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Credit & Collections Manager - KSA (for Saudi Arabia Nationals only)

8.00 to 10.00 Years   Dammam, Saudi Arabia   21 Oct, 2022
Future Pipe Industries
1 Jobs Openings
Job LocationDammam, Saudi Arabia
EducationMaster's degree
SalaryNot Mentioned
IndustryManufacturing
Functional AreaNot Mentioned

Job Description

Position Title:Credit & Collections Manager - KSA (for Saudi Nationals only)Location:KSAUnit/Division/Department/Section:FinanceKindly Note: This posting is open for Saudi Nationals only.JOB PURPOSE:Responsible for all of the credit control activities for the KSA Manufacturing company; including Credit administration and Collections, day to day Cash and Treasury Management, Internal and External Reporting, implementation and maintenance of controls and inter-departmental coordination that affects business decisions.JOB DIMENSIONS:Number of Staff Supervised:Direct Reports: 3-5KEY ACCOUNTABILITIES:Manage Financial Activities:

  • Responsible for all projects GP% are in line with the group policy
  • Responsible for reviewing and evaluating the expected profit level for the budget and actual projects and make comparison analysis to insure maximum return
  • Manage bidding/proposals process with the GCC team in relation to cost, prices and contract terms and condition for the KSA Company
  • Manage and supervise the activities and operations of the credit and collections functions including development and ongoing review of credit policy and customer credit rating in line with the regional and group policy
  • Supervise / verify any ad-hoc financial analysis required for decision-making
  • Manage day to day financial and accounting decisions related to all KSA companies, in line with the FPI group policies and procedures
  • Responsible for timely closure of books across KSA companies for Month-end and Year-end reporting
Cash, Treasury and Banking Facilities:
  • Responsible for managing the day to day relationship with all existing banks within the country
  • Responsible for ensuing all unfunded (LC, LGs, Bonds, warranties etc.) banking facilities are managed within agreed terms and conditions
  • If and when additional facilities are required; responsible for working with Corporate Finance and Controller Credit and Collections GCC to make the required changes
  • Responsible for optimising collection of available funds.
  • Review and approve credit terms by adhering to the Financial Authority Matrix
Budget Preparation and Control:
  • Responsible of preparing and control of budget / forecasts
  • Control all type of expenses as per the budget. Prepare comparisons and manage over and underutilization with local teams
Other:
  • Working with Corporate Finance and Controller Credit and Collections GCC, ensure all banking request for clients are met on time.
  • Implement and enforce country procedures (consistent with the regional & Group policies and procedures)
Teamwork & Employee Excellence:
  • Manage and mentor all KSA credit and collection staff Set KPIs for KSA Credit Control Team that are aligned with FPIs mission and vision
  • Conduct annual performance appraisals and provide feedback on strengths, areas for improvements and development opportunities for subordinates
  • Motivate and develop team to ensure they are able to meet Departments objectives
SPAN OF COMMUNICATION:
  • Internal: Director Finance GCC; EVP GCC; Chief Accounting Officer; Controller Credit & Collection GCC; GCC functional heads; Plant Finance Staffs; Internal Auditors; Business Units Heads
  • External: Banks, External Auditors; Customers
JOB RELEVANT INFORMATION (BOUNDARIES & DECISION-MAKING AUTHORITY):Prioritize and define the work process/instructions for subordinate reports, in agreement with the Controller Credit & Collection CCC. Make decisions within area of responsibility in line with the group policies and procedures and the authority matrix. Responsible for reporting any non-compliance with Group-wide policies and procedures.

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