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  • Collections Manager

    Join the growing specialty finance industry!
    Role. Collections Manager
    Merchant Cash Advance company, with offices in New York and Chicago, is looking for an experienced collections manager that will handle overall collections daily and manage a small staff. With tremendous anticipated growth of our company, the staff is expected to grow. Must have a minimum of three years of collections experience within the MCA industry and be willing to relocate to Chicago. Company will pay for relocation.
    Lendr is revolutionizing the way small businesses get access to capital. Every day we help hard-working clients get the cash to help them grow.
    We’re looking for a full-time Collections Manager who wants to build a career with Lendr. This is a fast-paced environment, we are looking for someone with a go-getter attitude who wants to jump in and make a difference.

    Who thrives here.
    We’re passionate about what we do and everyone contributes. We believe in giving honest clients an honest chance to succeed. That means putting our all into thoughtful, responsible financial solutions. Teamwork is important. Integrity is a must.
    At Lendr, there are no limits. Your career goes as far as your talents will take you. We do our best to provide an inspiring and supportive environment so you can grow with the company. Our offices are in River North on the top floor of a loft building with an outdoor deck.
    More about this role.

    Position Duties:
    • You supervise, train, and coach team members
    • You provide accurate, financial and collections, record keeping
    • Contact clients in pre-default status and schedule site inspections for defaulting clients
    • Analyze defaults and slow paying clients, manage, and collect slow paying/delinquent/defaulted accounts
    • Skip tracing and spoof calling of defaulted clients
    • Prepare monthly collection reports, report commission retrievals, minimize bad debt and analyze risk
    • Prepare promissory notes, create and schedule payment arrangements
    • Negotiate settlements with client
    • Pre-litigation, seizure, collection processes
    • Review/analyze performance of existing loan portfolio
    • You help manage daily operations for credit, collections, and cash
    • You develop processes and procedures for evaluating customer financials and setting or changing credit limits.
    • You pull and evaluate business credit reports.
    • You analyze financial statements of large, high-risk customers and report findings and recommendations to senior management.
    • You develop sound, acceptable credit policies.
    • You review credit and collection reports to evaluate effectiveness of current policies and procedures.
    • You complete ad hoc projects that require data mining and analytical skills.
    • Additional duties as defined by supervisor

    Skills and Capabilities
    • You have the required 3+ years with merchant cash advance experience and 3+ years in management.
    • You have a strong knowledge of bankruptcy and collection laws is necessary
    • You can effectively communicate with management and outside legal counsel
    • You must be well versed with legal issues related to collections, including bankruptcy procedures and protocol.
    • You have significant experience working with collection agencies.
    • You have a demonstrated track record of successful work outs.
    • You have a Bachelor’s Degree, with a major in finance or accounting preferred.
    • You have very strong communication skills.

    Grow with us.
    Bring your best problem-solving skills and a customer-first attitude, and we’ll bring the resources and environment you need to do great work with smart people.

    Please submit resume to All inquiries, resumes and applications will be held in strict confidence.
    Last edited by lendr153; 03-02-2017, 12:37 PM.