Asst.Credit & Collection Officer

• Perform credit and collection analysis on a daily basis and prepare reports as required by the management

• Identify areas in Credit & Collection policy & processes for improvements in accordance with customer needs and company’s requirements.

• Coordinate with divisional collection teams and directly engage with customers to ensure timely collections.

• Conduct collection calls and/or correspondence in a fast paced goal oriented collections department

• Negotiate suitable payment plans with customers

• Review the bank accounts regularly and account for the direct bank credit collections.

• Inform customers of their overdue invoices and attempt to expedite collection and mitigate company losses/maintain the overdue at the minimum at all times.

• Collate and provide necessary documentation for litigation cases to Group Legal

• Create & maintain Party Masters involving creation of party codes in compliance Customer onboarding Policy

• Collect the needed financial documentation and assessing the clients' creditworthiness

• Process credit applications as per approved policies and procedures

• Respond to customer queries

• Process of provision for doubtful debts as per group policies and relevant accounting standards

• Document & archive exception approvals to Group PDD policy

• Preparation of monthly period AR Aging reports by Business Unit.

• Co-ordinate with divisional collection personnel on various activities relating to AR including speeding up the collection of overdue receivables.

• Custody of Post Dated Cheques, maintenance of PDC register in a timely & accurate manner and arrange for the deposit of PDCs on time.

• Perform other job related duties & tasks assigned by Manager

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