Credit and Collection Senior Officer
1 week ago
JOB PURPOSE
The Finance Manager is in charge of ensuring the financial wellness of a company, managing its financial resources, including credit and collections operations, and ensuring that the company maintains its legal financial practices. This position is responsible for coming up with financial reports, direct investments, and also, strategizes the company's financial planning, providing support to executive managers in helping them determine how to pay liabilities and ensure good business.
JOB SUMMARY
Responsible for the Account Receivables (AR) of the company.
Responsible for ensuring implementation of the Collection Processes and System.
Responsible for managing financial wellness, resources and legal financial compliances/ practices.
DUTIES AND RESPONSIBILITIES
- Creating, compiling and submitting financial reports.
- Projecting and analyzing financial and industry trends.
- Making recommendations to senior management members.
- Planning and monitoring the company budget based on the organization's needs.
- Analyzing market trends and competitors.
- Reporting and making recommendations to managers and stakeholders about major financial decisions.
- Developing strategies that minimize financial risk.
- Creating business plans that secure the company's financial future in the long term.
- Develop and implement effective collections strategies and procedures to maximize debt recovery while maintaining positive customer relationships.
- Review and evaluate delinquent accounts, determining appropriate actions to be taken in accordance with company policies and legal requirements so as monitoring of PDCs, coordination with Sales Manager for any problems or concerns coming from their accounts.
- Maintain accurate and up-to-date records of all collections activities, ensuring compliance with regulatory guidelines and internal policies.
- Collaborate with cross-functional teams, including legal, finance, and customer service, to resolve complex or escalated customer issues.
- Stay current on industry trends and best practices in collections, implementing new strategies or technologies as needed to improve efficiency and results including Identifying areas for improvement in collection processes and attain zero balance for over 120 days and 90 days.
- Develop and maintain relationships with external collection agencies, attorneys, and other service providers as necessary so as requesting BPI, BDO, conducting background investigation or credit investigation for new accounts and other banks as advised, for unrecognized deposits for both AMI.
- Initiate credit memos/ adjustment to maintain A/R ageing integrity as needed.
- Lifting of On-Hold accounts to process new orders.
- Performing other duties related to the function as needed.
Job Type: Full-time
Work Location: In person
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