
Cash Flow Specialist
4 days ago
Job Title:
Financial Collection Manager
About the JobThe Financial Collection Manager is responsible for overseeing the accounts receivable process within an organization.
Key Responsibilities include:
- Develop and implement effective strategies for the collection of outstanding debts, analyzing delinquent accounts to identify trends and areas for improvement.
- Monitor accounts to identify overdue payments and determine the appropriate actions to take, communicating with customers or clients to negotiate payment plans and resolve issues or disputes.
- Coordinate with internal departments, such as sales and customer service, to resolve billing and payment-related inquiries.
- Maintain accurate and up-to-date records of all collection activities, including customer interactions and payment arrangements.
- Prepare reports on the overall status of collections.
The ideal candidate will possess the following qualifications and skills:
- A Chartered Accountant (CA) or Cost Accountant (CS)
- Bachelor's degree in finance, accounting, or a related field; a master's degree may be preferred
- Proven experience in accounts receivable management, preferably in a supervisory or managerial role
- Familiarity with accounting principles and practices, particularly as they relate to accounts receivable and collections
Required Skills include:
- Excellent communication and negotiation skills
- Analytical mindset
- Familiarity with collection software
- Ability to work under pressure
- Strong problem-solving skills
- Knowledge of relevant laws and regulations governing debt collection practices
This role requires a unique blend of technical expertise, business acumen, and interpersonal skills.
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