Collection Coordinator - Internship
On-site Full time
Riyadh, Ar Riyāḍ, Saudi Arabia
Description
We are offering an exciting internship opportunity for a Collection Coordinator at LAWAZEM. As a Collection Coordinator Intern, you will have the opportunity to gain hands-on experience in managing collections, maintaining customer relationships, and ensuring timely payments. This internship will provide valuable insights into the field of finance and collection management.
Responsibilities:
Cash Postings:
Daily postings of total company incoming checks and wire payments to customer AR accounts ( resolve any discrepancies ). Daily postings of credit card payments to customer AR accounts and reconciling batches to credit card processor statements. Daily remote deposit of checks. Research and reconcile customer accounts with open balances due to cash posting variances.
AR Collections:
Review and mail/email invoices & monthly customer statements. Contact customers with current balances due and follow up with promises to pay made but not yet received.
Other duties:
Monitor AR mailboxes and distribute/respond to emails as needed. Track customer collections activity and correspondence. Process customer’s credit memo’s. Recommend policies and/or procedures to management and implement approved procedures and/or changes. Attend and participate in biweekly AR huddles and accounting team meetings. Assist accounting team with tasks when needed. Maintain excel spreadsheets and reports on collection successes and issues. Maintain monthly past due tracking lists on the status of delinquent accounts.
Requirements
Fresh graduate or less than one year of experience in Finance, Accounting, or a related field. Availability to do field work. Strong attention to detail and analytical skills. Proficiency in Microsoft Office, especially Excel. Excellent written and verbal communication skills. Ability to work independently and as part of a team. Ability to handle sensitive and confidential information.* Fluency in Arabic and English.
