Credit and Collections Specialist

2 days ago


Muscat, Muscat, Oman beBee Careers Full time
Job Title: Credit and Collections Specialist

Key Responsibilities:
  1. Invoicing Management: Organize invoices raised by business divisions for submission to debt collectors. Ensure timely dispatch of invoices by the 10th of every month. Collect, scan, and file acknowledgment copies of all invoices. Publish the Billing Acknowledgment Report daily.
  2. Credit Account Management: Open and close credit customer accounts following defined protocols. Monitor customers' credit limits to ensure billing stays within assigned limits. Report and follow up on customers exceeding their credit limits, adhering to company policies.
  3. Reporting and Coordination: Collaborate with the credit team for payment projections, daily collections, pending payment adjustments, and reconciliations. Ensure accurate daily reporting as per department protocols using Excel.
  4. Post-Dated Cheques Handling: Manage post-dated cheques from in-house customers, including banking, reconciliation, accounting, and posting. Ensure compliance with protocols for post-dated cheques within the Credit & Collections department.
  5. Customer Relationship Development: Maintain 100% compliance in collecting from allocated customers within assigned timelines. Foster positive customer relationships while adhering to the protocols of the Credit & Collections department.
Requirements:
  1. Educational Background: A Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
  2. Professional Experience: Up to 5-7 years of experience in credit management or collections.
  3. Skills and Competencies: Strong understanding of credit management processes and debt collection procedures. Proficient in Microsoft Excel and financial reporting tools.


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