Collection Financial Manager
7 days ago
Company Overview
Sturlite Eclectic Pvt Ltd, a Bangalore-headquartered company, is a prominent player in the manufacturing and trading industry, specializing in LED lights, fans, wires, and switches. The firm boasts a workforce of 501-1000 employees, striving to deliver high-quality products. For more information, visit the company's official website.
Job Description
We are seeking a skilled Collection Executive to join our team in Bangalore. This junior-level, full-time role requires a maximum of 3 years of work experience. The ideal candidate will play a crucial role in managing collections and financial transactions, ensuring timely payments and maintaining excellent relationships with our clients.
Key Qualifications and Skills
- Proficiency in tele collection and understanding of collection processes is mandatory.
- Experience as a Collection Executive with familiarity in collection strategies and challenges is a must.
- Knowledge of Tally ERP to manage and record financial transactions efficiently is essential.
- Strong communication skills in Hindi to effectively communicate with clients and resolve issues.
- Experience as a telecaller, with a focus on handling customer calls and queries professionally.
- Basic accounting knowledge to understand financial statements and perform reconciliations.
- Good problem-solving skills to identify and address collection-related challenges promptly.
- Attention to detail to ensure accuracy in processing financial transactions and records.
Roles and Responsibilities
- Manage the collection of outstanding invoices and ensure timely payment by clients.
- Maintain and update records of all collections and outstanding balances in Tally ERP.
- Communicate regularly with customers to remind them of upcoming payments and address any queries.
- Work closely with the accounting team to reconcile accounts and resolve discrepancies.
- Negotiate payment arrangements to accommodate customer needs while ensuring timely collections.
- Prepare and submit regular reports on collection status and outstanding amounts to management.
- Identify and escalate complex issues to senior management for resolution.
- Follow company policies and procedures to ensure compliance with financial regulations.
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