Summary
Midis Group is hiring a Collection Officer in Riyadh, Saudi Arabia. The role involves contacting clients, agreeing on payment plans, following up on receivables and overdue payments, and maintaining account records and client data. The officer will report on collection status and coordinate potential legal action with the direct manager when necessary. Applicants need a bachelor’s degree in Accounting or Finance and at least two years of relevant experience.
The posting
As published on midisgroup.com. Pulled from the employer's site and shown as they wrote it.
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
- Issue periodic statements and report on collection and accounts receivable status to concerned
Education
Bachelor’s degree in Accounting or Finance
Experience
At least 2 years of relevant experience