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Collections Operations Manager- Contact Center

Company Description

Company Description

Since opening our first self-storage facility in 1972, Public Storage has grown to become the largest owner and operator of self-storage facilities in the world. With thousands of locations across the U.S. and Europe, and more than 170 million net rentable square feet of real estate, we're also one of the largest landlords.

We've been recognized as A Great Place to Work by the Great Place to Work Institute. And, our employees have also voted us as having Best Career Growth, ranked us in the Top 5% for Work Culture, and in the Top 10% for Diversity and Inclusion.

We're a member of the S&P 500 and FT Global 500. Our common and preferred stocks trade on the New York Stock Exchange.

Job Description

Public Storage is seeking a dedicated and experienced Manager to lead our Collections Program. This role will involve overseeing the internal collections resources as well as providing tactical and strategic direction to multiple vendors to drive performance and efficiencies across all aspects of Collections operations. The position requires collaboration with IT and Field operations to identify opportunities and implement enhancements.  The ideal candidate will bring strategic vision, leadership capabilities, and expertise in collections management to drive results and support the company's financial objectives.

 

ESSENTIAL FUNCTIONS:

  • Manage the administrative and contractual components of BPO partner(s) including invoicing and commission validation.
  • Closely work with BPO partners(s) to achieve collection recovery targets and service levels.
  • Establish performance metrics and KPIs in collaboration with Care Center senior leaders to monitor and drive performance.
  • Maintain regular communication cadence with third-party agencies to review agency and agent performance, discuss overall strategies, handle escalated issues, and provide guidance as needed.
  • Prepare and utilize reporting to monitor and evaluate agency performance and recovery rates, provide insights and recommendations to improve revenue
  • Analyze current collections processes and recommend improvements to streamline operations, reduce costs, and improve recovery outcomes.
  • Work with internal partners on collection efforts, resolving disputes, account discrepancies and providing feedback to improve the overall process
  • Review and respond to escalated inquiries from internal and external customers
  • Develops, maintains, and updates collections department policies, training materials and departmental standards
  • Coaches, develops, mentors and leads direct reports to ensure continuous improvement and achievement of collections goals
  • Routinely conduct review of email conversations and call monitoring to ensure consistency in the level of quality of service, identify training gaps and providing feedback to associates
  • Other projects and duties as assigned
  • Support cross-functional projects as necessary, ensuring alignment with company priorities.

 

Qualifications

REQUIREMENTS:

  • Minimum of 5 years collection management experience
  • Minimum of 3 years managing third-party collections agencies is required
  • BA/ BS degree preferred
  • Effective verbal and written communication skills
  • Strong  analytical skills and attention to detail.
  • Strong organizational skills and the ability to handle multiple priorities

 

ADDITIONAL:

  • Occasional travel to meet with third-party agencies and attend meetings in Public Storage office locations.

 

Additional Information

Additional information

One of our values pillars is to work as OneTeam and we believe that there is no replacement for in-person collaboration but understand the value of some flexibility. Public Storage teammates are expected to work in the office five days each week with the option to take up to three flexible remote days per month.

  • Our office is based in Plano, east of I75 near E. Park Blvd, just North of Historic Downtown Plano.
Public Storage Glassdoor Company Review
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Public Storage DE&I Review
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CEO of Public Storage
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Joseph D. Russell, Jr.
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Average salary estimate

$90000 / YEARLY (est.)
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$80000K
$100000K

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 Operations Manager- Contact Center , Public Storage

Are you ready to take your collections management skills to the next level? Public Storage is on the lookout for a Collections Operations Manager to join our dynamic team in Plano, TX. Since opening our doors in 1972, we've grown into the largest self-storage company globally, and we're proud to be recognized as a great place to work. As our Collections Operations Manager, you'll lead a skilled team, driving strategic direction and enhancing performance metrics across our collections program. You'll collaborate closely with BPO partners, internal teams, and third-party agencies to ensure we not only meet but exceed our collection recovery targets. If you have a knack for analyzing processes and streamlining operations, this role is perfect for you! Your goal is to implement innovative solutions that reduce costs and improve recovery outcomes. Plus, we value leadership, so coaching and mentoring your team will be key aspects of your job. You'll also be responsible for developing departmental policies and maintaining open communication to resolve any escalated inquiries. With a minimum of 5 years of collection management experience, including 3 years of managing third-party agencies, you're equipped to make a significant impact. Join us in creating an inclusive work culture as we support financial objectives and help our company grow. Apply now to be part of a great company that thrives on teamwork, diversity, and innovation.

Frequently Asked Questions (FAQs) for Collections Operations Manager- Contact Center Role at Public Storage
What are the key responsibilities of a Collections Operations Manager at Public Storage?

The Collections Operations Manager at Public Storage is primarily responsible for overseeing internal collections resources and directing multiple vendors to enhance performance and efficiencies. This role involves establishing performance metrics, managing BPO partners, analyzing collections processes, and ensuring that the team meets set collection recovery targets.

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What qualifications do I need to become a Collections Operations Manager at Public Storage?

To qualify for the Collections Operations Manager role at Public Storage, you need a minimum of 5 years of collections management experience and at least 3 years managing third-party collections agencies. A BA/BS degree is preferred, along with strong analytical skills and effective communication abilities.

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How does Public Storage ensure continuous improvement in its collections operations?

Public Storage promotes continuous improvement in collections operations by regularly analyzing current processes, developing training materials, coaching team members, and creating performance metrics. This comprehensive approach enables the team to refine their strategies and achieve better recovery outcomes.

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What qualities make an effective Collections Operations Manager at Public Storage?

An effective Collections Operations Manager at Public Storage should possess strong leadership capabilities, strategic vision, attention to detail, and excellent organizational skills. Ability to handle multiple priorities and communicate effectively are also essential qualities for success in this role.

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What is the work environment like for a Collections Operations Manager at Public Storage?

The work environment for a Collections Operations Manager at Public Storage is collaborative and dynamic, with an emphasis on teamwork. Employees are expected to work in the office five days a week with some flexibility for remote work, fostering a supportive atmosphere that focuses on achieving shared goals.

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Common Interview Questions for Collections Operations Manager- Contact Center
Can you describe your experience managing third-party collections agencies?

In your response, highlight specific instances where you've successfully managed third-party agencies. Discuss the metrics you used for performance evaluation and any challenges you overcame to achieve recovery goals.

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What strategies have you implemented to improve collections processes?

Provide examples of strategies you have developed to enhance efficiency in collections. Focus on data analysis, streamlined workflows, and any training programs you created to improve team performance.

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How do you ensure communication stays consistent with third-party agencies?

Discuss your approach to establishing regular communication cadences, including weekly or monthly meetings and performance reviews. Emphasize the importance of open dialogue and feedback.

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What performance metrics do you believe are most important in collections management?

Identify key performance indicators such as recovery rate, collection effectiveness, and customer satisfaction. Explain how you utilize these metrics to monitor and drive performance improvements.

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How do you handle escalated inquiries from customers?

Describe your approach to conflict resolution and providing exceptional customer service. Share a specific example where you successfully resolved a complex issue.

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What experience do you have with data analysis in collections?

Discuss your familiarity with data analysis tools and techniques. Share an instance where your analysis directly contributed to improved collections outcomes.

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Describe a time when you led a team to overcome a challenge in collections.

Share a specific challenge your team faced and how your leadership facilitated overcoming it. Include details about the methods you used and the resulting improvements in performance.

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Can you explain your approach to training and mentoring your team?

Elaborate on your training methodology, including how you assess training needs and deliver impactful mentoring sessions to instill best practices and improve team performance.

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

Discuss your time management strategies, showcasing how you organize tasks based on urgency and importance, and ensure that your team remains focused on achieving collection goals.

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What do you think is the biggest challenge facing collections today?

Provide insights into current trends in collections, whether technological advances or consumer behavior changes, and share how you prepare your team to adapt to these challenges.

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Since opening our first self-storage facility in 1972, we've grown to become the largest owner and operator of self-storage facilities in the world. With thousands of locations across the U.S. and Europe, and more than 170 million net rentable squ...

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Full-time, hybrid
DATE POSTED
December 28, 2024

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