Developing
and implementing strategies to recover outstanding payments and improve
cashflow.
Reviewing
credit agreements and contracts, maintaining accurate records of accounts, and
working closely with other departments to facilitate timely payments.
Plays an
integral role in ensuring the financial health of a company by managing debt
collection activities effectively.
Contacting
customers to collect payment on past-due accounts.
Recording
and maintaining accurate records of payment transactions
Identifying
and resolving payment discrepancies
Communicating
effectively with team members, management, and customers
Evaluating
delinquent accounts and recommending actions to resolve issues.
Applying
legal and regulatory guidelines to collections activity where applicable
Monitor
accounts daily & maintain precise records of all incoming payments.
Prepare and
present reports on collection activities and progress.
Reports on
collection activity and accounts receivable status
Support
Other accounting areas
Update
Advance receipt files & communicate the daily receipts to the stakeholders
Cash
application in the books
Additional
support during audits
AR Ageing
reporting and Analysis
Participate
in other Reporting activities
Requirements
Proven
experience as a Collection Specialist or similar role
Strong
communication skills and the ability to negotiate with clients.
Excellent
knowledge of billing procedures & various collection techniques
Working
knowledge in accounting Systems such as Oracle/SAP/Quick Books/ZOHO/Odoo (Any
one of these)
Working
knowledge of MS Office and databases
Comfortable
working with targets
Knowledge
of collection laws and regulations
Excellent
communication and interpersonal skills
Problem-solving
and critical-thinking skills
Bachelor’s
degree in Accounting with Minimum 5+ Years of work experience
