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Collections Officer

12.00 to 20.00 Years   Vishakhapatnam   20 Feb, 2023
CSB Bank Ltd
Job LocationVishakhapatnam
EducationNot Mentioned
SalaryNot Disclosed
IndustryBanking / Financial Services
Functional AreaAudit
EmploymentTypeFull-time

Job Description

    Job DescriptionJob Purpose : To oversee the financial collection department of a company and are responsible for the correct invoicing of clients and the timely receiving of payment. Job Responsibilities : - Setting payment collection goals and targets for the department. - Creating and implementing a strategy to improve the collection of outstanding credit. - Implementing collection policies and procedures to avoid excessive outstanding credit. - Ensuring that the company policy on recoveries is followed and that it is in line with state and central regulations. - Implementing deadlines for invoicing and payment collection. - Negotiating with customers in cases when non-payment occurs. - Preparing monthly feedback reports on payment collections. - Remaining informed of any legislative procedural training regarding debt collection. - Training and mentoring of staff members in the collections department.Periodically- Reconcile Reporting Of Matters Against Bank

Keyskills :
companies actcredit analysis

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