OTC Financial Specialist - North America (Collections)

The OTC Financial Specialist plays a vital role in the team, focusing on managing and enhancing the collection of overdue receivables from customers. This person will collaborate with stakeholders, leverage financial systems, and implement process improvements to ensure efficient and effective collections.

Responsibilities:

• Proactively manage a portfolio of accounts receivable, ensuring timely collection and resolution of outstanding invoices.
• Monitor and follow up on aged receivables, identifying and addressing collection issues promptly.
• Initiate communication with customers to secure timely payments and resolve payment discrepancies.
• Contribute to safeguarding company assets by ensuring timely and accurate collection of receivables.
• Evaluate credit risk and make recommendations for credit limits and terms to minimize potential losses.
• Ensure compliance with internal policies, financial regulations, and legal requirements related to collections.
• Prepare regular reports on receivables status, collections efforts, and key performance indicators.
• Analyze receivables data to identify trends, opportunities for improvement, and areas requiring further attention.
• Actively participate in continuous improvement initiatives aimed at streamlining O2C processes and enhancing collections efficiency.

Qualifications:

• Bachelor's degree in finance, accounting, business administration, or a related field.
• Must have at least 3 years of experience in collections or B2B Collections
• Strong understanding of Collections and principles.
• Experience or exposure in financial analysis, reporting, and data interpretation.
• Knowledge of compliance regulations and a commitment to upholding them.
• Experience with financial systems and software applications.
• Detail-oriented with strong organizational and time management skills.
• Problem-solving abilities and a proactive approach to issue resolution.
• Collaborative team player with the ability to work effectively across departments.