Credit Control Manager

Purpose of the job

Manage the credit control process for SADAFCO that involves updating and maintenance of the credit policy, assessment of the credit worthiness of customers (local & international), timely assessment of potential bad debts, support in cash flow forecast. Boost exports through establishing a secure mechanism of letters of credit and guarantees.

Key Accountabilities

1. Credit Control Policy – Update & Maintain

• Maintain the company’s credit policy procedure in liaison with sales & finance management and ensure best practices are followed and adhered to

1. Credit Monitoring

• Monitor the credit granting process, conduct periodic credit review and ensure deductions are being taken from customers

1. Management Reporting

• Review and approve the periodic financial reporting statements to the management regarding regional cash collection forecasts

1. Collection Forecast

• Support the sales department in analyzing and making the collection forecast report so as to help in follow up on pending collections

1. Customer Communication

• Responsible for regular communication with customers by sending reconciliation statements to reinforce the collection policy. This will ensure that the slow-paying customers are followed up to ensure that the customers recognize their “pay-on-time” obligations to SADAFCO

1. External Audit

• Handle quarterly/annually audit with external auditors on all accounts receivable matters in compliance with IFRS
• Maintain accurate bad debts provisioning in the financial reports in co-ordination with the Financial Reporting team

1. Accounts Reconciliation

• Rebate calculations and applying new Business Development Agreements (BDA) changes on the monthly booking
• Timely reconciliations to ensure completeness of recording of rebates and promotions

Job Requirements

• Educational level: minimum bachelor’s degree, Master’s degree is preferred/ diploma in accounting will be considered too
• Minimal 7 years relevant experience; experience in FMCG is an advantage
• Languages: fluent in Arabic and English (speech, writing and reading) Proficient in Microsoft Office (Excel, PowerPoint and Word); IT savvy
• Business acumen
• Team player who can lead; people management experience is an advantage.

Job Competencies

• Excellent communication skills in writing, reporting and verbal
• Good negotiation skills
• Problem solving skills; conflict resolution skills
• Ability to work under pressure and handle deadlines
• Multitasking: able and capable to manage multiple projects simultaneously
• Strong analytical and numeracy skills
• Can-do and hands-on attitude
• Commitment to strong work ethics, integrity and honesty