
Senior Account Receivable Specialist
1 day ago
Job Description:
The role of Senior Account Receivable Specialist is a key position in our organization, responsible for leading the credit control function to ensure timely collection of outstanding receivables, minimizing bad debts, and maintaining healthy cash flow.
Key Responsibilities:
- Credit Management:
- Develop and implement effective credit control policies, procedures, and credit limits.
- Evaluate new and existing customer creditworthiness through financial analysis, credit scoring, and risk assessments.
- Approve or recommend credit limits and payment terms.
- Monitor the accounts receivable ledger to ensure all debts are collected in a timely manner.
- Review and reconcile customer accounts regularly.
- Ensure accurate and timely allocation of receipts.
- Lead and manage the collections team to follow up on outstanding invoices.
- Resolve invoice disputes and escalate problematic cases to management.
- Maintain regular contact with key customers to secure payments.
- Prepare weekly/monthly reports on receivables, aging, DSO (Days Sales Outstanding), bad debt provisions, and collection efficiency.
- Highlight high-risk accounts and overdue balances to senior management.
- Work closely with the Sales, Legal, and Customer Service teams to resolve credit issues and support customer relationships.
- Liaise with external credit rating agencies and legal advisors when required.
- Manage, train, and motivate the credit control team.
- Set performance KPIs and review team performance regularly.
- Ensure adherence to company credit policies and regulatory requirements.
- Support internal and external audit processes.
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