32 Collections Specialist jobs in Pakistan

Education/Experience:-

- Years of experience in Credit and Business Controls

- ACCA/CIMA/MBA in Finance from a reputable organization

Job Role includes:-

Supervise Accounts Receivable function

- Reconciliation of customer accounts
- Quarterly activity of FOC
- Resolve issues of customer accounts clearing
- On-time collections recording and adjustments
- Unapplied credit balances
- Income Tax Deduction Certificates and adjustments in customer accounts
- Balance confirmation letter activity twice a year
- Responsible for implementing group AR policy
- Gift Register - monthly calls with gift champions at both sites

- Release credit orders according to DOA (taking status of overdue from commercial team) when required

- Risk screening from D&B Portal at the time of customer's account creation and status change (from inactive to active). Update the status in CDMS

- Adjust Credit Limits and Payment Terms in system via CDMS & CCMS based on business needs

- Remove credit limits from inactive and disputed accounts

- Chase DSO and collections for the relevant period with the commercial team

- Forecast collections based on DSO & outstanding amounts of the relevant period

- Approve or reject credit limits run by Data Science Model (and obtain approval from necessary authorities if accepted)

- Manage payment schedules, expected provisions for upcoming months, current month provision schedule, and debtors aging

- Coordinate with the commercial team to secure required payments and reduce provisions

- Check open documents at month-end to identify material returned cases for follow-up

- Handle write-off cases

- Liaise with lawyers and internal legal team in case of customer disputes

- Block or unblock inactive accounts as required

- Incorporate credit notes following DOA

- Provide data to internal and external auditors

- Finalize collection incentives for the commercial team

- Remove freight and shade charges from the system

- Conduct YPCM & month-end controls (run specific T-codes at month-end)

- Release debit notes for scrap

- Facilitate testing processes in the quality server

Business Controls

- Maintain Key Control Framework (KCF) for all supervised functions and follow up on action points

- Complete Risk Questionnaires

- Coordinate with the Global Controllership team for policy clarifications and best practices

- Manage Local DOA

• Maintaining records regarding payments and account statuses.
• Processing, verifying, and preparation of invoices.
• Researching and resolving account discrepancies where required.
• Insure timely payments as per the service agreements.
• Performing administrative and clerical tasks, such as data entry, preparing invoices, sending bill reminders, filing paperwork, and contacting clients for timely payments.
• Generating reports and files for internal use.
  
  
  

• Bachelors degree in accounting, finance, or related field.
• At least 3 years of experience in a similar role
• Strong math, typing, and computer skills
• High level of accuracy, efficiency, and accountability.
• Attention to detail.
• Ability to build relationships with clients and internal departments
  

We are looking for a self-motivated individual with a passion for finance, who is willing to coordinate and process all aspects of credit control whilst providing support to the finance team and working closely with the Credit Control Manager and collaborate with the wider finance team. You will be working in a busy finance department and will be responsible for chasing overdue invoices, dealing with invoice queries, answering emails and the telephone. As this is a junior role, full training will be provided and the ideal candidate will be someone who has a passion for learning about credit control and finance. However, some credit control/finance experience is desirable. This is an excellent opportunity for someone looking to gain experience within a busy finance function or to take their first steps into a career in credit control.

The Job

· Collecting due and overdue debts

· Contacting individuals or business customers when payment is overdue

· Processing payments and updating our bespoke system accurately once payment received

· Identifying potential bad debts and escalating these to the Credit Control manager as required

· Processing and generating reminder letters and statements

· Dealing with customer queries effectively

· To actively drive the reduction in invoice queries within the wider business

· To highlight any issues to the Credit Control manager that may impact cash collection

· Provide a high standard of customer service at all times

· Provide timely and accurate reports to the business

· General administration within the finance department as and when required

About You

· AAT qualification or working towards is desirable but not essential

· Recently graduated with a BA Accounting and Finance, or similar

· Strong and confident telephone manner

· Strong problem solving skills with attention to detail and time management skills

· Hands on approach

· Strong communicator with excellent inter-personal skills

· Solid IT skills and be technology savvy

· Ability to make decisions using good judgement both quickly and efficiently

· Ability to work under own initiative

· Ability to maintain confidentiality and integrity at all times

We are looking for a self-motivated individual with a passion for finance, who is willing to coordinate and process all aspects of credit control whilst providing support to the finance team and working closely with the Credit Control Manager and collaborate with the wider finance team. You will be working in a busy finance department and will be responsible for chasing overdue invoices, dealing with invoice queries, answering emails and the telephone. As this is a junior role, full training will be provided and the ideal candidate will be someone who has a passion for learning about credit control and finance. However, some credit control/finance experience is desirable. This is an excellent opportunity for someone looking to gain experience within a busy finance function or to take their first steps into a career in credit control.

The Job

• Collecting due and overdue debts
• Contacting individuals or business customers when payment is overdue
• Processing payments and updating our bespoke system accurately once payment received
• Identifying potential bad debts and escalating these to the Credit Control manager as required
• Processing and generating reminder letters and statements
• Dealing with customer queries effectively
• To actively drive the reduction in invoice queries within the wider business
• To highlight any issues to the Credit Control manager that may impact cash collection
• Provide a high standard of customer service at all times
• Provide timely and accurate reports to the business
• General administration within the finance department as and when required
  
  

• AAT qualification or working towards is desirable but not essential
• Recently graduated with a BA Accounting and Finance, or similar
• Strong and confident telephone manner
• Strong problem solving skills with attention to detail and time management skills
• Hands on approach
• Strong communicator with excellent inter-personal skills
• Solid IT skills and be technology savvy
• Ability to make decisions using good judgement both quickly and efficiently
• Ability to work under own initiative
• Ability to maintain confidentiality and integrity at all times