Legal Recoveries Consultant – Jeddah – Rapid Access

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
– 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
– Monitor enforcement activities and update “Rep Portal” daily to ensure all activities/meeting and customer negotiations are up to date.

Job Details

Date Posted: 2017-09-07
Job Location: Jeddah , Saudi Arabia
Job Role: Legal
Company Industry: Construction; Engineering; Automotive

Preferred Candidate

Career Level: Mid Career
Gender: Male

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