Manager of Collections

3 weeks ago


Toronto, Canada Engineering Search Firm Inc. Full time

Join to apply for the Manager of Collections & Credit role at Engineering Search Firm Inc. This position is primarily on site 5 days per week. Location: Scarborough, Ontario, Canada Responsibilities Lead 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, providing guidance, training, and support. Requirements Degree in Finance, Accounting, Business Administration, or a related field. 7+ years of experience in collections, with at least 3+ years in a supervisory or managerial role. Strong understanding of construction/service and manufacturing industry contract terms, including holdback/retention, lien waivers, and billing cycles. Excellent negotiation, communication, and interpersonal skills. Experience and optimizing collection systems, exposure to large ERP systems or GetPaid is highly preferred. Ability to manage multiple priorities and work effectively in a deadline-driven environment. Strong analytical and problem-solving abilities. Job Details Seniority level: Mid-Senior level Employment type: Full-time Job function: Accounting/Auditing Industries: Manufacturing and Strategic Management Services #J-18808-Ljbffr



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