- Conducting credit checks on new customers and establishing credit limits.
- Reviewing and assessing credit applications, evaluating creditworthiness, and making credit decisions.
- Monitoring customer accounts to ensure timely payment of invoices and follow-up on overdue payments.
Communicating with customers to resolve payment issues, negotiate payment plans, and address inquiries or disputes.
- Reconciling accounts receivable ledger to ensure accuracy and completeness of records.
- Reconciling ledgers of clients to ensure consistency and accuracy in financial records.
- Rigorous follow-up with salespeople to ensure timely submission of invoices and prompt resolution of payment issues.
- Visiting high-risk clients to recover payments and resolve outstanding issues in person when necessary.
- Generating aging reports and providing regular updates on outstanding balances to management.
- Collaborating with sales, customer service, and other departments to address customer concerns and improve collections processes.
- Identifying and escalating high-risk accounts to management for further action.
- Developing and implementing strategies to reduce days sales outstanding (DSO) and improve cash flow.
Assisting in the month-end close process by preparing account reconciliations and supporting schedules.
Tagged as: bachelor’s degree in accounting, credit control, finance
