Job Opening-Debt Collection Manager-Location Oman-Multi Division Company

Job Description:

- Ensure timely follow up of outstanding dues with customers and updating of all receipts in the ERP system to facilitate generation of reports and MIS.
- Ensure prompt reporting of exceptions/deviations to facilitate timely corrective actions.
- Banking – Authorize the Submission of documents to the bank against Letter of Credit / Documents through the bank and ensure that transfers are accurately entered into the system.
- Receivables – Generate necessary reports for follow-up of collections with the Customers.
- Conduct internal meetings with individual debt collectors to identify and pursue the payments from difficult / delayed customers.
- Ensure Suppliers’ bills of related party customers are properly verified and accounted. To monitor the reconciliation of related accounts and ensure that entries are passed in a timely manner.
- Reconciliation - Ensure timely preparation of monthly reconciliations for Customers and other GL accounts.
- Initiate system modification for generation of exception reports.
- Monitors operation of company policies, processes and procedures for compliance. Reports non conformance and issues to be addressed.
- Monitor sales in excess of the credit limits and to take up with the respective divisions / staff for regularization
- Liaise with the legal department on the collection from defaulters.
- Resolve disputes in consultation with the Debt Collectors and the divisional staff.
- Ensures that the collections are effected from customers as per the agreed payment terms and bad debts are minimal.