Jobs Administration Jobs in Saudi Arabia in Saudi Arabia
Job summary
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.
Job Responsibilities
- To work according to the develop policy and procedures of the collection function to maintain efficient commercial practices.
- Follow up the due lease receivables based on 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 request and invoice 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 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.
8. Record collections in the ERP, follow up on payment delays, and report unpaid invoices to the legal
department for posting in Simah portal.
9. To execute any task related to the collection requested by collection management.
Performance Measures
· Collection Effectiveness
· Over 90 Days
· Tenant Satisfaction level
· Minimized delinquency rates
· Minimized receivables lead time
Internal Communication Channel
· UAPM Operations
· URED
· Management
External Communications Channel
· URED’s existing Tenants and their representatives
· Prospective retailers
· External service providers
Qualifications & Education Level
- A minimum of 3 years of experience collection field.
- A bachelor’s degree in business administration or diploma.
Job Details
| Posted Date: | 2020-10-15 |
| Job Location: | Riyadh, Saudi Arabia |
| Job Role: | Administration |
| Company Industry: | Real Estate |
Preferred Candidate
| Career Level: | Entry Level |
| Degree: | Bachelor's degree |
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