Accountant Collections Commercial

<br> <div><div style='padding: 10px 0px;border: 1px solid transparent;'><div style='font-size:16px;word-wrap: break-word;'><H2 style='font-size: 1em; margin: 0px'>Job Purpose</H2> </div><div><p>Responsible to follow up assigned customers debts including calling and meeting with customers to discuss the<br />settlement of their outstanding accounts. To monitor customer’s adherence to the agreed credit terms, credit<br />limits and payment terms. To devise quick course of action in event of payment defaulted. To prepare weekly,<br />monthly and quarterly reports and ensure accounts of defaulters are reported.</p></div></div><div style='padding: 10px 0px;border: 1px solid transparent;'><div style='font-size:16px;word-wrap: break-word;'><H2 style='font-size: 1em; margin: 0px'>Job Specific Accountabilities (Part 1)</H2> </div><div><ul><li><strong>Follow-up and Recovery</strong><br />• Receives the list and files of the customer assigned from the Senior Collection Manager. Studies these<br />files and plan his work program and priorities. Verifies additional information from Senior Collection<br />Manager or Sales Manager regarding the customer. Classifies the customers to determine the given<br />credit facility of each customer and discusses collection and debt plan with the Senior Collection<br />Manager.<br />• Calls and arranges formal visits to individual customers to discuss the unpaid dues in their accounts<br />and expresses. Explains company’s policy with regards to the subject and the consequences if the debt<br />is not settled on time.<br />• Follow up with assigned customers to settle debts on time and ensure the signed agreement between<br />business units and assigned customers are in line with company’s credit policy.<br />• Monitors customer’s adherence to the agreed payment terms and devises immediate regularization<br />option should there be any default. Informs the customer prior to such defaults and reminds them terms<br />and conditions he agreed and signed. Asks the customer immediate correction of his payment status<br />otherwise coordinate with the senior to take further actions.<br />• Provide the customer with missing documents such as (invoices, PDN, Credit note) to compete the<br />payment process on time.</li></ul></div></div><div style='padding: 10px 0px;border: 1px solid transparent;'><div style='font-size:16px;word-wrap: break-word;'><H2 style='font-size: 1em; margin: 0px'>Job Specific Accountabilities (Part 2)</H2> </div><div><p><strong>Collection Management</strong><br />• Receives company’s bank statements on daily basis and unidentified all the payment with details and send<br />it to cash office. Ensure all submitted allocations to cash office are correctly remitted to customer accounts<br />and inform the senior in case of long overdue debts collected.<br />• Identify cash payments from corporate customer and send it to cash office to create receipt and allocated<br />in same day.<br />• Applies receipts to proper customer on daily basis invoice.<br />• Receives cheque from customers, gives the customer a temporary receipt of cheque collection and<br />submitted to cash office with customer details.<br />• Receives returned cheque from the cash office and report the senior. Holds all returned cheques in a safe<br />and contact the customer to clarify the reasons of returned cheque. Ensures that payment is done before<br />giving back the returned cheque to the customer.<br />• Identifies and reports periodically about all customers returned cheque to the senior. Escalates the issue<br />to the department manager for further action in case customer’s cheque frequently returns.<br />• Coordinates regularly with business units’ sales managers to receive the latest update about the customer<br />profile. Allocate unidentified payments made through Banks after receiving the details from bank or<br />customer and inform the senior.<br />• Identifies frequently defaulted customers and report them to the senior. Discusses with the senior an action<br />plan to force those customers to pay within given credit period.<br />• Prepares monthly Aging report of customer overdue and mention the reasons non- payment.<br />• Performance other job-related duties such as providing necessary information and supporting documents<br />to the administration as required and any other related jobs assigned to him by the supervisor.<br />• Preparing the following reports on monthly basis to the senior management to view the performance of the<br />customer & collection (DSO, Top ten & Aging reports by collector)<br />• Prepares and send the balance confirmations to top 10 customers quarterly.</p></div></div><div style='padding: 10px 0px;border: 1px solid transparent;'><div style='font-size:16px;word-wrap: break-word;'><H2 style='font-size: 1em; margin: 0px'>Minimum Requirements</H2> </div><div><div><ul style="list-style-type: disc;"><li>Bachelor’s degree in accounting, Finance, or a related field.