Debt Recovery Officer

1 day ago


Muscat, Muscat, Oman Alhashargroup Full time
Job Title : Financial Account Manager

The Financial Account Manager plays a vital role in ensuring sustainable credit and collections management. Key responsibilities include executing tasks to manage the credit function efficiently, organizing and segregating invoices, managing credit account processes, handling post-dated cheques, and maintaining customer relationships.

Key Responsibilities:

  1. Organizing & Segregation of Invoices:
    The Financial Account Manager organizes invoices raised by respective business divisions for submission through debt collectors. Timely dispatch of invoices is crucial, with a target date of the 10th of every month. Acknowledgment copies of all invoices are collected, scanned, and filed, and the Billing Acknowledgment Report (BAS) is published daily.
  2. Credit Account Opening, Closing & Monitoring:
    The Financial Account Manager opens and closes credit customer accounts following defined protocols, ensuring compliance with company policies. Customer credit limits are monitored to ensure billing stays within assigned limits, and any customers exceeding their credit limits are reported and followed up on.
  3. Reporting Management:
    The Financial Account Manager coordinates with the credit team for payment projections, daily collections, pending payment adjustments, and reconciliations. Accurate daily reporting is ensured using Excel, as per department protocols.
  4. Post-Dated Cheques Management:
    The Financial Account Manager manages in-house customers' post-dated cheques, including banking, reconciliation, accounting, and posting. Compliance with protocols for post-dated cheques within the Credit & Collections department is maintained.
  5. Customer Relationship Management:
    The Financial Account Manager ensures 100% compliance in collecting from allocated customers within assigned timelines. Positive customer relationships are maintained while adhering to the protocols of the Credit & Collections department.


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