Position Details

Our client is a leading German manufacturer, currently setting up a Global Business Services centre in Sofia. They are planning to hire over 70 individuals into four teams: Procure to Pay, Record to Report, Order to Cash, and Controlling.

They are now hiring an OTC Specialist with strong knowledge and proven track record in Accounts Receivable processes such as Credit Control and Collections. You will ensure accurate and timely invoicing, maintain accurate customer account records, and follow up on outstanding payments. This role is crucial to maximizing cash flow and minimizing outstanding receivables through effective communication and collaboration with different process areas.

Job Responsibilities

  • Process accounts and incoming payments in compliance with financial policies and procedures.
  • Perform daily financial transactions, including verifying, classifying, computing, posting, and recording accounts receivable data.
  • Monthly/weekly completion/monitoring of cash flow and working capital forecast
  • Be in contact with local finance controllers and customers to collect due receivables/pre-delinquent contacts for invoices that are not yet due.
  • Maintain accounts receivable records to ensure aging is up-to-date, credits and collections are applied, uncollectible amounts are accounted for, and miscellaneous differences are cleared.
  • Monitor and collect accounts receivable by contacting clients via phone, email, and mail.
  • Assist the Financial Reporting group with various duties during the monthly and quarterly close process, including preparing the company’s financial reporting packages with detail, Bad Debt Provision, ad-hoc and monthly/weekly Aged debt reports/AR overdue reports, Working Capital and Cash flow forecasts and others
  • Receive, record and route customer dispute; Monitor and escalate open disputes; Perform root cause analysis; Resolve dispute notifications
  • Maintain positive relationships with customers while collecting outstanding payments.
  • Provide support to auditors upon request
  • Meet established collection goals and deadlines.
  • Identify improvement areas and suggest development of the processes accordingly
  • Adhere to all company policies and procedures related to accounts receivable.

Job Requirements

  • Bachelor’s degree in Accounting, Finance, or Economics
  • 2+ years’ relevant experience in an international environment
  • Proficiency in computer applications including Microsoft Excel (Pivot tables, VLOOKUP, Charts), PowerPoint, and process mapping tools
  • SAP experience would be considered an advantage
  • Good communication and organizational skills
  • Excellent time management skills with the ability to prioritize.
  • Logical thinking
  • Process-oriented mindset
  • Strong analytical skills
  • Full professional proficiency in written and oral English required; Other languages would be considered an advantage
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