Job Description
Job Summary
- We are looking for a proactive Debit Mandate Officer to manage the enrollment and monitoring of customers on direct debit systems.
- This role is key to ensuring smooth and efficient collection of payments via debit mandates by tracking mandate success, addressing failures, and coordinating with banks and payment processors.
Key Responsibilities
- Ensure all eligible customers are enrolled in the direct debit payment system accurately and promptly.
- Monitor and track the success or failure rates of debit mandate transactions on a regular basis.
- Proactively follow up on failed debit transactions, identify issues, and update mandate instructions as required to resolve failures.
- Liaise and coordinate with banks, payment processors, and other stakeholders to resolve mandate-related issues effectively.
- Maintain detailed and accurate records of mandate enrollments, failures, resolutions, and correspondence.
- Provide regular reports on mandate performance and recommend process improvements to enhance collection efficiency.
- Assist in educating customers and internal teams on direct debit procedures and best practices.
Qualifications & Experience
- Bachelor’s degree in Finance, Business Administration, or a related field preferred.
- 1–3 years of experience in payment processing, collections, or operations within financial services.
- Familiarity with direct debit systems and banking/payment processing operations is highly desirable.
- Strong attention to detail and organizational skills.
- Excellent communication and problem-solving abilities.
- Ability to coordinate effectively with external partners such as banks and payment processors.