OTC - Collections Specialist
ConfidentialNoida30+ days ago
Job descriptionAnalyze customer account balances Ensure that the individual cash targets are met on a monthly basis, thereby helping the team in achieving the overall cash target. Handle inbound queries - helping customers with copies of invoices, statements & additional documentation. Investigate, route and escalate & Resolve customer disputes Record collection activity information in [Collections Workflow System] including. collection call / e-mail details, promise to pay (for performance, target and cash forecasting), dispute details, general requests and enquires. Create customer dunning letters automatically via ERP / [Collections Workflow System] and send electronically / print and dispatch to customers Need to actively monitor and follow-up customers whose aging becomes severe. Prepare customer files for legal action Identify and recommend write off (or write back of credit balances) for uncollectable debt where appropriate Obtained payment details and help in allocation of the payments by coordinating with the Accounts Receivables, to avoid accumulation of Unallocated and unidentified cash received. Receive and validate credit assessment requests for existing & new customers Monitor existing customer and portfolio credit risk Apply cash remittances & credits / adjustments Match related debits & credits within A / R ledger, in accordance with the agreed rules and procedures Identify short payments / deductions made by the customer from remittances and raise required transactions in ERP to reflect short payments Contact customers for missing or incomplete remittance detail in order to allocate customer payments Apply discounts for direct deposit (DD) payments and / or penalties for non-DD Process payment rejections (e.g., returned cheques, unpaid direct debits, rejected credit card payments) and raise appropriate adjustments on the A / R ledger resulting from the rejected payment
Qualifications Main Requirements
- 4+ years accounting experience in a multinational environment
- 3 years of experience in OTC
- Prior experience in Workday or similar ERP
- Strong skills in MS Office Suite specifically Excel and Word
- Excellent Voice & Communication skills
- Work with high volume in a systematic way
- With positive attitude, a team player
- Quick learner and can work under pressure
- High degree of integrity, both personally and professionally
- Understand and deliver on agreed SLAs and KPIs - highlight potential risks in advance and ensure all compliance and controls are being met
- Ability to drive projects & achieving monthly SLAs
- Experience in Transitioning / Setting up Accounting Processes in Shared Service Delivery Model
- Team management skills an advantage
Desired Skills & Abilities
Education Requirements
Bachelor of Commerce [B. Com (Hons)] or Any degree specialization in Accounts, MBA, M. Com, CA
Skills Required
Credit Risk, Accounts Receivable, Cash Application, Collections
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Collection Specialist • Noida
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