Credit and Collection Assistant

Styro Insulations Materials Ind. LLC

Sharjah, UAE

Posted
Ref: QP373-13

Job description / Role

Employment: Full Time

Job Brief
A Credit and Collection Assistant is responsible for collecting receivables due from clients in a timely manner. The position is responsible for updating a client’s contact details and the status of their account. If a client has not transmitted their payment on or before its due date, it is the responsibility of the Credit and Collection Assistant to immediately contact the client and the Technical Sales Representative managing the client's account.

Responsibilities
• Responsible for daily follow-ups and scheduling of collections to a group of companies Clients.
• Records daily collection for a group of companies Clients.
• Prepares reports for SOA, monitoring of invoices & balance collection status.
• Monitors clients' paying habit & collection details.
• Accepts collections and issue an official receipt
• Ensure payments (checks, cash, and bank transfers) are daily posted correctly and daily banked, issue receipts for payments upload and send the receipt to the client.
• Monitor client accounts constantly to identify any problems or any potential bad debt.
• Follow the collection cycle process daily in detail as per the company’s policy.
• Ensure post and courier are opened promptly.
• Ensure all customers have valid trade licenses
• Ensure Credit application Status Form is completed by the client with all required supporting documents to hand to legal and Collections Manager for review and approval.
• Generate various reports as requested by the management.
• Act as a point of reference and advice for the STYRO team and Customers.
• Provide customer service regarding collection issues, process customer refunds, process, and review account adjustments and resolve client discrepancies and short payments.
• Verify all transactions comply with financial policies and procedures in line with the company procedures.
• Coordinate with the Accounts department to maintain a list of Accounts Receivable and Payable.
• Perform other related tasks and duties as assigned by the management from time to time

Requirements

Required Skills and Qualifications
• Graduate of BSC Accounting, finance or equivalent
• Must have at least 2-year experience in Finance and credit and collection.
• Mature, independent, hardworking, honest, good communication skills.
• Good command in English.
• Must possess the good analytical ability.
• Exposure in all phases of accounting.
• Capability/potential for acquiring higher responsibilities.
• Computer literate in Windows environment and other commonly used accounting software.
• Must be knowledgeable in Credit/Debt Collection, basic accounting, bank transactions.

About the Company

STYRO Insulation Mat. Ind. L.L.C was founded in 2000, producing and installing complete Expanded Polystyrene Solutions in the UAE and MENA region. It is therefore considered the number one EPS manufacturer in the region as the market leader and main supplier of all EPS products.

STYRO is present heavily all over the UAE and Oman and GCC with plans to expand further in the region to reach all NENA region. We currently run two plants with a total surface area of 44,000 m^2, where approximately 250 technicians and workers are employed full time. We have a strong focused vision on sustainable growth and constant stability. We are achieving that by improving our business with continuous technical research and support through our Customer Service and R&D teams.

Our hand-picked staff ranges between conversant engineers, experienced sales executives, vibrant marketing team and best customer service representatives who are all focused on satisfying our client's needs and provide the best pre/post-sales service experience possible to our valued customers.

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Assistant salaries in UAE

Average monthly compensation
AED 5,000

Breakdown available for industries, cities and years of experience