Debt Recoveries Consultant (Dammam) – Rapid Access

The Debt Recoveries Consultant will manage pre-litigation cases where a customer has exceeded their credit terms in line with the credit control policy.
Reporting to the Head of Legal Recoveries, the Legal Recoveries Consultant will be a senior operational member of the recoveries team and will be responsible for more the complex debt recovery cases referred by the Regional Credit Control team.
The Legal Recoveries Consultant will be responsible for recovering long overdue revenue owed to Rapid Access using advance investigatory tools and the legal processes as a means of encouraging debtors to settle or enter into payments plans or as a last resort commencing legal proceedings.
Credit Management
Executing company’s credit policy within their area of responsibility and ensure credit policies are adhered to
Minimise credit exposure by faster and effective recoveries of overdue balances prior to legal stage
Credit Operations
Act as a point of contact and management on an assigned portfolio of long-overdue and complex debt customers accounts
Maximise revenue by controlling the flow of accounts to recoveries and litigation
Daily review and analysis of progress and actions for, overdue balances, reconciliation and allocations on portfolio of accounts
Rehabilitation of accounts prior to legal stage. Collect outstanding balances from nominated debtors including negotiating settlement payment in consultation with Head of Legal.
Register and allocate incoming payments to the appropriate debt collection files to accurately reconcile payments
Visit customers as advised by the Head of Legal Recoveries
Legal Escalation
Contribute to the preparation of debtor files including creating a chronology of facts, preparing and submitting dunning (warning) letters, written claims, recording customer responses, preparing memos and proposed course of legal action
Work with the Head of Legal Recoveries to review debtor accounts and determine the appropriate enforcement options based upon the case circumstances. Initiating legal actions for debt recovery if necessary
Liaise with third party debt recovery agencies and legal agencies. Monitor legal agencies performance and diary notes and pursue updates on actions
Issue legal proceedings against companies and individual debtors
Follow up on the progress of legal cases
Reporting
Weekly reporting to Regional Head of Legal Department on all portfolio accounts.
Monthly/Weekly cash collections forecasts
Assist the Debt Recovery Paralegal to produce month end debtors’ information

Job Details

Date Posted: 2017-07-27
Job Location: Dammam, Saudi Arabia
Job Role: Finance and Investment
Company Industry: Construction

Preferred Candidate

Career Level: Mid Career

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