Senior Debt Recovery Specialist

6 days ago


Jeddah, Makkah Province, Saudi Arabia Rentokil Initial Full time

**Job Description:**

 

**Company Overview:
  • Rentokil Initial is a leading provider of pest control and hygiene services, with a strong presence in the market.

 

**Job Summary:**

The Senior Debt Recovery Specialist will be responsible for managing the debt recovery process, ensuring timely collection of outstanding debts, and maintaining positive relationships with customers. This role involves analyzing credit reports, negotiating payment plans, and escalating disputes to senior management.

 

**Key Responsibilities:**

Credit Control: Submit invoices with proper documentation via email to customers at the beginning of each month.

Negotiate payment plans with customers and set payment terms and conditions accordingly.

Maintain debt records, conduct regular analysis of the credit-control system, and implement changes as needed to reduce bad debts.

Analyze and monitor all assigned aged debtors to reduce outstanding debt and ensure prompt action is taken for non-payment or continued late payment.

Oversee and initiate collection calls with concerned parties and account holders to resolve outstanding customer debts/billing issues on complex accounts.

Perform customer accounts reconciliation on a monthly basis and share outstanding balances with customers where required.

Record debtors' communications, payment plans, and disputes on OnGuard and update dashboards and tracker sheets daily.

Follow up on overdue invoices and payments and implement company collections procedures as necessary.

Report outstanding debt accounts and payment issues to management weekly.

Review credit notes or additional billings and negotiate payment plans with debtors where required.

Manage service suspension processes for debt recovery, actively chase aged debt, and lead reviews of debtor key accounts.

Prepare proposals for delinquent accounts where legal action may be required and report account disputes for Finance management advice on appropriate actions.

Provide continuous coaching and support to credit control teams to achieve departmental goals and collection targets.

Support the team by training new joiners on collection systems (OnGuard), processes, and procedures.

**Requirements:**
  • Bachelor's degree in Accounting, Finance, Business Administration, or relevant field.
  • Minimum 4 years of experience in a similar role.
  • Proficiency in English and Arabic with excellent verbal and written communication skills.
  • Knowledgeable in reporting and monitoring with remarkable attention to detail.


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