Collection Analyst

Job Description

Wood is hiring for Collection Analyst role for Finance Shared Services, Gurgaon. The primary objective of the role is to support Wood’s cash flow through timely collection of outstanding payments from clients driving reductions in DSO. Collaborating with the FSS billing teams, business finance and delivery teams together with client AP teams, this role will focus on ensuring that clients have received invoices, understanding when invoices will be paid, and prompt escalation of issues needing input from the business finance and project delivery teams to resolve. This is a critical role as it has a direct impact on Cash flow of the organization. Monitor customer accounts to identify overdue. Proactively follow up on client invoice receipt and approval, and expected payment dates Ensure reminders are sent relating to invoices issued but not yet due to be paid Send statements periodically and as needed. Contact clients as soon as an invoice is overdue, and ensure overdue notifications are sent within 48 hours of an invoice becoming overdue Record all communication (verbal & written) with customer in the system for future reference and follow ups. Making Phone calls to client AP contacts for payment follow up/updates. Follow the Promise to Pay process by creating and updating the accurate client payment commitments. (initial system needs agreement) Summarize the expected payments by week to feed the 13 week forward looking cash forecasting. Provide inputs/commentary for management reporting/Dashbaord in a timely manner. Attend weekly cash collection calls as required Support month-end AR reporting as required Other Adhoc tasks as assigned by manager for supporting collection efforts Qualifications: B.com. MBA (Finance) will be preferred Knowledge, skills, and experience : Proficient user of Microsoft 365 collaboration tools. Hands on experience on using Oracle & Power BI preferred. Excellent client communication skills both written and verbal mandatory. Hands on experience of using Oracle ERP & client portals preferred. Wood is a global leader in consulting and engineering, helping to unlock solutions to critical challenges in energy and materials markets. We provide consulting, projects and operations solutions in 60 countries, employing around 35,000 people. www.woodplc.com Diversity Statement We are an equal opportunity employer that recognises the value of a diverse workforce. All suitably qualified applicants will receive consideration for employment on the basis of objective criteria and without regard to the following (which is a non-exhaustive list): race, colour, age, religion, gender, national origin, disability, sexual orientation, gender identity, protected veteran status, or other characteristics in accordance with the relevant governing laws.