Credit Recovery Officer

Job Description

Title: Credit Recovery Officer

Company Name: A Leading Distribution organization

Vacancy: Not specific

Job Location: Anywhere in Bangladesh

Employment Status: Full-time

Educational Requirements:
∎ Bachelor degree in any discipline, Master's degree in any discipline, (Law, Finance preferred)
∎ Having professional degree will be highly welcomed.
∎ Working experience in the relevant track will get priority.

Experience Requirements:
∎ 2 to 4 year(s)

Job Context:
∎ Our Organization is one of the most respected & leading Distribution organization. Our portfolio includes 3 Cements Brands operating in 7 Districts.
∎ Persistent Recovery Officer who is not hesitant about developing aggressive programs to recover credit debt. Recovery of outstanding dues- Following up and dealing with the customers who are defaulting in payment, on a regular basis to ensure outstanding dues are recovered. To also appraise default cases and make suitable recommendations accordingly. Person will handle credit control, maintaining Customer Account Ledger, monitor daily collection, follow up on outstanding/overdue payments, Credit Analysis and approve Credit Limits for new customers, Follow up on claim cases and facilitate resolution in order to resolve claims efficiently, Plan monthly activity to ensure both old and current debts are attended to and collected.
∎ Industry: Cement
∎ Functional Area: Credit Recovery, Credit Control, Field Recovery
∎ Role: Recovery Officer / Executive
∎ Key skills : Recovery Planning - Field Recovery - MIS - Risk Assessment - Legal - Credit Risk Management

Job Responsibilities:
∎ Maintain Daily reports & provide all information to team leader.
∎ Exceptionally strong communication and negotiation skills
∎ Dedicated to recovering debt that is rightfully owed
∎ Strong ability to work with reliable customers
∎ Customer Documents filing
∎ Monitor periodic credit reviews.
∎ Initiating legal or other recovery actions against customers.
∎ Make action plan for recovery strategy of cement business of the company
∎ Responsible for calling Credit customers who are over 30 days & setup payment plans.
∎ Visit to all parties to the agreement & remind them for dues payable.
∎ MIS Review - All the recovery related information to be reviewed and analyzed which will help manage the portfolio of the customer.
∎ Maintain & ensure reconciliation of party ledger.
∎ Preparation of credit rating.
∎ Check & ensure the party payment process and are accurate & subject to internal audit.
∎ Analyzing reasons for default for various accounts and propose settlement strategies.

Additional Requirements:
∎ The applicants should have experience in the following area(s):
∎ Credit Recovery, Field Recovery,
∎ Must have bike and License. (License Compulsory)

∎ Attractive remuneration package will be offered for deserving candidates. (Negotiable)

Compensation & Other Benefits:
∎ Mobile bill,
∎ Tour allowance,
∎ Festival Bonus
∎ Incentive

Application Deadline: 27 Nov 2020

Company Information:
∎ 28 Oct 2020
∎ A Leading Distribution organization

Category: Marketing/Sales