
Debt Collection Specialist
3 days ago
Job Summary:
A highly skilled professional is sought to play a pivotal role in managing the company's debtor's ledger, ensuring timely collection of receivables and mitigating credit risk.
Key Responsibilities:
- New Account Setup:
- Establish and maintain new customer accounts in the finance system.
- Perform thorough credit checks using external agencies and internal criteria prior to account activation.
- Credit Control & Collections:
- Proactively manage and collect outstanding debts from customers in line with company credit terms.
- Draft and send formal written communications to customers requesting overdue payments.
- Monitor aged debt reports and initiate escalation procedures for long-overdue accounts.
- Internal & External Liaison:
- Work closely with sales representatives to resolve account disputes, billing queries, and ensure alignment on credit-related issues.
- Liaise with solicitors and external collection agencies for legal recovery action against non-paying customers.
- Receipts & Reconciliation:
- Accurately process customer payments and receipts in the accounting system.
- Reconcile customer accounts and resolve unallocated or disputed payments.
- Month-End Processes:
- Perform month-end cut-off procedures for accounts receivable and ensure accurate posting of receipts.
- Prepare and distribute customer statements in line with month-end schedules.
- Generate and submit reports on aged debtors, cash collections, and credit risk to senior management.
Requirements:
- Proven experience in credit control, accounts receivable, or a similar finance role.
- Strong knowledge of credit risk procedures and customer account management.
- Proficiency in accounting software and Microsoft Excel.
- Excellent communication and negotiation skills.
- High attention to detail and accuracy in data processing.
- Ability to work under pressure and meet deadlines.
Desirable:
- Experience with legal debt recovery processes.
- Familiarity with ERP systems such as Microsoft Dynamics 365, SAP, Sage, NetSuite, or similar.
- Knowledge of regulatory requirements around credit and collections.
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