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The Role
The Senior Manager for Collections and Cash Applications will oversee the collections and cash application functions within Solera. This role requires a strategic leader with extensive experience in financial operations, particularly in managing collections and cash application processes in a transformational environment. The successful candidate will drive change, improve efficiency, and ensure the integration of systems and processes across multiple acquisitions.

Key Responsibilities:

Leadership & Strategy:

• Lead and mentor the collections and cash applications team, fostering a high-performance culture and continuous improvement mindset.
• Develop and implement strategic initiatives to optimize collections and cash application processes in alignment with Solera’s overall financial goals.

Process Improvement:

• Assess current collections and cash application processes, identifying areas for improvement and standardization across acquired entities.
• Design and implement best practices for collections and cash applications to enhance efficiency and effectiveness.

Integration Management:

• Collaborate with cross-functional teams to ensure seamless integration of financial systems and processes from various acquisitions.
• Work closely with IT and finance teams to facilitate system upgrades and enhancements that support collections and cash application operations.

Performance Metrics:

• Establish key performance indicators (KPIs) to measure the effectiveness of collections and cash application processes.
• Monitor and report on collections performance, providing insights and recommendations to senior management.

Risk Management:

• Identify potential risks related to credit and collections and develop mitigation strategies to protect Solera’s financial interests.
• Ensure compliance with relevant regulations and internal policies.

Customer Relationship Management:

• Maintain strong relationships with internal stakeholders and external customers to facilitate timely collections and resolve disputes.
• Develop effective communication strategies to enhance customer experience during the collections process.

Qualifications:

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field; MBA or relevant professional certification (e.g., CPA, CMA) preferred.
• 7+ years of experience in collections and cash applications, with at least 3 years in a managerial role, preferably in the automotive or technology sector.
• Proven track record of driving process improvements and managing change in a complex, transformational environment.
• Strong understanding of financial systems, accounting principles, and cash management practices.
• Exceptional analytical and problem-solving skills with the ability to make data-driven decisions.
• Excellent communication, negotiation, and interpersonal skills.
• Demonstrated ability to lead and motivate teams to achieve operational excellence.