Debt Recovery Manager

About the role

MCI is seeking an experienced and results-driven Debt Recovery Manager to oversee and lead collections operations within a fast-paced call center environment. This role is responsible for managing collections supervisors and agents, driving recovery performance, and ensuring operational excellence across all debt recovery activities.

Responsibilities

• Provide leadership, guidance, and support to a team of collections supervisors and agents, fostering a positive and high-performing work environment.
• Set clear performance expectations, goals, and targets for the collections team, and monitor progress against key metrics, including collection rates, call quality, and productivity.
• Develop and implement strategic plans, initiatives, and campaigns to optimize debt recovery efforts, enhance operational efficiency, and maximize collections.
• Identify opportunities for process improvements, technology enhancements, and workflow optimizations to streamline operations and improve performance.
• Monitor and analyze key performance metrics and trends related to collections performance, call volumes, recovery rates, and customer satisfaction.
• Conduct regular performance reviews, provide feedback, coaching, and training to collections supervisors and agents to drive continuous improvement and achieve performance targets.
• Ensure compliance with all applicable laws, regulations, and industry standards governing debt collection practices.
• Implement and enforce policies, procedures, and controls to maintain compliance with regulatory requirements and mitigate operational risks.
• Establish quality assurance programs and processes to monitor the quality and effectiveness of collections activities, including call monitoring, audits, and compliance reviews.
• Identify areas for process improvement, efficiency gains, and automation opportunities to enhance productivity, accuracy, and customer experience.
• Collaborate with internal stakeholders, including senior management, legal, compliance, and operations teams, to align collections strategies with business objectives and priorities.
• Communicate regularly with stakeholders to provide updates on performance, initiatives, and challenges, and solicit feedback to inform decision-making and drive continuous improvement.
• Develop and manage departmental budgets, allocate resources effectively, and optimize staffing levels to support operational needs and achieve financial targets.
• Monitor expenses, analyze variances, and implement cost-saving measures to ensure efficient use of resources and maximize return on investment.

Qualifications

• Associate degree, Certification or Equivalent Combination of Training and Experience
• Proven experience in debt collection, call center operations, or financial services management, with a minimum of 4 years in a managerial role.
• Strong leadership and people management skills, with the ability to inspire, motivate, and empower teams to achieve results and exceed performance targets.
• Thorough understanding of debt collection laws, regulations, and compliance requirements, with a commitment to ethical conduct, integrity, and professionalism.
• Excellent analytical and problem-solving skills, with the ability to analyze data, identify trends, and make data-driven decisions to improve performance and mitigate risks.
• Effective communication and interpersonal skills, with the ability to interact with diverse stakeholders, build relationships, and influence outcomes.
• Proficiency in using call center technology, CRM systems, and analytics tools to manage operations, track performance, and drive continuous improvement.
• Strong project management skills, with the ability to plan, organize, and execute initiatives on time and within budget.
• Demonstrated ability to thrive in a fast-paced, dynamic environment, prioritize competing demands, and adapt to changing business needs and priorities.