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Collections Executive

2.00 to 6.00 Years   Riyadh, Saudi Arabia   07 Sep, 2021
Job LocationRiyadh, Saudi Arabia
EducationNot Mentioned
SalaryNot Mentioned
IndustryReal Estate
Functional AreaNot Mentioned

Job Description

Our client, a market leader in Real Estate and Property Development is seeking a?Collections Executive?Based in Riyadh and reporting to the?Collection Manager.?The Executive ? Collections is responsible for performing lease collection from tenants, preparation of payment requests, invoices, and developing relevant reports on lease collection efficiency, delinquency etc.?

  • To work according to the set policy and procedures of the collection function to maintain efficient commercial practices.
  • Follow up the due lease receivables based on the Lease summary data form and coordinate with the commercial director and accounting department for finalization of the same.
  • Execute the collection of the rental and utilities due amount.
  • Assist in issuing payment requests, and invoices to the tenant and follow-up on the lease collection to ensure conduction of activities on a timely basis. Additionally, issue warning notices to tenants who are not making payments on time to expedite the collection of overdue receivables.
  • Follow the collection plan of lease payment from tenants, issuance of receipts, and submittal of checks to Finance & Accounting department for processing.
  • Coordinate with Finance & Accounting department to resolve any discrepancies with lease receivables.
  • Prepare and submit regular reports on collection efficiency, receivables lead time, delinquency etc. to the Collection Supervisor along with recommendations.
  • Record collections in ?ERP, follow up on payment delays and report unpaid invoices to the legal department.
  • To execute any task related to the collection requested by collection management.

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