Job Description
Entity:
Finance
Job Family Group:
Finance Group
Job Description:
The Legal Recoveries Lead is responsible for the collection of proceeds for a portfolio of customers within a designated accounts receivable ledger that are deemed to be bad or doubtful debtors for the BP group.
The Legal Recoveries Lead will ensure that the company’s debtor position is handled to the relevant components of the credit policy and both working capital impact and risk to the Business Divisions are minimised by:
Collecting outstanding monies through use of various external parties including Mercantile Agents, Insolvency Practitioners and Solicitors.
Delivering an outstanding level of service and support to the customers and the client groups.
The Legal Recoveries Lead provides mentorship, advice and support to the GBS credit team to optimally handle credit across the portfolio.
Key Accountabilities
• Proactive communication within the designated customer portfolio to initiate payment of overdue debt
• Handle inbound communication from customers
• Formulate and initiate recovery strategies that improve returns and teach Mercantile Agents accordingly.
• Develop & maintain professional relationships with Key stakeholders, customers and external service providers including collection agencies, legal firms, and other external service providers
• Take care of Administrators/Liquidators, etc where appropriate.
• Manage the achievement of credit targets
• Understand and act in accordance with bp’s credit policy
• Ensure that all possible actions are taken to minimise bad debt
• Cash match daily
• Raise & action paperwork for credit/debit memos, with the appropriate authorisation
• Ensure accurate and high level of customer data integrity
• Generate regular accurate reporting across the portfolio.
• Maintain customer files
• Provide recommendations for write off/provisioning of bad debt.
• Accurate and adaptable handling and resolution of customer queries and requests
• Maintain integrity of customer account data
Education And Experience
Bachelor’s Degree in Economics, Business, Finance, Accounting or related field with language skills.
10-12 years of accounts receivable, Legal recoveries, Collections, etc. is preferable
Shared service centre experience preferably in oil and gas industry/or any multinational
Experience dealing/working with sales and customers
Good Analytical and numerical skills with sound financial accounting experience.
Relevant systems knowledge – SAP
Skills And Proficiencies
Good interpersonal and decision-making skills in order to lead and maintain good relationships with key collaborators.
Able to look after sophisticated situations while maintaining the balance of customer and business focus
Able to consistently review and adapt approach and style to meet constantly evolving requirements.
Able to lead conflicting work issues and deadlines to ensure results are met and knows when to intensify matter on timely manner.
Able to prioritise, handle urgent issues and situations, following through to resolution in a timely manner and focusing efforts to deliver business value, advancing accurately if needed
Able to produce consistently high quality information within tight deadlines
Being able to work under fast paced environment
Detail oriented
Travel Requirement
No travel is expected with this role
Relocation Assistance:
This role is eligible for relocation within country
Remote Type:
This position is a hybrid of office/remote working
Skills:
Accounting for financial instruments, Accounting for financial instruments, Accounting policy, Accounting processes and financial systems, Agility core practices, Agility tools, Analytical Thinking, Analytics, Business process control, Business process improvement, Commercial Acumen, Commercial assurance for external reporting, Communication, Creativity and Innovation, Credit Management, Curiosity, Customer centric thinking, Data Analysis, Data visualization and interpretation, Decision Making, Digital Automation, Digital fluency, Financial accounting and reporting, Influencing, Internal control and compliance {+ 4 more}
Legal Disclaimer:
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, ****** orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us.
If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.
Finance
Job Family Group:
Finance Group
Job Description:
The Legal Recoveries Lead is responsible for the collection of proceeds for a portfolio of customers within a designated accounts receivable ledger that are deemed to be bad or doubtful debtors for the BP group.
The Legal Recoveries Lead will ensure that the company’s debtor position is handled to the relevant components of the credit policy and both working capital impact and risk to the Business Divisions are minimised by:
Collecting outstanding monies through use of various external parties including Mercantile Agents, Insolvency Practitioners and Solicitors.
Delivering an outstanding level of service and support to the customers and the client groups.
The Legal Recoveries Lead provides mentorship, advice and support to the GBS credit team to optimally handle credit across the portfolio.
Key Accountabilities
• Proactive communication within the designated customer portfolio to initiate payment of overdue debt
• Handle inbound communication from customers
• Formulate and initiate recovery strategies that improve returns and teach Mercantile Agents accordingly.
• Develop & maintain professional relationships with Key stakeholders, customers and external service providers including collection agencies, legal firms, and other external service providers
• Take care of Administrators/Liquidators, etc where appropriate.
• Manage the achievement of credit targets
• Understand and act in accordance with bp’s credit policy
• Ensure that all possible actions are taken to minimise bad debt
• Cash match daily
• Raise & action paperwork for credit/debit memos, with the appropriate authorisation
• Ensure accurate and high level of customer data integrity
• Generate regular accurate reporting across the portfolio.
• Maintain customer files
• Provide recommendations for write off/provisioning of bad debt.
• Accurate and adaptable handling and resolution of customer queries and requests
• Maintain integrity of customer account data
Education And Experience
Bachelor’s Degree in Economics, Business, Finance, Accounting or related field with language skills.
10-12 years of accounts receivable, Legal recoveries, Collections, etc. is preferable
Shared service centre experience preferably in oil and gas industry/or any multinational
Experience dealing/working with sales and customers
Good Analytical and numerical skills with sound financial accounting experience.
Relevant systems knowledge – SAP
Skills And Proficiencies
Good interpersonal and decision-making skills in order to lead and maintain good relationships with key collaborators.
Able to look after sophisticated situations while maintaining the balance of customer and business focus
Able to consistently review and adapt approach and style to meet constantly evolving requirements.
Able to lead conflicting work issues and deadlines to ensure results are met and knows when to intensify matter on timely manner.
Able to prioritise, handle urgent issues and situations, following through to resolution in a timely manner and focusing efforts to deliver business value, advancing accurately if needed
Able to produce consistently high quality information within tight deadlines
Being able to work under fast paced environment
Detail oriented
Travel Requirement
No travel is expected with this role
Relocation Assistance:
This role is eligible for relocation within country
Remote Type:
This position is a hybrid of office/remote working
Skills:
Accounting for financial instruments, Accounting for financial instruments, Accounting policy, Accounting processes and financial systems, Agility core practices, Agility tools, Analytical Thinking, Analytics, Business process control, Business process improvement, Commercial Acumen, Commercial assurance for external reporting, Communication, Creativity and Innovation, Credit Management, Curiosity, Customer centric thinking, Data Analysis, Data visualization and interpretation, Decision Making, Digital Automation, Digital fluency, Financial accounting and reporting, Influencing, Internal control and compliance {+ 4 more}
Legal Disclaimer:
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, ****** orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us.
If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.
💡 Quick Summary
Seeking a career-building opportunity? The Legal Recoveries Lead position is now open for candidates interested in the Legal Jobs sector. This role in Pune offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Legal Jobs is a plus.
