COLLECTIONS MANAGER
Robert Half · Greater Chicago Area
Apply & track with Apply EdgeHYBRID ROLE – COLLECTIONS MANAGERTime to bust out the sweaters and ditch the job that doesn’t pay you what you’re worth.The salary range for this position is $90,000-$105,000 plus bonus, and it comes with benefits, including medical, vision, dental, life, and disability insurance. To apply to this role please send your resume to john.sadofsky@roberthalf.c0mOverviewThis role plays a critical part in protecting portfolio quality, minimizing credit losses, maximizing recoveries, and delivering outcomes while preserving long-term client, dealer, and vendor relationships. The successful candidate will combine strong commercial judgment, analytical capabilities, negotiation skills, and operational discipline to proactively manage credit deterioration, restructurings, recoveries, and regulatory reporting. Working closely with Risk, Internal Sales, Finance, Legal and Operations, the Collections Manager will contribute directly to the overall financial performance and risk management.Job DescriptionManage the North American collections function for commercial equipment finance portfolios across the U.S. and Canada.Monitor portfolio performance and identify early warning indicators of customer deterioration.Develop proactive collection strategies that maximize recoveries while preserving valuable customer relationships whenever possible.Prioritize collection efforts based on risk, exposure, collateral quality, and probability of recovery.Continuously improve collection effectiveness through data-driven portfolio segmentation and analytics.Lead negotiations involving: Payment arrangements, Loan restructurings, Deferrals, Settlement agreements, Forbearance solutionsEvaluate workout alternatives balancing customer viability, collateral preservation, legal enforceability, and financial impact.Manage escalated customer situations with professionalism and sound business judgment.Coordinate repossessions, voluntary surrenders, remarketing activities, and deficiency recovery efforts.Partner with asset management and remarketing teams to maximize collateral recovery values.Monitor recovery performance and recommend strategies to reduce net credit losses.Ensure compliance with: Company policies, Internal controls, Collection regulations, U.S. and Canadian legal requirementsMonitor Regulatory Default and Forbearance classifications.
Qualifications
Bachelor’s degree in finance, Accounting, Business Administration, Economics or related discipline.5+ years of experience in commercial collections, equipment finance, banking, leasing, or commercial lending.Experience managing commercial customer workout situations.Strong understanding of commercial finance documentation and secured lending.To apply to this role please send your resume to john.sadofsky@roberthalf.c0mOur specialized recruiting professionals apply their expertise and utilize our proprietary AI to find you great job matches faster.