Collections Specialist

3 weeks ago


India PROVEN Full time

Job Description

  • 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
  • Team Player
  • KSA/GCC experience preferred


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