• Application Deadline:
• Position: Head of Collections


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 6 - 8 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Description

• The Head of Collections is part of the operations & risk management and is an accountant for overseeing the operations and implementation/testing of FairMoneys Collections Strategies.


• He/She will be required to analyse various collections-related metrics and work with other stakeholders to ensure continuous portfolio monitoring and performance management.


• To manage Collection processes enabling the smooth execution of all processes to ensure maximum customer satisfaction is achieved and service levels are met or exceeded.


• To lead teams to meet and exceed business objectives ensuring the consistent achievement of all financial and operational KPIs across the department.

The objective of this Role

• Maintain constant communication with management, staff, and vendors to ensure proper operations of the collections unit.


• Develop, implement, and maintain quality assurance protocols.


• Grow the efficiency of existing processes and procedures to enhance and sustain the organisation’s internal capacity.


• Actively pursue strategic and operational objectives.


• Ensure operational activities remain on time and within a defined budget.


• Track staffing requirements, hiring new employees as needed.

Roles and Responsibilities

• Responsible for the management and development of the collections teams ensuring that each area within the department meets its KPIs and ensures compliance with all company policies and procedures


• Ensure that robust collection procedures are in place with a specific focus on reducing overdue debt & improving cash receipts delivering a seamless end-to-end process for the customer


• To lead and implement strategic initiatives linked to FairMoney corporate objectives in order to ensure continuous improvement and best practice


• Responsible for ensuring that the headcount and operating departmental costs are within budget and that costs are well controlled.


• Lead, motivate and organise personnel to adhere to FairMoney core values and deliver a high level of staff engagement


• Work with other areas to ensure alignment of structure, process and procedure, sharing best practices and driving continuous improvement


• Introduce/maintain high levels of process automation to reduce costs and increase the speed & timeliness of transactional processing


• Ensure all staff are properly trained and have appropriate resources available to be successful in their roles


• Instigate legal proceedings against delinquent debtors and ensure management of associated costs


• Direct involvement in the recruitment, selection induction and ongoing skills development for all direct reports, ensuring we attract and retain the best talent.


• Line management responsibility for Managers and Team Leads.


• Undertake formal performance reviews and 1:1 meetings with direct reports against KPIs.


• Apply a process of continuous review and proactive management of absenteeism and attrition across all Teams taking appropriate action where necessary.


• Management of any campaign migration or new business implementation.


• Overall accountability for training, development and mentoring of direct reports to provide opportunities for skills expansion and career development.


• Facilitate a culture of open and honest 2-way communication ensuring key messages are cascaded.


• Ensure call monitoring is undertaken and reported monthly across representative samples of all transaction types and appropriate action is taken to correct any shortfall.


• Management of any operations escalations relating to the Operational team’s performance.


• Preparing, analyzing and presenting data to the Ops Head as part of weekly and monthly performance reviews.


• Ensure forecasts and work schedules are accurately completed using relevant data information and scheduling tool.


• Initiate the review of the collection strategy manual and queuing criteria on a quarterly basis or as business requires.


• Initiate a review of the Collections Procedures Quarterly or as business requires.


• Agency appointment and supervision. Coordinates the activities of the external agent which include but is not limited to engagement, a compilation of cases, a review of performance and periodic reports


• Monitor and ensure that the external collectors adhere to the Code of Conduct. Ensure all customer payments are acknowledged by receipts and final discharge when resolved.

Requirements

• Bachelor's Degree in Finance, Accounting or a related field.


• 6 - 8 years experience as a collections manager.


• Experience with accounting software.


• The ability to work accurately and independently.


• Good verbal and written communication skills.


• Excellent analytical skills and an eye for detail.


• Outstanding leadership and managerial skills.


• Strong time and people management skills.


• Ability to work to strict deadlines.

Benefits

• Private Health Insurance


• Pension Plan


• Training & Development


• Performance Bonus.