Collections Officer

Confidential Careers; Riyadh; On-site; SAR 60,000 - 80,000; Full time

Job summary

A financial services company is seeking a Progress Payments Collection Officer to manage client payment collections. Responsibilities include coordinating with project teams, ensuring timely payment submissions, tracking approvals, and maintaining accurate documentation. The ideal candidate has a bachelor's degree in finance or a related field and 2 to 4 years of experience in collections, preferably in construction or project-based companies. This role is based in Riyadh, Saudi Arabia and offers a dynamic work environment.

Qualifications

• Bachelor’s degree in a relevant field required.
• 2 to 4 years of experience in payment collection or accounts receivable.
• Experience in construction or project-based companies preferred.

Responsibilities

• Follow up on progress payment statements with clients.
• Coordinate with teams to submit payments on time.
• Track approval status and payment schedules.

Skills

Payment collection

Client coordination

Financial reporting

Documentation

Education

Bachelor’s degree in accounting, Finance, Business Administration

Job description

The Progress Payments Collection Officer is responsible for following up and collecting approved progress payments (statements/invoices) from clients, ensuring timely cash inflows in accordance with contract terms. The role requires close coordination with finance, projects, and clients to ensure accurate submission, approval, and collection of all receivables.

Key Responsibilities

• Follow up on submitted and approved progress payment statements with clients.
• Coordinate with project and technical teams to prepare and submit progress payments on time.
• Ensure all statements comply with contract terms and client requirements.
• Track approval status and payment schedules for all submitted statements.
• Follow up on overdue payments and take necessary collection actions.
• Prepare regular reports on collection status (approved, pending, delayed).
• Coordinate with the finance team to record collections and reconcile accounts.
• Address client inquiries or disputes related to statements and payments.
• Maintain proper documentation and records for all contracts and statements.
• Ensure compliance with company financial policies and procedures.

Job Requirements

• Bachelor’s degree in accounting, Finance, Business Administration, or a related field.
• 2 to 4 years of experience in progress payment collection, accounts receivable, or collections.
• Previous experience in construction, contracting, engineering consultancy, or project-based companies is highly preferred.