Deputy Manager- Credit Recovery

Job Description

Title: Deputy Manager- Credit Recovery

Company Name: GME Group

Vacancy: 01

Age: Na

Job Location: Dhaka

Salary: Negotiable

Experience:

• 2 to 4 years
• The applicants should have experience in the following business area(s): Group of Companies

• Bachelor of Business Administration (BBA) in Accounting / Finance

• 2 to 4 years
• The applicants should have experience in the following business area(s): Group of Companies

·         MBA in Accounting or Finance or relevant professional certifications will be given preference.

·         The applicants should have experience in the following business area(s): Medical sector specially Medical Trading business or Diagnostic & Hospital

GME Group is looking for a dedicated, result-oriented, and experienced on Credit Recovery Deputy Manager to strengthen our credit recovery operations. The ideal candidate will be responsible for monitoring overdue accounts, ensuring timely collection, and supporting the improvement of the company’s credit recovery process.

Ø  To Lead and supervise end-to-end recovery and collection processes on time.

Ø  Review and analyze overdue accounts

Ø  To identify recovery risks conduct root cause analysis for overdue and default accounts and recommend solutions.

Ø  Develop and implement effective recovery strategies along with maintaining  proper documentation related to credit control and customer accounts.

Ø  Monitor and control customer credit limits as per company policy.

Ø  Daily monitoring customer ledgers accurately.

Ø  Coordinate with sales and accounts teams regarding credit approval and overdue receivables.

Ø  Prepare aging reports, Cost Centre based outstanding monthly Report and weekly reports.

Ø  Follow up with customers and dealers for timely collection and resolve billing discrepancies.

Ø  Communicate with overdue clients via phone calls, emails, and field visits.

Ø  Coordinate with Area Sales  Executive  (ASE) for overdue collection.

Ø  To lead, monitor, and guide field collection teams to ensure proper cash collection and timely bank deposit to meet and achieve daily, weekly, and monthly recovery targets.

Ø  Ensure accurate entry and regular updates of client information in Excel/ERP/Recovery software

Ø  Ensure proper use of recovery instruments ( Promise to pay , Urgent notice, Final Notice , Balance confirmation) against irregular of bad outstanding beneficiary customer.

Ø  Prepare recovery performance reports and provide guidance for improvement to
submit to management.

Ø  To coordinate with legal teams and relevant law enforcement agencies in cases involving fraud, default, or operational irregularities.

Ø  Assist internal and external audits as assigned by management (If & when need)

Ø  Any other activities as & when requested by management.