Overview
The Collection Executive plays a critical role in the organizations finance department responsible for managing the collection of overdue payments from customers. They contribute to the financial health of the organization by effectively communicating with customers and overseeing the collection process ensuring timely recovery of outstanding debts.
Key Responsibilities
- Conducting customer outreach to negotiate payment plans and resolve outstanding debts.
- Collaborating with internal teams to address customer queries and disputes.
- Maintaining accurate and updated records of customer interactions and payment status.
- Implementing strategies to minimize delinquency and improve collection efficiency.
- Ensuring compliance with debt collection laws and regulations.
- Preparing and presenting reports on collection activities and outcomes.
- Assessing potential risk factors and identifying delinquent accounts.
- Using automated systems to track and manage collection efforts.
- Providing excellent customer service while collecting payments and addressing concerns.
- Participating in training sessions to enhance collection techniques and skills.
Required Qualifications
- Bachelors degree in finance business administration or related field.
- Prior experience in a similar role within the finance or banking industry.
- Knowledge of debt collection laws practices and regulations.
- Proficiency in using collection software and MS Office applications.
- Strong negotiation and communication skills.
- Excellent problemsolving abilities and attention to detail.
- Ability to prioritize and manage time effectively in a fastpaced environment.
- Demonstrated customer service and relationship management skills.
- Analytical mindset with the ability to interpret financial data.
- Proven track record of meeting collection targets and deadlines.
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