AM-Collections & Disputes
Genpact
- Hyderabad, Telangana
- Permanent
- Full-time
We are looking for a seasoned and adept Senior Collections & Dispute Resolution Specialist with experience in Order to Cash processes and proficiency in SAP. Join our vibrant finance team and play a pivotal role in formulating and implementing impactful collections strategies, overseeing the dispute resolution process, ensuring efficient cash application support, and contributing to the Order to Cash lifecycle. If you possess a demonstrated history of successfully navigating intricate collections and dispute scenarios, coupled with hands-on experience in SAP ERP, we invite you to apply for this critical position.
Responsibilities
- Develop and assess collection strategies to optimize the recovery of outstanding balances.
- Generate and analyze AR aging reports, prioritizing customer accounts based on collections strategies.
- Prepare and dispatch statements of accounts, collections notices, and dunning letters to customers via email.
- Contact customers for payment through phone and email, adhering to collections strategy.
- Escalate accounts within the customer's organization and internally as per collection strategy.
- Take necessary actions, including legal steps, to expedite resolution.
- Gather necessary information and prepare documents for settlement cases.
- Approve installment and settlement plans within the scope of authority.
- Track and follow up on customer payment promises related to settlements.
- Escalate accounts and take necessary actions for resolution, including legal steps.
- Prepare documentation/reports for governance meetings with Key Accounts Managers.
- Manage bad debt write-offs, including forecasting, approval, and reconciliation.
- Initiate refund requests for credit balances upon customer request.
- Create refund reports, reconciling requests with payments received.
- Review daily unidentified remittances report and assist with payment clearing.
- Perform customer accounts reconciliation.
- Respond to inquiries from customers or internal stakeholders regarding account reconciliations.
- Engage resolution owners for timely dispute resolution.
- Research and resolve disputes, including collaboration with internal and external stakeholders.
- Provide support for escalated dispute cases and inform customers of resolution outcomes.
- Manage customer deductions by obtaining backup documentation, reviewing documents, and assessing eligibility/validity.
- Delivering effective training programs to enhance the skills and knowledge of team members.
- Providing mentorship to foster professional growth and development within the team.
- Ensuring strict adherence to Service Level Agreements (SLAs) and Key Performance Indicators (KPIs).
- Driving process improvement initiatives for enhanced operational efficiency.
- Taking a proactive leadership approach, championing continuous improvement efforts within the team.
Minimum qualifications
- Bachelor’s degree in finance, Accounting, or related field
- Rich experience in collections, dispute resolution, and cash application.
- Strong analytical and problem-solving skills.
- Excellent communication and negotiation abilities.
- Previous experience in governance meetings and managing relationships with Key Accounts Managers
- Detail-oriented with a focus on accuracy and continuous improvement.
- Familiarity with industry regulations related to collections and dispute resolution.
- In-depth knowledge of collections strategies, best practices, and their integration within SAP systems.
- Hands-on experience in navigating complex collections and dispute scenarios.