August 28, 2024

Capitallinks

Jamshedpur

FULL TIME

Collection Executive

We are looking for a collections officer to oversee the procedures to reduce the amount of unpaid debt the company incurs. You will also be responsible for negotiating extensions with clients or write-off debt to minimize the company’s potential loss of income.
To be a successful collections officer, you should be analytical and have great report writing skills. Ultimately, a top-notch collections officer should have extensive knowledge of collection laws, and continuously find ways to improve the company’s debt recovery.
Collections Officer Responsibilities:
Overseeing accurate and timely invoicing of customers.
Setting payment collection goals and targets for the department.
Creating and implementing a strategy to improve the collection of outstanding credit.
Implementing collection policies and procedures to avoid excessive outstanding credit.
Ensuring that the company policy on recoveries is followed and that it is in line with state and federal regulations.
Implementing deadlines for invoicing and payment collection.
Negotiating with customers in cases when non-payment occurs.
Preparing monthly feedback reports on payment collections.
Remaining informed of any legislative procedural training regarding debt collection.
Training and mentoring of staff members in the collections department.
Collections Officer Requirements:
Bachelor’s degree in finance, accounting, or a related field.
1–3 year’s experience as a collections officer or freshers
The ability to work accurately and independently.
Good verbal and written communication skills.
Excellent analytical skills and an eye for detail.
Outstanding leadership and managerial skills.
Strong time and people management skills.
Ability to work to strict deadlines.
Job Type: Full-time
Pay: ₹8,281.01 - ₹15,758.08 per month
Schedule: