| Job Location | Eastern Province, Saudi Arabia |
| Education | Bachelors degree / higher diploma |
| Salary | Not Mentioned |
| Industry | Oil & Gas |
| Functional Area | Not Mentioned |
Job Purpose:The main purpose of the Credit Control, sometimes known as a Credit Manager is responsible for managing a team that recovers unpaid monies owed to the organization. The debts may be from either business (commercial collection) or individuals (consumer collection). The credit function plays a vital role in the G&A to ensure that invoices are paid on time to assist the organization. This role often shares a number of responsibilities with finance, accounting, external and internal audit.Principal Accountabilities:Reporting to the Financial Controller/Finance Manager (depending on the size of your organization) the Credit Control Manager role will perform a wide range of duties and responsibilities. These may include, but are not limited to:? Managing a team of Credit Control Officers? Formulation of the companys credit policy to mitigate unnecessary risk, creating procedures and policies that ensure timely payments while maintaining a high level of customer retention? Reviewing credit applications and credit references to set credit limits and ensure creditworthiness? Liaising with customers, as well as internal personnel including the sales team? Ensuring credit and collection policies and procedures are followed? Preparing journal entries, credit notes and assisting with month-end? Monitoring debtor balances to ensure a reduction in debtors DSO, review, and report on Aged Debtors? Regularly meet and negotiate terms with all stakeholders? Reconciling complex accounts that have been escalated from the AR team? Manage write-offs, bad debt provisions, and setting up of payment plans? Preparation of the statement of claims for liquidators? Assisting the broader accounts team? Regularly reviewing the process and procedures to reduce debtor days? Leads, directs, evaluates and develops the Technical Sales Manager team to ensure that the objectives are reached? Is responsible for the development, performance appraisal and succession planning of all direct and indirect reports? Promotes highly effective management and leadership style in line with the Company?s values and that supports the achievement of its strategy and objectives? Identifies potential successor for his/her position; oversees and implements developmental plans for identified successors? Performs miscellaneous tasks as assigned by his/her direct manager
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