Collection Supervisor is responsible for Reporting and Analysis: Preparing regular reports on key operational metrics and presenting them to senior management. Additionally, this role analyzes data and provides insights to support strategic decision making and drive operational improvements. The supervisor must ensure that financial information is delivered in a timely manner to the corporate, through the finance center or accounting area. It will also respond to requirements from local authorities and/or internal or external audits.
This position will collaborate with other departments, such as Distribution, Finance, and Lines of business, to ensure seamless coordination and alignment of operational activities with broader organizational goals.
The role will support other collection’s areas overseeing and managing the team with the review of open accounts, identifying issues attributing to account delinquency and discussing them with the line business manager; design and deliver KPI on collections performance, providing regular updates to the Local Collections leader. In addition, will collaborate with other departments to solve complex collection issues, as well as assisting projects related to the Collections processes.
Team Leadership: Providing effective leadership, conducting regular performance evaluations, fostering a positive work environment and development of people.
Develop and implement strategies to optimize collections management.
Reviewing, approving and signing off accounting records related to collections
Relationship Management: Building and maintaining strong relationships with our clients (internal and external)
Provide customer service, resolve situations presented by producers, insured and internal clients, related to premium payments, such as attention to unrecognized charges, duplicate charges and other collection questions
Performance Monitoring: monitoring the performance of collections team, tracking key metrics, such as aging reports, Bad debt reserve and recovery ratios. Analyze data to identify trends, areas for improvements and implement new strategies to enhance overall performance.
Follow up of premium receivables / paid premiums, monitoring the monthly cash budget.
Process Improvement: Continuously assessing and improving collections process to enhance efficiency and effectiveness. Streamline and optimize operational processes across different departments, ensuring maximum productivity.
Training Producers and Distribution teammates
Reporting and Analysis: Generating regular reports and KPI
Compliance: ensuring compliance with regulations and company policies in all collections activities.
Working with the best practices and regulatory changes, implementing necessary adjustments to maintain legal collections practices.