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The OTC Senior Financial Specialist plays a vital role in the team, focusing on managing and enhancing the collection of overdue receivables from customers. This role will collaborate with stakeholders, leverage financial systems, and implement process improvements to ensure efficient and effective collections.
Responsibilities:
- Proactively manage a portfolio of accounts receivable, ensuring timely collection and resolution of outstanding invoices.
- Monitor and follow up on aged receivables, identifying and addressing collection issues promptly.
- Initiate communication with customers to secure timely payments and resolve payment discrepancies.
- Evaluate credit risk and make recommendations for credit limits and terms to minimize potential losses.
- Maintain accurate and up-to-date records of collection activities, communications, and payment agreements.
- Ensure compliance with internal policies, financial regulations, and legal requirements related to collections.
- Prepare regular reports on receivables status, collections efforts, and key performance indicators.
- Actively participate in continuous improvement initiatives aimed at streamlining O2C processes and enhancing collections efficiency.
- Utilize financial systems and tools to manage collections activities, update customer records, and track progress.
Qualifications:
- Bachelor's degree in finance, accounting, business administration, or a related field.
- Strong understanding of Collections and principles.
- Excellent communication skills.
- Experience or exposure in financial analysis, reporting, and data interpretation.
- Knowledge of compliance regulations and a commitment to upholding them.
- Experience with financial systems and software applications.
- Detail-oriented with strong organizational and time management skills.
- Problem-solving abilities and a proactive approach to issue resolution.
- Collaborative team player with the ability to work effectively across departments.
What you need to know about the Toronto Tech Scene
Although home to some of the biggest names in tech, including Google, Microsoft and Amazon, Toronto has established itself as one of the largest startup ecosystems in the world. And with over 2,000 startups — more than 30 percent of the country's total startups — Toronto continues to attract new businesses. Be it helping entrepreneurs manage their finances, simplifying business operations by automating payroll or assisting pharmaceutical companies in launching new drugs, the city's tech scene is just getting started.
