Debt Recovery Specialist

2 weeks ago

Chandigarh, Chandigarh, India beBeeCredit Full time ₹ 9,00,000 - ₹ 12,00,000
Key Responsibilities

This role involves managing collections, which includes initiating contact with customers via phone calls, emails, or letters to ensure timely payment of outstanding invoices. It also entails implementing collection strategies and follow-up procedures to minimize delinquent accounts.

A key aspect of this position is negotiating payment arrangements and establishing suitable payment plans with customers who are experiencing financial difficulties. Additionally, monitoring customer accounts and maintaining accurate records of collection activities, including payment promises and disputes, is crucial.

The role also encompasses account reconciliation, where you will perform regular account reconciliations to ensure accurate tracking of outstanding balances. This involves investigating and resolving discrepancies or disputes raised by customers related to their invoices or payments.

Furthermore, credit assessment is a vital component of this job. You will evaluate the creditworthiness of new and existing customers by analyzing financial statements, credit reports, and payment histories. Based on this analysis, you will review and update credit limits for customers and recommend appropriate credit terms and conditions for new customers or changes to existing customers' credit terms.

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