Factoring Operations Officer

A.T Lease Egypt -
Sheikh Zayed, GizaPosted 1 year ago

24Applicants for1 open position

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Responsible for the clients’ accounts starting from the activation phase after receiving the advising form and activation checklist from the CCD.
Responsible for reviewing the clients’ assignments including contracts, invoices, direct or endorsed cheque etc… and reporting the discrepancies to the concerned parties.
Processing the receivables quality and validity to ensure detecting fraudulent and duplicate invoices.
Assuring all terms and conditions stated in the internal approval are met and obtained.
Preparing all the required documents to be signed prior to disbursement like the assignment list, notification list, offer of payment etc…
Preparing the operational and disbursement checklists, having them reviewed then signed and approved from the DCEO/CEO.
Communicating the fees amount to the client and insuring the collection prior to disbursement (in case of reverse factoring) in accordance with the A/R department.
Sending the transactional cheques to treasury department to be sent to A.T. Lease bank for collection after reviewing them.
Following up with the finance department regarding the receivables collection status.
Releasing the retained amounts/retention back to the client at maturity upon the collection of the transactional cheques (most commonly in receivables factoring).
Conducting Invoice verification using as indicator the historical receivables of the client with the different debtors in terms of average quantities, amounts, invoice serial number etc...