Collection Executive

Collection Executive is responsible for recovering outstanding payments from debtors, which involves contacting clients, negotiating payment plans, and resolving discrepancies. They also maintain accurate records of transactions and ensure compliance with company policies and legal regulations. Essentially, their role is to minimize financial losses for the company by efficiently collecting debts. 

Here's a more detailed breakdown of the responsibilities:

Key Responsibilities:

• Debt Collection:

  Contacting debtors (individuals or businesses) via phone, email, or letter to follow up on overdue payments. 

• Payment Negotiation:

  Working with debtors to establish manageable payment plans and negotiate settlements. 

• Dispute Resolution:

  Investigating and resolving any issues or discrepancies that may be preventing payment. 

• Record Keeping:

  Maintaining accurate and up-to-date records of all collection activities, including communication with debtors and payment details. 

• Compliance:

  Ensuring all collection activities adhere to company policies and relevant legal regulations. 

• Reporting:

  Preparing reports on collection progress and highlighting any potential issues or risks. 

• Customer Service:

  Providing excellent customer service while interacting with debtors and resolving their concerns. 

• Financial Analysis:

  Analyzing accounts receivable aging reports and prioritizing collection efforts based on the delinquency status. 

Skills and Qualifications:

• Communication Skills:

  Excellent verbal and written communication skills are crucial for interacting with debtors and negotiating payment plans. 

• Negotiation Skills:

  The ability to negotiate effectively and find mutually agreeable solutions is essential. 

• Problem-Solving Skills:

  The ability to investigate and resolve issues that may be preventing payment. 

• Organizational Skills:

  Strong organizational skills are needed to manage a large volume of accounts and maintain accurate records. 

• Knowledge of Collections Procedures:

  Understanding the legal and ethical aspects of debt collection is important. 

• Computer Literacy:

  Familiarity with computer systems and software used for tracking accounts and communication is necessary. 

• Customer Service Orientation:

  A customer-focused approach is important for maintaining positive relationships with debtors. 

In essence, a Collection Executive is a critical role in ensuring a company's financial health by effectively managing and recovering outstanding debts. 

• It is a Full Time Field Sales job for candidates with 1 - 6+ years Experience.

More about this Collection Executive job

1. What is the eligibility criteria to apply for this Collection Executive job?
   Ans: The candidate should be 10th Pass and above and above with 1 - 6+ years Experience of experience
2. How much salary can I expect for this job role?
   Ans: You can expect a salary of ₹15000 - ₹23000 per month + Incentives that depends on your interview. It's a Full Time job in Mumbai.
3. How many working days are there for this Collection Executive job?
   Ans: This Collection Executive job will have 6 working days.
4. Are there any charges applicable while applying or joining this Collection Executive job?
   Ans: No, there is no fee applicable for applying this Collection Executive job and during the employment with the company, i.e., SRAM LEARNING PRIVATE LIMITED.
5. Is it a work from home job?
   Ans: No, it’s not a work from home job and can't be done online.
6. How many openings are there for this Collection Executive role?
   Ans: There is an immediate opening of 10 Collection Executive at SRAM LEARNING PRIVATE LIMITED
7. Who can apply for this job?
   Ans: Only Male candidates can apply for this Field Sales job.
8. What are the timings of this Collection Executive job?
   Ans: This Collection Executive job has 09:00 AM - 06:00 PM timing.