Collections Specialist

3 weeks ago


Bagalur, India RERA Consultants Full time
Job Title: Collections Executive (B2B)

Location: Bangalore

Company: RERA Consultants LLP

Reports to: Finance Manager


Job Overview:

RERA Consultants LLP is seeking an experienced and results-driven Collections Executive (B2B) to manage and oversee our accounts receivables at our Bangalore office. The selected candidate will play a critical role in ensuring timely payments from our business clients, reducing outstanding balances, and maintaining effective client relationships.


Key Responsibilities:
  • Client Relationship Management:
    • Maintain positive relationships with B2B clients while ensuring the timely collection of payments.
    • Address and resolve any client inquiries related to invoices, billing, and payment disputes.
  • Collection Process:
    • Manage end-to-end B2B collections, including tracking outstanding invoices and following up with clients for payments.
    • Negotiate payment terms when required while ensuring compliance with company policies.
    • Work closely with clients to ensure proper payment arrangements and adherence to agreed-upon schedules.
  • Reporting & Documentation:
    • Accurately document all collection activities, including communications with clients, payment arrangements, and status updates.
    • Provide regular updates and reports on collection activities and aging receivables to the Finance Manager.
  • Collaboration:
    • Collaborate with the finance and accounting teams to ensure timely and accurate billing and receivables accounting.
    • Assist in resolving discrepancies related to invoicing or payments by coordinating with internal departments.
  • Compliance & Process Adherence:
    • Ensure all collection processes comply with internal company guidelines as well as external regulatory requirements.
    • Follow standard operating procedures for debt recovery, documenting any escalations for legal action if required.
Personality Traits:
  • Self-motivated, with the ability to work independently and manage multiple client accounts simultaneously.
  • Ability to work under pressure and resolve client payment issues effectively.
  • Strong team player with a collaborative approach to problem-solving.
Reporting & Key Metrics:
  • Regular reporting on collection status and overdue accounts to the Finance Manager.
  • Key performance indicators include reduction in outstanding receivables, collection efficiency, and timely resolution of payment issues.
Requirements:
  • Experience:
    • 2-4 years of experience in B2B collections or credit control, preferably in a consulting or professional services firm.
  • Education:
    • Bachelor's degree in finance, accounting, business administration, or a related field.
  • Skills:
    • Strong communication, negotiation, and interpersonal skills.
    • Excellent organizational and time management abilities with keen attention to detail.
    • Proficiency in MS Office (especially Excel) and experience with accounting software (e.g., Zoho, Tally, or similar).


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