Collections director vs finance manager

Differences between collections director and finance manager duties and responsibilities

Collections director example responsibilities.

• Achieve goal a year ahead of schedule, reducing DSO's from a steady 59 days to 43 days.
• Manage team through budget/business plans with oversight responsibility to department objectives.
• Credit and collection duties to maintain appropriate DSO levels.
• Perform collections activities on delinquent loan accounts to include repossessions, foreclosures, bankruptcy proceedings, and disposition of repossess assets.
• Supervise the project to move the majority of vendors and customers to ACH transactions.
• Initial collections experience; develop communication and negotiation skills while quickly progressing through various departments specializing in different financial areas.

Finance manager example responsibilities.

• Manage the preparation of monthly reporting packs and board presentations with robust variance analysis, commentaries and forward looking KPIs.
• Manage a team of sales persons, business managers, sales manager, A/R, A/P, and general managers.
• Lead successful sales team and provide direct oversight on overall dealership business profitability.
• Manage accounts payable/receivable, deposits, payroll preparation, purchasing and inventory management, liaison to accountant.
• Oversee financial analysis, financial audits, G/L, A/R, A/P and fixed-asset accounting in accordance with GAAP standards.
• Execute simple SQL queries to validate data in tables.
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