Collection Officer
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Key skills for this role
About the Role
Responsible for timely collections, analyzing credit, achieving DSO targets, and preparing reports; requires high school diploma, communication skills, and financial knowledge.
Key Skills for This Role
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Overview
The collection officer is responsible to ensure (timely) collections from the customers.
Key Responsibilities
- Collect Cheques from the customers and submit to finance department for data entry
- Analyze credit outstanding in the marketplace and weigh the same against approved Credit period by customer.
- Achieve DSO target.
- Update management on risks for Bad Debt with ongoing study of the marketing conditions and continuous vigilance of company exposure.
- In case of Legal action to be taken against defaulting party, liaise with concerned authorities within the organization.
- Prepare and submit collection reports to Sales Manager.
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