
Financial Collections Specialist
5 days ago
We are seeking a skilled Financial Collections Specialist to play a crucial role in our company's success.
- Conduct thorough credit analysis on new and existing accounts to establish and maintain optimal credit lines aligned with company policies, ensuring timely payments from customers.
- Proactively forecast and manage expected receipts, contacting customers to confirm payment status and resolve disputes to achieve collection targets, minimizing delays and maximizing revenue.
- Review and release near-term orders placed on credit hold, adjusting and reallocation credit lines in response to backlog fluctuations, considering customer payment history to support business growth.
- Closely collaborate with internal stakeholders including Sales Operations, Logistics, Legal, and Accounting to ensure seamless communication and efficient operations.
- Monitor and report on accounts receivable balances exceeding 30 days past due, identifying areas for improvement, and work with the AR team to accurately allocate incoming payments.
- Assist with month-end closing activities, reviewing AR balances for potential bad debt reserves to mitigate financial risks, and perform periodic internal control documentation testing to ensure compliance and accuracy.
- Provide critical support for AR audit confirmations, demonstrating expertise and attention to detail.
This is an exciting opportunity for individuals with a passion for finance and collections to develop their skills and expertise in a dynamic environment.
Responsibilities include:
- Managing and analyzing complex financial data to inform strategic decisions.
- Developing and maintaining strong relationships with customers and internal stakeholders.
- Identifying and resolving payment discrepancies and other financial issues.
- Staying up-to-date with industry trends and best practices in financial collections.
- Collaborating with cross-functional teams to drive business results.
As a Financial Collections Specialist, you will have the opportunity to work in a fast-paced and dynamic environment, developing your skills and expertise in financial collections and analysis.
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