Finance & Accounting Sr Associate

AR Collections - Finance & Accounting Sr. Associate

Job brief

We seek a competent Collection Specialist to contact clients and collect outstanding payments. Person must strike a balance between maintaining trustful relationships and ensuring timely payments. Our Collection Specialist should exhibit professionalism and trustworthiness.

Minimum Experience, Education and Certifications

. Graduation in Commerce, MBA - Finance or equivalent combination of education in the finance domain

. Requires 1-3 years relevant experience

Technical Skill

. Solid knowledge of relevant accounting principles

. Solid data analysis skills

. Problem resolving skills and should be a team player

. ERP - SAP (preferred)

. Working knowledge of MS Office and databases

Soft Skills

. Knowledge of billing procedures and collection techniques

. Proven experience as a Collection Specialist or similar role

. Comfortable working with targets

. Patience and ability to manage stress

. Excellent communication skills (written and oral)

. Skilled in negotiation with clients

Job Responsibilities

. Monitoring accounts to identify overdue payments

. Finding and contacting customers to arrange debt payoffs

. Keeping accurate records and reporting on collection activity

. Investigate historical data for each debt or invoice

. Take actions to encourage timely debt payments and as per contractual terms

. Process payments and refunds

. Resolve billing and customer credit issues

. Report on collection activity and accounts receivable status

. Ensure all payments are timely and correctly applied.

. Should have exposure on DSO calculation.

. Sending weekly Statement of Account, open AR report and unapplied Payment report to the Management.

. Provide timely remittance to cash application team and support them to apply the payment timely and correctly.