Payment Recovery

1 week ago

Udaipur, Rajasthan, India Tempsens Instruments (I) Pvt. Ltd. Full time ₹ 4,00,000 - ₹ 6,00,000 per year

Job Title:
Payment Recovery Executive

Experience:
1 Year

Qualification:
Master's Degree in Commerce

Location:
Udaipur

Employment Type:
Full-Time

Job Summary:

We are seeking a proactive and detail-oriented
Payment Recovery Executive
to manage outstanding customer payments and support our finance team. The ideal candidate will have a strong grasp of basic accounting and finance principles, excellent communication skills, and hands-on experience in using tools like SAP for tracking payments and updating records.

Key Responsibilities:

  • Payment Follow-ups:
    Make calls and send emails to customers for overdue payments.
  • Payment Reminders:
    Prepare and dispatch timely payment reminder notices.
  • Bank Reconciliation:
    Monitor and verify payments through bank statements.
  • Customer Communication:
    Explain outstanding dues, billing details, and payment terms clearly to customers.
  • System Updates:
    Update payment status and relevant details accurately in SAP or other ERP systems.
  • Cross-Department Coordination:
    Collaborate with Sales, Billing, and Customer Service departments to resolve disputes or issues delaying payments.
  • Reporting:
    Prepare and maintain daily/weekly MIS reports of collections, pending dues, and recovery progress.
  • Target Tracking:
    Track recovery targets against actual collections and highlight any discrepancies or concerns.
  • Documentation:
    Maintain proper documentation of communication and follow-ups for audit and compliance purposes.

Required Skills & Qualifications:

  • Master's Degree in Commerce (M.Com or equivalent).
  • Minimum 1 year of experience in payment recovery, accounts receivable, or credit control.
  • Working knowledge of
    basic accounting and finance principles
    .
  • Hands-on experience with
    SAP
    or similar ERP systems.

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