The OTC Senior Financial Specialist manages overdue receivables, ensuring timely collections, monitoring aged receivables, and improving financial processes.
The OTC Senior Financial Specialist plays a vital role in the team, focusing on managing and enhancing the collection of overdue receivables from customers. This role 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.
- Evaluate credit risk and make recommendations for credit limits and terms to minimize potential losses.
- Maintain accurate and up-to-date records of collection activities, communications, and payment agreements.
- 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.
- Actively participate in continuous improvement initiatives aimed at streamlining O2C processes and enhancing collections efficiency.
- Utilize financial systems and tools to manage collections activities, update customer records, and track progress.
Qualifications:
- Bachelor's degree in finance, accounting, business administration, or a related field.
- Strong understanding of Collections and principles.
- Excellent communication skills.
- 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.
Top Skills
Financial Systems
Software Applications
Similar Jobs
Big Data • Food • Hardware • Machine Learning • Retail • Automation • Manufacturing
The Director, Global Financial Planning & Analysis leads financial planning processes, analyzes business performance, supports executives, and improves efficiency across the organization.
Top Skills:
Data Visualization ToolsFinancial Planning Software
Fintech • Information Technology • Insurance • Financial Services • Big Data Analytics
Prepare financial reports based on STAT and GAAP, perform variance reconciliation, and collaborate with stakeholders for accurate reporting. Involve in process improvements and special projects.
Top Skills:
AlteryxIfrsUsgaapXbrl
Fintech • Information Technology • Insurance • Financial Services • Big Data Analytics
The Senior Manager of Global Securities Accounting oversees accounting and reconciliation, manages a team, and resolves outstanding balances for investment securities.
Top Skills:
ExcelPamPeoplesoftReconnet
What you need to know about the Vancouver Tech Scene
Raincouver, Vancity, The Big Smoke — Vancouver is known by many names, and in recent years, it has gained a reputation as a growing hub for both tech and sustainability. Renowned for its natural beauty, the city has become a magnet for professionals eager to create environmental solutions, and with an emphasis on clean technology, renewable energy and environmental innovation, it's attracted companies across various industries, all working toward a shared goal: advancing clean technology.
