Job Description
The Associate Director of Collections is responsible for overseeing and evaluating the portfolio recovery process in accordance with established policies and procedures. This role works closely with the Director of Collections & Portfolio Administration to define collection strategies that maximize portfolio recovery, monitor risk concentrations, identify deviations from established KPIs and objectives, and implement corrective and preventive actions when necessary.
Key Responsibilities
- Oversee and evaluate collection and portfolio recovery processes while ensuring policy compliance.
- Recommend improvements to collection structures, systems, and recovery processes.
- Develop and monitor departmental KPIs and market variables, promoting continuous improvement.
- Analyze and recommend solutions for exceptional cases that fall outside standard policies.
- Communicate and reinforce collection policies, standards, and procedures across the team.
- Ensure the collections team has the necessary infrastructure and resources to meet objectives.
- Approve settlements, discounts,
write-offs, and special negotiations within approved authority limits.
- Recommend operational improvements that enhance efficiency and maximize collection performance.
Scope & Impact
- Portfolio Performance: Monitoring NCL and collection performance indicators.
- Cost Optimization: Reduction of reserves, collection agency fees, and incentive expenses.
- Budget Management: Ensuring compliance with approved budgets.
- People Leadership: Development and management of human capital within the collections organization.
Key Internal Relationships
- Director, Collections & Portfolio Administration
- Executive Leadership Team
- Associate Director, Credit
- Associate Director, Risk
- Associate Director, Human Resources
- Associate Director, Information Systems
- Associate Director, Contact Center