Collection Officer
Riyadh, SA
Job Title
Collection Officer
Job Scope
The Collection Officer is accountable for managing payments on receivables and following up on outstanding debts and/or deferred payments from clients. S/He maintains continuous communication with clients, negotiate payment methods and attempts to collect timely payments mitigating company losses.
Main Duties and Responsibilities
- Research accounts and contact respective clients to agree on suitable payment plans and develop collection schedules and methods;
- Follow up with clients to collect receivables as per communicated deadlines and ensure payments are processed on time;
- Monitor accounts to identify overdue payments and debts, investigate historical data and institute legal actions, when necessary, in coordination with the direct manager;
- Maintain and update account status and client’s database while keeping track of all activities and payment records;
- Establish and maintain strong business relationships with clients, respond to queries and cascade complaints as and when necessary;
Education
Bachelor’s degree in Business Administration
Experience
At least 5 years of relevant experience
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