Assistant Officer - Credit & Collection

ResponsibilitiesPerform credit and collection analysis on a daily basis and prepare reports as required by the managementIdentify areas in Credit & Collection policy & processes for improvements in accordance with customer needs and company’s requirements. Coordinate with divisional collection teams and directly engage with customers to ensure timely collections. Conduct collection calls and/or correspondence in a fast paced goal oriented collections departmentNegotiate suitable payment plans with customersReview the bank accounts regularly and account for the direct bank credit collections.

Inform customers of their overdue invoices and attempt to expedite collection and mitigate company losses/maintain the overdue at the minimum at all times. Collate and provide necessary documentation for litigation cases to Group LegalCreate & maintain Party Masters involving creation of party codes in compliance Customer onboarding PolicyCollect the needed financial documentation and assessing the clients' creditworthinessProcess credit applications as per approved policies and proceduresRespond to customer queriesProcess of provision for doubtful debts as per group policies and relevant accounting standardsDocument & archive exception approvals to Group PDD policyPreparation of monthly period AR Aging reports by Business Unit.

Co-ordinate with divisional collection personnel on various activities relating to AR including speeding up the collection of overdue receivables. Custody of Post Dated Cheques, maintenance of PDC register in a timely & accurate manner and arrange for the deposit of PDCs on time. Perform other job related duties & tasks assigned by ManagerEducational QualificationBachelor's Degree in Finance/Accountancy/Banking or equivalent; MBA would be a plusExperienceYears of Experience: 6 - 10 YearsField of Experience : Credit & CollectionSkillsStrong systems skills; solid analytical and negotiation skills; and a solid knowledge of commercial credit and collection proceduresBilingual with professional verbal and written communication skillsJob RemarksPreferred Language:

Arabic, EnglishJob Country : KuwaitDuty Shift / Timings : One Shift / 7: 00 am - 3: 00 pm