Collection Specialist

1 day ago


Riyadh, Ar Riyāḑ, Saudi Arabia Lawazem Full time
Job Overview:

We are seeking a highly skilled Collections Coordinator to join our team at Lawazem. As a key member of our accounting team, you will be responsible for ensuring timely payments and maintaining trustful relationships with clients.

Key Responsibilities:
  1. Cash Postings:
    1. Process daily incoming checks and wire payments, resolving any discrepancies.
    2. Reconcile credit card payments and batches to credit card processor statements.
    3. Perform daily remote deposit of checks.
    4. Research and reconcile customer accounts with open balances due to cash posting variances.
  2. AR Collections:
    1. Review and mail/email invoices & monthly customer statements.
    2. Follow up with customers with current balances due and track promises to pay.
  3. Other duties:
    1. Monitor AR mailboxes and respond to emails as needed.
    2. Track customer collections activity and correspondence.
    3. Process customer credit memos.
    4. Recommend policies and procedures to management and implement approved changes.
    5. Attend biweekly AR huddles and accounting team meetings.
    6. Assist accounting team with tasks when needed.
    7. Maintain excel spreadsheets and reports on collection successes and issues.
    8. Maintain monthly past due tracking lists on the status of delinquent accounts.
Requirements:
  1. High school diploma or Bachelor's degree in a related field.
  2. +2 years of experience in a similar field.
  3. Ability to work under pressure and meet tight deadlines.
  4. Excellent report-writing and communication skills.
  5. Solid proficiency in Microsoft Office, SAP, Odoo, and other financial planning software.
  6. Fluent in Arabic & English speaking, reading, and writing.


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