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Collections Executive

1.00 to 3.00 Years   Mumbai City   04 Jan, 2024
Connecting Dot Placements
Job LocationMumbai City
EducationNot Mentioned
SalaryRs 1.0 - 2.0 Lakh/Yr
IndustryBFSI
Functional AreaInvestment Banking / M&A
EmploymentTypeFull-time

Job Description

    Our Company is a dynamic and growing sector committed to delivering high-quality products/services. We are currently seeking a skilled Collections Executive to join our finance team. The successful candidate will play a pivotal role in ensuring timely and effective collection of outstanding receivables, contributing to the financial health and stability of the organization.Position: Collections ExecutiveLocation: Goregaon EastResponsibilities:Collection Management:Effectively manage and prioritize the collection of outstanding receivables from clients and customers.Implement strategies to reduce the organizations overall days sales outstanding (DSO).Communication:Communicate with clients and customers to understand and resolve payment discrepancies, disputes, and issues.Maintain a professional and positive relationship with clients while emphasizing the importance of timely payments.Negotiate payment plans with clients who may be experiencing financial difficulties, ensuring mutually agreeable terms.Documentation:Maintain accurate and up-to-date records of all collections activities, including notes on discussions, payment arrangements, and any disputes.Reporting:Generate regular reports on collection activities, outstanding receivables, and progress towards targets for management review.Customer Service:Provide exceptional customer service by responding promptly to customer inquiries and concerns related to outstanding payments.Collaboration:Collaborate with the sales and customer service teams to address issues impacting collections and share insights on customer payment behaviours.Compliance:Ensure compliance with company policies and relevant regulations in all collections activities.Requirements:Proven experience as a Collections Executive or similar role.Strong negotiation and communication skills.Understanding of accounting principles and financial processes.Familiarity with relevant laws and regulations governing collections activities.Excellent organizational and time-management skills.Ability to work independently and as part of a team.Proficiency in MS Office and familiarity with accountingsoftware.Shifts - Day fixedWorking days - 5 working days and Sat - Sun offExperience - Graduation fresher and minimum 6 months experience on paper in bankingSalary-Max22k In-handReferences are appreciatedThanks and Regards,Mansi Patankarhidden_mobile

Keyskills :
bankingcollections processkyccollections

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