Collections Specialist

Overview

As a Collections Specialist at Integrated Gulf Biosystems based in Riyadh, Saudi Arabia, you will play a crucial role in managing and forecasting cash inflows, ensuring timely invoice processing, and resolving collection challenges for assigned territories.

Key Responsibilities

• Accurately projecting cash flow for assigned regions or territories.
• Forecasting cash inflows for a rolling quarter to support financial planning.
• Submitting invoices promptly within the designated territory and maintaining consistent follow-up with customers.
• Visiting customers to address outstanding or problematic collections and resolving issues effectively.
• Ensuring receipts are properly applied and recorded in the ERP and CRM systems.
• Preparing weekly updates on cash flow status.
• Reviewing invoice submissions weekly to understand reasons for customer rejections and identifying necessary documentation for accurate invoice resubmission.
• Compiling reports for weekly reviews to update treasury and the Credit & Collection Team Lead on progress.
• Generating projection versus achievement reports, highlighting reasons for any shortfalls to the appropriate stakeholders.
• Identifying causes of delays and complications in customer collections and implementing corrective actions.
• Assisting the Credit & Collection Team Lead with the preparation of Management Information System (MIS) reports.