Specialist Collections
2 weeks ago
Specialist Collections
**Overview of Position**:
The Collection Specialist is mainly responsible for chasing outstanding/delinquent invoices to the company and plays a vital role in the cash-flow of the organization ensuring credit given to customers is monitored and controlled effectively.
**What you will do**:
- Working with Cash Application team on the allocations of payments in accordance with customer remittances & liaise with customer or Sales team for those unidentified payment to be allocated.
- Processing and generating reminder letters and monthly statements. Follow escalation process, where timely escalate to the relevant parties & work closely with Legal team on legal cases for debt recovery. Monthly updated Statement of Accounts must be sent to customers.
- Liaising with the Sales & other OTC functional teams to resolve outstanding queries. To issue credit memo requests form with proper approval obtained before send to Billing team for credit note creation. Investigating and resolving queries relating to non-payment of invoice. To look for invoice requested & send to customer when customer requesting copy of invoice. Ensuring that all customer accounts work to agreed order to cash cycle/process/policies.
- Daily, weekly and month end reporting and accounts reconciliations. To ensure collection report is timely updated with collection plan, follow up action & escalation process (weekly Top 25 customer report & Global Collection Report). To reconcile our accounts receivable with customer’s accounts in order to minimize/avoid disputed invoices with customer’s accounts.
- Working to strict monthly and annually collections targets. Accuracy of quarterly collection forecast must be 90% accuracy as compared to actual collection.
- Liaise with customer, Cash Application team & our Accounts Payable team on netting arrangement. To issue netting agreement with the sign off from our Accounts Payable team & customer, plus to ensure strictly follow netting processes & controls.
- Working with accounting team on bad debt provision/reserve & follow company bad debt provision policy. To propose bad debt to be written off with reasonable debt recovery steps by strictly follow local accounting system/regulations.
**What we need from you**:
- Minimum 2 -3 years’ experience in a similar role with proficient in MS Excel.
- Previous experience in the communications or oil and gas industry preferred.
- Ability to handle situations in a professional business manner with excellent written and verbal communication skills.
- Excellent time management with problem solving skill.
**Working at Speedcast**:
At Speedcast, we want people that like adventure. Who are motivated by work that takes uncommon ingenuity and thinking outside the box. Who relish the idea of working in an industry undergoing massive transformation. If you want to be part of a global team responsible for connecting the world, then you’re in the right place.
We're always pushing forward, never standing still. When people rely on you and your team to stay connected, it brings everyone closer together. We’re united by the adrenaline of high-stakes projects and our love of getting the job done right. You will experiment, learn and grow here, right alongside us, every single day.
Find great opportunities to make an impact. We have a "one team, one dream" mentality. We work together to make great things happen. Working at Speedcast isn't just a job, it's a career that you can take to new levels.
Top reasons why people love working at Speedcast:
- **Our global presence **- you get to work with clients and colleagues all over the world, in every continent
- **Talented teammates **- your co-workers are the best and brightest in the industry
- **Industry leadership **- be part of the latest advancements shaping the future of communications
- **Ability to develop skills **- work across departments to gain new skills and valuable experience
- **Choose your environment **- we have an environment to fit your temperament. Choose between a traditional desk job or work in the field.
- **Grow your career**:
- Guide your career in the direction you want. Gain new titles and responsibilities through our internal promotion system.
- **Work on diverse projects **- every day is different with our customers from a range of industries around the world
Speedcast is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, veteran status, and other protected characteristics. The US EEO is the Law poster is available by visiting the below link:
Speedcast does not accept or retain unsolicited résumés or phone calls and/or respond to them or to any third party representing job seekers.
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