Recover overdue payments from individuals or businesses by contacting them, negotiate payment plans, resolve disputes, andensure compliance with company policies and legal regulations.
Prepare and send invoices to customers and confirm receipt.
Follow up with customers through calls, emails, written correspondence, and visits to ensure timely payments.
Collect outstanding invoices according to agreed credit terms.
Record, allocate, and reconcile customer payments, including cash, cheques, and credit card transactions.
Monitor customer accounts for overdue or irregular payments and escalate high-risk accounts to management.
Investigate and resolve payment discrepancies, disputes, and customer queries.
Generate and maintain Accounts Receivable (AR) aging reports; prepare regular collection status reports for management review.
Process approved adjustments, credit notes, and prepare bank deposit documentation.
Maintain accurate and up-to-date customer files, collection records, and payment schedules.
Support Sales and Finance teams by verifying customer creditworthiness before extending or renewing credit.
Assist during month-end and year-end closing activities.
Ensure compliance with company policies, internal controls, and applicable laws and regulations.
Perform any other duties related to collections and accounts receivable as assigned by Direct Manager.
Prepare monthly collection and receivables reports
Provide interim, ad-hoc, or management reports as requested
Support analysis of collection trends and overdue accounts
Adhere strictly to company financial policies, procedures, and approval limits
Assist the Senior Accountant during internal and external audits by providing required documentation
Ensure confidentiality and accuracy of financial and customer information
Academic requirements:
Diploma OR Bachelor's Degree in Accounting, Finance, or a related field
Experience Requirements:
Minimum
2-3 years
' experience in bill collection or receivables, preferably in trading, construction materials, joinery, or similar industries.
Job Type: Full-time
Pay: BD500.000 - BD550.000 per month
Beware of fraud agents! do not pay money to get a job
MNCJobsGulf.com will not be responsible for any payment made to a third-party. All Terms of Use are applicable.