CREDIT CONTROLLER & ACCOUNT RECEIVABLES

Job Description

We urgently hire a CREDIT CONTROLLER & ACCOUNT RECEIVABLES for NEWMATIC GROUP in Dubai, Jabel Ali Freezone. We, Newmatic Group a Trading Company established in 1993 deal with the high-level Trading of Commercial Laundry Equipment, and we are one of the Leading world-class Laundry Equipment suppliers & Laundry Solutions providers in the entire Middle East. We are a group of companies with 4 Divisions & Branches in UAE, Qatar, and Saudi Arabia. Credit Controller is responsible for overseeing the credit granting process, assessing the creditworthiness of potential customers, managing overdue accounts, and minimizing the risk of bad debts. The role involves regular communication with customers to ensure timely payments, as well as collaborating with various departments to support the companys financial health.

• Credit Assessment:
• Evaluate the creditworthiness of new and existing customers.
• Set credit limits based on company policies and financial analysis.
• Conduct credit checks and review the financial information of clients.
• Invoice Management:
• Ensure invoices are generated and sent to customers promptly.
• Track and monitor outstanding invoices.
• Follow up with customers regarding overdue payments.
• Debt Collection:
• Develop and implement effective debt collection strategies.
• Contact customers via phone, email, or mail to remind them of outstanding payments.
• Negotiate payment plans with customers experiencing financial difficulties.
• Record Keeping:
• Maintain accurate and up-to-date records of all credit transactions.
• Prepare regular reports on credit and collection activities.
• Update customer records with payment statuses and other relevant information.
• Internal Collaboration:
• Work closely with the sales and customer service teams to resolve billing disputes and discrepancies.
• Liaise with the finance department to ensure accurate accounting of receivables.
• Risk Management:
• Identify and mitigate potential risks related to customer credit.
• Recommend actions such as credit holds or adjustments to credit terms.
• Compliance:
• Ensure compliance with relevant laws and regulations related to credit management.
• Adhere to company policies and procedures regarding credit control.

Accounts Receivable is responsible for managing all aspects of the accounts receivable process, including invoicing, payment collection, and customer account reconciliation. This role ensures that the company?s receivables are collected promptly and accurately, maintaining strong relationships with customers and supporting the overall financial health of the organization.

• Invoicing:
• Generate and send out invoices to customers.
• Ensure accuracy and completeness of invoices, reflecting services rendered or products delivered.
• Coordinate with the sales and operations teams to verify all billable activities.
• Payment Collection:
• Monitor and follow up on outstanding invoices to ensure timely payment.
• Contact customers regarding overdue accounts and arrange payment.
• Negotiate payment plans or settlements when necessary.
• Customer Account Management:
• Maintain up-to-date customer records, including contact information and payment history.
• Reconcile customer accounts to ensure all payments are properly applied.
• Address and resolve any billing discrepancies or disputes.
• Reporting:
• Prepare and distribute regular reports on accounts receivable status, aging, and collections performance.
• Provide analysis and insights into collection trends and areas of improvement.
• Cash Application:
• Accurately apply customer payments to their respective accounts.
• Process and record bank deposits and electronic payments.
• Reconcile payment receipts with the general ledger.
• Collaboration:
• Work closely with the finance and accounting teams to ensure accurate financial reporting.
• Coordinate with the sales team to resolve any issues related to customer accounts or billing.
• Collaborate with the credit control team to manage credit risk and maintain healthy cash flow.
• Compliance:
• Ensure compliance with company policies and relevant accounting standards.
• Adhere to internal controls and procedures for accounts receivable processes.

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