Collection Officer

Collection Officer

- Riyadh, Saudi ArabiaPosted 1 month ago 18People have clicked 1 open position Experience Needed: Not Specified Education Level: Not Specified Job Details

Career Level: Entry Level (Junior Level / Fresh Grad) Salary: Confidential Job Categories:

Skills And Tools:

Job Description

Job description: Role Purpose Ensure the company achieves its financial goals and improve the cash flow by reducing the outstanding receivables. Job Accountabilities & Activities Collection operations - Align with the leasing office on the various procedures that they need to be followed when the contract is signed - Build good relationship with client finance team to speed up the collection process - Review each account to determine the best way to approach the client, and then executing a plan for collection - Extend collection efforts by calls, visits or sending periodic email reminders in professional manner while keeping and improving customer relations - Conduct periodic reviews and devise a plan to improve the weekly collections - Resolving customer billing problems and reducing accounts receivable delinquency - Identify issues attributing to account delinquency and discuss them with management - Ensure any corrections or adjustments are approved as per the authority matrix and reflected in the system in coordination with the accounting team. - Co-ordinate with internal departments to align membership data & premium calculation to help the department get the premiums on time - Reviewing open accounts for collection efforts. - Coordinating with Accounts Department and following up payment status - Ensure monthly statements are despatched to all customers and follow up on any queries arising, by reconciling customer accounts and maintaining accurate customer ledgers. - Perform data cleansing on historical data to ensure accuracy and intercompany trading partner numbers on all transactions. Reporting - Assist in providing all AR audit schedules, VAT reports and other balance sheet schedules as required. - Monitor invoicing and report on invoices delayed / missed. - Inform stakeholders of the daily achievements to give visibility on any delinquencies - Release a weekly report showing the efforts extended during the week - Release a monthly report to the management to show the cash flow outlook and future collection plans Education & Certifications Bachelor’s degree in Accounting, Finance or related field. Required Years of Experience Minimum of 3 years’ experience in relevant field.