Collection Officer

Job description
We are looking for a results-driven and confident credit and collection officer to monitor and enhance the Cash flow. Should be able to properly evaluate situations and present a suitable course of action, be tactful and firm, adjust to workloads, well verse with all financial terms and financial standards.

Key Responsibilities:

• To evaluate and verify the debtors credit rating.
• To evaluate and analyze financial statements KPIs.
• Preparation of Collection Report on weekly basis.
• Follow-up with customers and sales team for the overdue invoices.
• Apply for credit insurance coverage.
• To explain Invoices to customers and resolve discrepancies if any.
• To update payments, credit terms and commercial conditions.
• To determine when to escalate the case to the Sales director.
• Implement Company Payment Management and Escalation Process with Roles, follow the credit Insurance requirements and initiate legal actions if applicable.
• Perform any additional tasks and ad-hoc requests.
• Assist in any accounts receivable related tasks.
• Prepare monthly management reports related to Accounts Receivable aging, collections analysis, bad debt reports, Monthly customer credit rating report and cash inflow forecasts.

Requirements:

Salary:
AED 6,000 to 8,000 per month inclusive of fixed allowances.