Recovery / Collection Executive
11 hours ago
**Job Title**: Recovery / Collection Executive - Accounts Department
**Budget/Salary**: ₹25,000 - ₹30,000 per month
**Company**: [Endeavour Instrument Private Limited] (Manufacturer of EOT Cranes & Weighbridges)
**Key Responsibilities**:
- **Assessing Sales Orders for Payment Terms**:
- Review each sales order to ensure payment terms are clearly defined and communicated.
- **Timely Collections**:
- Ensure that collections are received in accordance with agreed-upon payment terms.
- Proactively follow up on overdue payments and take necessary action to secure timely settlements.
- **Managing ABG/PBG Matters**:
- Handle matters related to Advance Bank Guarantee (ABG) and Performance Bank Guarantee (PBG), ensuring proper documentation and recovery.
- **Direct Communication with Clients and Sales Team**:
- Engage directly with clients to discuss overdue payments and resolve any issues related to payment.
- Communicate with the sales team to understand client accounts and resolve pending collections.
- **Follow-Up on Pending Work**:
- Collaborate with internal teams like service and installation departments to ensure pending work doesn’t delay payments and collections.
- **Reporting to Management**:
- Keep management updated about irregularities in collections and provide clarity on the status of outstanding payments.
- Prepare regular reports for management to ensure smooth operations.
- **Legal Notice Handling**:
- In case of extreme delays or non-payments, follow up with lawyers and coordinate any necessary legal action to recover dues.
- **Account Reconciliation**:
- Handle account reconciliation with clients where multiple departments are doing business with the same party to ensure clarity and avoid discrepancies.
**Requirements**:
- Previous experience in recovery and collections, ideally in a manufacturing or industrial sector.
- Excellent communication skills to engage effectively with clients, internal teams, and management.
- Ability to follow up efficiently and handle legal processes if required.
- Must be willing to travel for meetings and follow-ups.
- Strong organizational skills to manage multiple accounts and departments.
**Desired Skills**:
- Knowledge of ABG/PBG policies and recovery processes.
- Ability to work independently and maintain regular communication with management.
- A proactive attitude towards solving problems and resolving payment delays.
**Why Join Us**:
- Work with a leading manufacturer of EOT cranes and weighbridges.
- Opportunity to contribute to improving the financial health of the organization.
- Competitive salary within the range of ₹25,000 - ₹30,000 per month.
- Travel opportunities for client meetings and follow-ups.
**Job Types**: Full-time, Permanent
Pay: ₹20,000.00 - ₹30,000.00 per month
Schedule:
- Day shift
Supplemental Pay:
- Yearly bonus
Work Location: In person
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