Our client, a market leader in Real Estate and Property Development is seeking a Function Head – Collections. Based in Riyadh and reporting to the COO.
The ideal applicant will be responsible for managing and executing all activities related to collections with a minimum of 7 – 10 years of experience in Collections preferably from the Real Estate sector.
You will identify and develop policies and procedures for the collection function to maintain efficient collection practices and enhance control standards within the function in line with organizational direction.
To manage, track, and collect clients’ accounts receivable based on lea data and coordinate with the commercial department for finalization of the collection.
Direct and manage the collection of the rental and utilities due amount.
Manage Issue payment request, and invoice to the tenant and follow-up on the lea collection to ensure the conduction of activities on a timely basis.
Implementing the collection manual to issue warning notices & action notices and so on to tenants who are not making payments on time to expedite the collection of overdue receivables.
Coordinate with the Finance & Accounting department to resolve any discrepancies with lease receivables.
Manage the submission of regular reports, lease collection efficiency, receivables lead time and delinquency.
Manage and record collections numbers in the computer system, follow up on payment delays, and report unpaid invoices to the legal department & COO & CD, Finance, and Accounting department if needed for posting in the company portal.
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