To oversee the financial collection department of a company and are responsible for the correct invoicing of clients and the timely receiving of payment. • Setting payment collection goals and targets for the department. • Creating and implementing a strategy to improve the collection of outstanding credit. • Implementing collection policies and procedures to avoid excessive outstanding credit. • Ensuring that the company policy on recoveries is followed and that it is in line with state and central regulations. • Implementing deadlines for invoicing and payment collection. • Negotiating with customers in cases when non-payment occurs. • Preparing monthly feedback reports on payment collections. • Remaining informed of any legislative procedural training regarding debt collection. • Training and mentoring of staff members in the collections department. Qualification: MBA Experience: 10 to 12 years