance Company, Mumbai, 2006-Present

  • Supervised a staff of nine, in the credit and collection, and account receivable departments.
  • Assigned credit risk lines, upon completion of financial and reference investigation.
  • Analyzed monthly account and notes receivables reports. Determined bad debt write-offs, and account assignment to outside credit agencies and attorney.
  • Interfaced daily with branch sales and customer service departments to resolve customer disputes and billing issues.
  • Coordinated with others, including personnel in company branches and credit card companies, to exchange information and update controls.
  • Submitted delinquent accounts to attorney or outside agency for collection.
  • Compiled and analyzed statistical data on fraudulent use of credit cards to develop procedures designed to deter or prevent use of cards.
  • Prepared year-end audit schedules.

Corporate Credit Manager

Kapoor and Shah Finance Company, Mumbai, 2003-2006

  • Designed a departmental credit and collection policy and procedure manual.
  • Conducted credit investigation, analyzed customer financial data and application to assign credit risk limits.
  • Managed staff on daily functions, for over 2,000 commercial accounts.
  • Conducted regular customer visits to establish new accounts with sales staff, or implement strategy for debt reduction.
  • Developed successful strategy to reduce DSO from 40 days to an overall 33 days outstanding.

Assistant Credit Manager

Nirma Investments and Financers, Mumbai, 2000-2003

  • Reconciled daily account receivables transaction aging.
  • Heavily interfaced with sales, accounting and traffic departments to resolve customer issues and billing problems.
  • Prepared bad debt write-off schedules.
  • Negotiated customer debt notes, and determined account referral to attorney, or collection agency.

Education and Certification

The academic details need to be mentioned in a tabulated format with respect to the degrees or the courses that the candidate would have undertaken in the past. The latest degree or course comes first followed by the last completed course and hence forth going backwards. For example a Credit and Collection Manager who has completed post graduation or graduation course is applying for a Job or to a company or an organization then his/her details would be like,

  • M B A (Account and Finance)

IIM Mumbai, 2000

  • B Com

Pune University, 1998

Honors

If you have won any competitions national or international then they could also be highlighted here. For example a Credit and Collection Manager could lay stress on any exams that he may have given or any seminars or conferences attended. If you are a part of any honorary society or any nonprofit organization then that could also be added here.

The honors and the activities section of a Credit and Collection Manager would look like

  • Awarded as “Milind Face of The Year” 2008.
  • Member of People against Terrorism.

References

The References are generally required so that your present employer can gauge you through the eyes of the people who you were associated with or have worked for. So your teachers or college professors’ details could be placed here. Or your past employer who you would have worked under can also be used as a reference. Ensure that the people whose names you enter know you well and do inform them that you are placing their names as reference because many companies call to confirm. For example the references section of a Credit and Collection Manager could also look like,

Mr. Bharat Jain

Sr. Manager

Kapoor and Shah Finance Company

bharat@iiijjkk.com

Salary Range of a Credit and Collection Manager

  • The average salary received is approximately Rs. 20000 per month. This works out to an annual pay package of 2.5 Lakhs to 3 Lakhs per annum CTC.
  • The salary from an American perspective works out to be $8000 per Month.

Note: This salary may be variable and it may change from organization to organization.

Frequently asked Credit and Collection Manager Interview Question

  • What are your biggest challenges in life and how have you worked to overcoming them.
  • How do you rate yourself? 1-10
  • Explain your greatest sales accomplishment
  • Who is the best salesperson you know and why?
  • When was a time you had to manage others?
  • What do you know about the position and the company?
  • Tell me about yourself

Technorati Tags: , , , ,

Related Resume Adverstiments