Collection Officer

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 • Issue periodic statements and report on collection and accounts receivable status to concerned Position Requirements Education Bachelor’s degree in Accounting or Finance Experience At least 2 years of relevant experience