Collection Supervisor

؜ - ؜Kuwait City ؜ -

Job details

Responsibilities

•Review and recommend division's credit request adhering AMG credit &
Collection approved policy •Perform credit and collection analysis on a daily
basis and prepare reports as required by the management •Identify area in
Credit & Collection policy & processes for improvements in accordance with
customer needs and company's requirements •Circulation of monthly receivable
report to management and respective Division Heads (reasons for overdue and
action plan to recover the past dues. •Update & submit weekly Estimation &
collection reports. •Co-ordination with Division Heads for customers with
collection issues/ disputes. •Weekly circulation of report to Division Heads
and CCD with follow up comments and updates to close open issues. •Continuous
monitoring on overdue collection and ensure follow-up / communication with
customers are documented. •Escalate matter to next level (Supervisor, Chief
Accountant, General Manager, etc.) at customer's offices to ensure settlement
of overdue where proper response is not made available to the follow-up team
by the customer. •Supervise, guide, and monitor the daily activities of the
follow-up team. •Submit SOA to all customers on time and obtain confirmation
from customers monthly. Any mismatch between both the statements should be
reconciled immediately. •Follow-up on all invoice collections before the due
date •Delivery of invoices to customers with proof of delivery. •Keep track of
all credit invoices raised and monitor if they have been submitted to customer
timely. If not, exception report to be circulated to the concerned Operating
Management with cc to Finance. •Periodic meetings with finance, Operations and
Collection team. •Initiate legal action where necessary and arrange to submit
the documents to legal department after discussing operation and finance
heads. •Follow-up with legal for regular updates on legal cases and submit a
monthly report to HO & Finance. •Keep track of credit limits, expiry of credit
validity etc., to ensure timely renewal of credit limits •Review new credit
applications and provide comments accordingly. Critically evaluate the credit
requests. Make sure that all the procedures & policies of AMG are adhered to
at the time of review. Discuss/raise points with Operating Management in case
documentation is not sufficient or does not meet Group requirements. Raise
issue to CCD and Finance team in case of deadlock or not obtaining the
requisite documents. •Review Credit period and Credit limit extended to
customers on ongoing basis and recommend modification/changes to existing
credit period/amount. •Monitor LCs received from customer and keep track of
expiry date. Ensure that the documents are sent to Treasury well in time for
negotiation. •Monitor & track Intercompany receivables and ensure timely
collection. •Ensure compliance of Group Policy for Credit control and
receivables. •Circulate invoice delivery report.


Job Requirements

Educational Qualifications

Education Degree
: Bachelor
Major
: Finance


Experience

Years of Experience
: ‎3 - ‎7 Years
Field of Experience
: Credit & Collection


Skills

•Strong work ethic, accuracy, integrity, commitment to deadlines and intuitive
problem solving skills •Fair knowledge of Systems, operating processes,
willingness to adapt to change and attitude to learn


Other Requirements

Gender
: Any
Age
: ‎30 - ‎40 Years
Preferred Language
: Arabic, English
Duty Shift / Timings
: One Shift / ‎7:00 am to ‎3:00 pm


Salary & Benefits

Salary
: Attractive Salary
Other Benefits
: Staff Car


Job Remarks

Job Country
: Kuwait
Nationality
: Any
Career Level
: Mid-Career

Job Summary

  • Advertiser: -
  • Announcement date: 14/11/2023
  • Type of employment: -
  • Experience level: -
  • Educational level: -
  • Job location: Kuwait City
  • Salary: -
  • Phone number: -

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