Position Summary
The Finance Executive - Recovery will be responsible for managing and recovering outstanding dues from customers, dealers, and franchisees. This role involves proactive follow-up on overdue payments, maintaining healthy cash flow, minimizing bad debts, and ensuring timely collection of receivables in accordance with company policies.
Key Responsibilities
Receivables Management & Recovery :
- Monitor and manage customer receivables, including credit sales, scheme payments, and installment collections
- Identify overdue accounts and initiate timely recovery actions through calls, emails, and field visits
- Follow up with dealers, franchisees, and corporate clients for outstanding payments
- Negotiate payment plans and settlement terms with defaulting customers while maintaining customer relationships
- Coordinate with the sales team to resolve payment disputes and billing discrepancies
Documentation & Reporting :
Maintain accurate records of all collection activities, customer interactions, and payment commitmentsPrepare daily, weekly, and monthly recovery reports for management reviewGenerate MIS reports on collection efficiency and recovery performanceRequired Qualifications
Education :
Bachelor’s degree in commerce (B.Com) / Finance / Accounting or related fieldMBA in Finance is an added advantageExperience :
1-3 years of experience in collections, recovery, or receivables managementPrior experience in the jewellery industry or luxury retail is highly preferredKey Skills & Competencies
Technical Skills :
Strong understanding of accounting principles and receivables managementProficiency in MS Excel (Pivot Tables, VLOOKUP, data analysis)Experience with ERP systems (Tally, SAP, or jewellery-specific software)