Collections/account manager vs cash manager

Differences between collections/account manager and cash manager duties and responsibilities

Collections/account manager example responsibilities.

• Achieve historical low of six percent in A/R over 30 days past due and reduction of DSO to 53 days.
• Process payroll and employee benefits, mediated/resolve personnel issues and assure EEOC and OSHA compliance.
• Handle high volume incoming/outgoing calls, skip-tracing to find location information by following FDCPA regulations and hit monthly budget.
• Maintain and ensure a working knowledge of all federal, state and local governmental regulations including FDCPA, TCPA and FISMA.
• Negotiate and execute contract labor, outsourcing and payroll servicing contracts.
• Resolve delinquency by ACH payment collections, implement payment programs and negotiate settlements.
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Cash manager example responsibilities.

• Lead and implement design of finance functions of new ERP system.
• Manage day-to-day operational processing of securities lending program along with performing frequent analysis and audits for management reporting.
• Process weekly ACH sweeps from depository accounts to corporate, wire transfers and other banking functions using PC.
• Convert the in house manual system to an ADP ERP system.
• Report bi-weekly on Sarbanes-Oxley relate to credits, debits and manual price adjustments.
• Research and application of all GAAP policies and procedures as they pertain to the business.
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