Credit and Collections Officer
Faaz Consulting LLC
Published Date: • Remote
Description
Credit and Collections Officer
Company: FAAZ Consulting
Job Location: Pakistan (Remote)
Job Type: Full-Time
Experience Required: 7+ Years
Career Level: Experienced Professional
Functional Area: Finance / Accounts
Work Timings: US Eastern Time (ET)
Salary: [Enter approved monthly salary in PKR]
Job Description
FAAZ Consulting is looking for an experienced Credit and Collections Officer to work directly with an international client in a fully remote capacity.
The ideal candidate will have strong experience in credit management, accounts receivable, collections, credit risk assessment, and financial reporting. The individual will be responsible for managing end-to-end credit and collections operations across multiple business units, improving cash flow, maintaining financial controls, and supporting finance transformation initiatives.
This position requires someone who can work independently, communicate professionally with international customers and stakeholders, and take ownership of day-to-day credit and collections operations.
Key Responsibilities
Professional Qualifications (Preferred)
- CPA, ACA, ACCA, or equivalent professional qualification.
- Part-qualified professionals with substantial relevant experience may also be considered.
Additional Preferred Experience
- SAP ECC or SAP S/4HANA Public Cloud.
- Multi-currency accounting (USD, GBP, EUR).
- Business carve-outs, TSA transitions, or ERP implementations.
- Life sciences, CDMO, pharmaceutical manufacturing, or project-based manufacturing experience.
Remote Working Requirements
- Must be based in Pakistan.
- Must be available to work according to US Eastern Time business hours.
- Must have a personal laptop or computer suitable for professional work.
- Must have reliable high-speed internet at home.
- Must have backup internet connectivity and backup power arrangements.
- Must be comfortable working remotely with international teams.
Application Instructions
Candidates meeting the above requirements are encouraged to apply with an updated CV highlighting their experience in credit management, accounts receivable, collections, and financial operations.
Only candidates with relevant professional experience and the ability to meet the remote working requirements will be considered.
Responsibilities
- Credit Management and Risk Assessment
- Manage customer credit applications, credit assessments, reviews, and credit limit setting.
- Evaluate customer creditworthiness based on financial information and payment history.
- Monitor credit limits and recommend adjustments where required.
- Maintain credit documentation and supporting records.
- Coordinate credit holds, releases, and exceptions with relevant stakeholders.
- Accounts Receivable and Collections
- Manage the complete accounts receivable aging and collections process.
- Follow up directly with customers regarding overdue invoices and outstanding balances.
- Resolve payment disputes, billing discrepancies, and collection issues.
- Negotiate payment arrangements and escalate unresolved accounts.
- Monitor aged receivables, particularly balances overdue by 60 and 90 days.
- Perform customer account reconciliations and investigate discrepancies.
- Cash Application and Financial Reporting
- Ensure accurate and timely application of customer payments.
- Investigate and resolve unapplied cash balances.
- Coordinate with revenue and general accounting teams.
- Prepare monthly AR reconciliations, aging reports, and balance-sheet schedules.
- Maintain collections forecasts and support the 13-week rolling cash forecast.
- Financial Controls and Process Improvement
- Develop and maintain credit policies, procedures, and internal controls.
- Maintain documentation supporting credit decisions, collections, and write-offs.
- Support internal and external audits.
- Identify opportunities to improve collections, reporting, and working-capital management.
- SAP and Finance Transformation
- Participate in SAP S/4HANA Public Cloud implementation activities.
- Support process workshops, data migration, user acceptance testing, and system cutover.
- Assist with the transition to standalone finance operations.
- Manage migration and reconciliation of customer master data and open AR balances.
Develop standard operating procedures for credit and collections.
Experience
7 Years
Apply By
Required Skills
- Accounts Receivable
- Credit Management
- Customer Negotiation
- English Communication
- Microsoft Excel
- Internal Controls
- Accounting principles
- Accounting Procedures
- Credit Policies
- Financial Controls
- Cash Application
- Customer account reconciliations
- Financial Reporting
- Credit Risk Assessment
- Collections
Nice to Have Skills
- Attention to detail
- Problem Solving
- Process Improvement
- Stakeholder Management
- Time management
- Life Sciences
- ERP Implementations
- TSA transitions
- business carve-outs
- Multi-Currency Accounting
- SAP S/4HANA Public Cloud
- SAP ECC
- ACCA
- ACA
- CPA