COLLECTIONS MANAGER POSITION SPECIFICATION
Launched in 2007, 1st Merchant Funding (the “Company”) is a leading provider of merchant cash advance products available to small and medium-sized businesses. The Company utilizes data aggregation and electronic payment receipts in conjunction with proprietary scoring models to evaluate the financial health of small businesses, and provide immediate working capital as quick as two business days. The Company has one of the industry’s largest independent sales networks with over 2,600 independent sales agents marketing its cash advance products. Businesses typically use the Company’s capital to fund expansion, purchase equipment and inventory, increase advertising, manage unexpected expenses and take advantage of seasonal opportunities. The Company is also the exclusive gatekeeper of, PowerForce®, the industry’s leading disruptive financial technology platform. For more information about the Company, visit www.1stmerchantfunding.com.
The Collections Manager role will be based in Miami. Insurance benefits are available the first of the month following sixty days with the Company. 1st Merchant Funding is a growing, technology enabled, fast paced, collaborative and team-oriented financial services firm. We are actively seeking qualified candidates for this role and growth opportunity.
The Company is seeking a collections professional to manage the day-to-day operations of our Asset Management Team. This position reports to the Vice President of Finance. The qualified candidate must always conduct themselves in a professional manner and will ensure any non-performing accounts are actively managed in order to safeguard the assets from unnecessary losses. Follow up on all open and pending items, together with a high degree of reliability on job performance and consistency, is critical to success.
Essential Job Functions:
- Identify and act on non-performing or slow pay accounts and demonstrate proven results. Actions include placing direct phone calls and emails to business owners and/or principals. Actively involved with business owners and/or principals relative to investigating and returning their accounts back to performing status, communicating internally and through the Company’s systems, and if applicable, turning over non-performing accounts to third party collection firm. Follow up on all actions, including with the business owner, principal, Vice President of Finance, Director of Asset Management, and others is essential.
Information accessed and gathered may include confidential and sensitive information of the Company and its merchants. Safeguarding all of this confidential information is an essential part of this role. In addition, strict adherence to compliance of all applicable laws and regulations relative to the performance of the duties hereunder is essential. This role and the corresponding duties may expand to other items as may be requested by the Company.
Knowledge, Skills and Abilities Required:
1st Merchant Funding LLC and its affiliates are equal opportunity employers that exercise high ethical standards and are committed to complying with all laws in the jurisdictions where they conduct business.