Credit & Collections Manager | Scarborough

2 weeks ago


Toronto, Canada TK Elevator Full time

Credit & Collections Manager | ScarboroughJoin to apply for the Credit & Collections Manager | Scarborough role at TK Elevator.ResponsibilitiesLead and manage the collections process for all customer accounts across service and new installation projects.Monitor and analyze aging reports to reduce DSO (Days Sales Outstanding) and drive collection efficiency.Conduct credit risk assessments and evaluate customer financial stability to inform credit decisions.Review, approve, and sign off on Credit Notes and Bad Debt Write-Offs in accordance with company policies and accounting standards.Interpret and enforce customer contract terms and conditions, including deposit & milestone billing, progress payments, retention/holdback clauses, and change orders.Collaborate with the legal team and project managers to address billing disputes, contract non-compliance, and delayed payments.Build and maintain strong relationships with clients to ensure effective communication and timely payment.Coordinate with internal departments (e.g., sales, operations, project management) to resolve billing discrepancies.Ensure accurate documentation of all collection activities and maintain audit-ready records.Develop and implement process improvements for collections and receivables management.Provide regular reporting on collections status, risk accounts, and key performance metrics to senior leadership.Manage and mentor collections staff of 8, providing guidance, training, and support to ensure performance goals are met.Foster a culture of accountability and continuous improvement within the team by developing staff capabilities and conducting regular performance reviews.Other duties as assigned.QualificationsBachelor’s degree in Finance, Accounting, Business Administration, or a related field.10+ years of experience in collections, with at least 5 years in a supervisory or managerial role.Strong understanding of construction/service industry contract terms, including holdback/retention, lien waivers, and billing cycles.Excellent negotiation, communication, and interpersonal skills.Experience optimizing collection systems, such as GetPaid.Ability to manage multiple priorities and work effectively in a deadline-driven environment.Strong analytical and problem-solving abilities.Seniority levelMid-Senior levelEmployment typeFull-timeJob functionFinanceIndustriesMachinery Manufacturing, Facilities Services, and ConstructionTK Elevator is an equal opportunity employer and is committed to diversity. Qualified applicants will receive consideration for employment without regard to age, gender, race, colour, religion, sexual orientation, gender identity, national origin, disability, age and veteran status, or any other protected status required by applicable law. #J-18808-Ljbffr



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