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Collections Manager

At Byrider, America's largest buy here pay here dealership network, we pride ourselves on delivering a reliable and affordable car-buying experience to our valued customers. Having sold over 1.2 million cars across more than 100 locations nationwide, we are committed to helping individuals find the right vehicle while providing in-house financing options.

We are currently seeking a dedicated Collections Manager who will play a pivotal role in our operations as we continue to grow. The ideal candidate will be responsible for overseeing the collections process, maintaining customer relationships, and ensuring that our financial protocols are followed to maximize revenue while upholding our commitment to customer service.

As a Collections Manager at Byrider, you will be instrumental in implementing strategies to effectively collect outstanding debts while maintaining a compassionate understanding of our customers' situations.

Join our team and contribute to our mission of providing trustworthy vehicle sales and financing solutions. If you're a driven and organized individual with a passion for collections and customer service, we encourage you to apply and become part of our dynamic team at Byrider.

Rewards

  • $100,000.00 - $110,000.00 base salary commensurate with experience
  • Monthly incentive plan
  • Annual compensation up to $130,000.00+
  • Full benefits and paid time off
  • Extensive training
  • Growing national company
  • Industry best customer program
  • Career growth potential
  • Relocation assistance provided

Responsibilities

  • Oversee the collections department and manage day-to-day operations.
  • Develop and implement effective collection strategies to minimize bad debt.
  • Train, mentor, and manage collections staff to achieve departmental goals.
  • Maintain and analyze collections data to ensure compliance with industry regulations.
  • Build and maintain positive relationships with customers to facilitate successful repayment.
  • Collaborate with other departments to improve the overall customer experience.
  • Prepare regular reports on collections performance and present findings to senior management.

Requirements

  • Minimum of 5 years of experience in collections or financial services, with managerial experience preferred.
  • Strong understanding of collection laws and regulations.
  • Exceptional communication and negotiation skills.
  • Ability to work in a fast-paced environment and handle multiple priorities.
  • Proficient in using collection software and Microsoft Office Suite.
  • Detail-oriented with strong analytical and problem-solving skills.
  • Ability to work some early evening and Saturday work hours. 

Keywords: Collections Manager, Manager of Collections, Collection Manager, Collections Management, Collection Management

 

 

Average salary estimate

$105000 / YEARLY (est.)
min
max
$100000K
$110000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Collections Manager, Byrider

At Byrider, America's largest buy here pay here dealership network, we're all about making car ownership easy, reliable, and budget-friendly for our customers. We’ve successfully sold over 1.2 million cars, and our in-house financing options help people get into vehicles they can afford. We're excited to welcome a Collections Manager to our growing family, playing a crucial role in ensuring our collections process runs smoothly and efficiently. In this position, you will oversee the collections department while fostering meaningful relationships with customers, understanding their financial situations, and guiding them through the repayment process. Your ability to implement innovative collection strategies will directly influence our revenue and help us maintain our high standard of customer service. As a Collections Manager at Byrider, you will collaborate with various teams to enhance customer satisfaction while preparing insightful reports for senior management. If you have a strong background in collections, exceptional communication skills, and a knack for leading a team, we want to hear from you! Join us and elevate the car-buying experience for customers across the nation while enjoying competitive pay, robust benefits, and opportunities for career advancement.

Frequently Asked Questions (FAQs) for Collections Manager Role at Byrider
What are the responsibilities of a Collections Manager at Byrider?

As a Collections Manager at Byrider, you'll oversee the collections department, manage daily operations, and develop strategies to minimize bad debt. You will train and mentor collections staff to achieve departmental goals and maintain positive relationships with customers for smooth repayment processes. Additionally, analyzing collections data to ensure compliance with industry regulations and preparing regular performance reports are also key responsibilities.

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What qualifications are needed to apply for the Collections Manager position at Byrider?

To be a successful candidate for the Collections Manager position at Byrider, you should have a minimum of 5 years of experience in collections or financial services, ideally with managerial experience. Strong understanding of collection laws, exceptional communication and negotiation skills, and proficiency in collection software and Microsoft Office Suite are essential.

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How does Byrider support the professional growth of Collections Managers?

Byrider is committed to your professional growth as a Collections Manager. We provide extensive training, a clear pathway for career advancement, and a supportive work environment. Additionally, the fast-paced nature of our company offers numerous opportunities to develop new skills while contributing to our mission of providing trustworthy vehicle sales and financing solutions.

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What is the expected salary for a Collections Manager at Byrider?

The salary for a Collections Manager at Byrider ranges from $100,000 to $110,000 annually, depending on experience, with the potential for annual compensation exceeding $130,000 when including performance-based incentives. This competitive pay reflects our commitment to attracting and retaining top talent in the industry.

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What type of work environment can a Collections Manager expect at Byrider?

At Byrider, a Collections Manager can expect a dynamic and fast-paced work environment where teamwork and collaboration are essential. You'll be part of a supportive team that values communication and strives to maintain strong customer relationships, making it an engaging place to work.

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Common Interview Questions for Collections Manager
Can you describe your experience in managing collections teams?

In discussing your experience, highlight specific achievements such as how you successfully led a team through challenging collection periods. Emphasize your leadership style, how you trained and motivated your team, and any improvements in metrics like reduced bad debt that you influenced.

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What strategies do you use to minimize bad debt?

When answering this question, discuss specific collection strategies you’ve implemented, such as payment plan options or proactive customer outreach. Share examples of how these strategies have positively impacted your previous employers' collection rates.

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How do you maintain compliance with collection laws and regulations?

It’s essential to express your understanding of relevant laws and your commitment to compliance. Discuss your approach to staying updated with legal requirements and how you ensure your team adheres to these regulations in every collection process.

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How would you handle a difficult conversation with a customer regarding their debt?

In response, emphasize the importance of empathy and active listening. Describe a scenario where you turned a negative situation around by providing supportive solutions, showing how you balance professionalism with compassion.

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What methods do you use to analyze collection data effectively?

Talk about the tools and software you are familiar with for tracking and analyzing collections performance. Share specific metrics you focus on—like recovery rates—and how you use this data to inform strategy and improve results.

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Can you explain your approach to team training and development?

Discuss your philosophy on training, focusing on ongoing education and mentorship. Share an example of a team training initiative you led and the impact it had on both staff performance and overall collections efficiency.

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How do you prioritize multiple tasks in a fast-paced environment?

Here, you should illustrate your organizational skills and ability to delegate appropriately. Provide a specific example of a time you successfully managed competing priorities, ensuring no task fell through the cracks.

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What role does customer relationship management play in collections?

Emphasize how fostering positive customer relationships can lead to successful repayment. Share specific practices you implement to build rapport, such as regular follow-ups or personalized communication strategies.

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How do you report collections performance to senior management?

Explain your process for preparing reports, including key metrics and insights you believe are crucial. Mention how you tailor your presentations to ensure clarity and impact, facilitating informed decision-making at the managerial level.

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Why do you want to work as a Collections Manager at Byrider?

Take this opportunity to express your alignment with Byrider's mission and values. Discuss your passion for the auto industry, commitment to customer service, and how your skills align with the company's growth goals, showcasing your motivation to contribute positively.

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Founded in 1989, Byrider is a buy-here, pay-here dealership. They specialize in auto financing for individuals with bad or no credit. The company is headquartered in Carmel, Indiana.

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Full-time, on-site
DATE POSTED
April 5, 2025

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