Collection Officer

Collection Officer

Overview:
The Collection Officer is responsible for managing and executing debt recovery processes, ensuring timely collection of outstanding payments, and maintaining positive relationships with clients while upholding company policies and regulatory standards.

Key Responsibilities

• Debt collection – Contact clients to recover overdue payments in line with company procedures.
• Account monitoring – Track customer accounts to identify outstanding balances and follow up promptly.
• Negotiation – Work with clients to establish repayment plans and resolve disputes professionally.
• Compliance – Ensure all collection activities comply with legal and regulatory requirements.
• Reporting – Prepare regular reports on collection status, outstanding debts, and recovery progress.
• Collaboration – Coordinate with finance and legal teams to escalate cases when necessary.

Required Skills & Qualifications

• Communication skills – Strong verbal and written communication to handle sensitive client interactions.
• Negotiation ability – Skilled in persuading and reaching agreements with clients.
• Analytical thinking – Ability to assess financial data and identify risks.
• Attention to detail – Accuracy in maintaining records and documentation.
• Experience – Prior experience in collections, finance, or customer service preferred.
• Education – Bachelor’s degree in Finance, Accounting, Business Administration, or related field is desirable.

Typical Goals

• Reduce outstanding debts and improve cash flow.
• Maintain professional relationships with clients while ensuring compliance.
• Achieve monthly and quarterly collection targets.
• Minimize bad debt write-offs through proactive recovery strategies

Work Location: In person