Credit and Collection Associate
3 weeks ago
Summary: Manage credit evaluation, monitor outstanding balances, and ensure timely collections from clients to maintain cash flow and minimize bad debt.
We are looking for a proactive and detail-oriented Credit and Collections Associate to join our team.
The ideal candidate will own the whole receivables process, including posting, receiving and checking payments, issuing receipts, preparing statements, etc.
- Credit Evaluation: Assess creditworthiness of new and existing customers by reviewing financial statements and credit reports.
- Collections: Collect outstanding payments in a timely and professional manner, ensuring compliance with company policies.
- Payment Processing: Track incoming payments and resolve any discrepancies.
- Account Reconciliation: Reconcile customer accounts to ensure balances are accurate and up to date.
- Aging Report Management: Maintain and monitor accounts receivable aging reports.
- Customer Communication: Resolve billing and payment issues and negotiate payment plans when necessary.
- Credit Limits & Terms: Recommend credit limits and payment terms based on company guidelines and credit risk assessment.
- Dispute Resolution: Resolve billing disputes and ensure smooth resolution with internal departments.
- Reporting: Prepare regular reports on collection efforts and credit issues for management review.
- Compliance: Ensure all credit and collection activities comply with company policies and legal regulations.
- Documentation: Maintain records of all collection activities, communications, and payment arrangements.
Qualifications: Bachelor's degree in Accounting, Finance, Business Administration, or a related field. 1-3 years of experience in credit and collections or related finance roles. Experience with accounting software and Microsoft Excel. Strong analytical and communication skills, with a keen eye for detail and accuracy.
What We Offer: Competitive salary, comprehensive benefits package, supportive work environment, and opportunities for growth and development.
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