Credit Controller

XCMG Trading Company Limited; Dammam, Jeddah, Riyadh; On-site; SAR 60,000 - 90,000; Full time

Job summary

A leading company in the construction machinery sector is seeking a skilled Credit Controller to manage customer accounts, assess creditworthiness, and ensure timely collections. This role involves liaising with various internal departments and developing credit control procedures to minimize bad debts. The ideal candidate will possess a strong background in finance or accounting, with proven experience in the heavy equipment industry, and will develop strategies to enhance the company's credit policies.

Qualifications

• Minimum of 3-5 years of experience in credit control or accounts receivable.
• Strong understanding of credit risk management and collection procedures.
• Proficiency in Microsoft Excel and financial modeling.

Responsibilities

• Oversee the company’s credit policies and manage customer accounts.
• Follow up with customers on outstanding invoices.
• Negotiate repayment terms and manage legal proceedings if required.

Skills

Negotiation

Analytical Skills

Attention to Detail

Problem Solving

Communication

Education

Bachelor’s degree in finance, Accounting, Business Administration, or related field

Tools

ERP systems

Microsoft Excel

Financial reporting tools (SAP, Oracle, Microsoft Dynamics)

Job description

Bachelor of Commerce, Bachelor of Business Administration

Nationality

Any Nationality

Male

Vacancy

Job Description

The Credit Controller is responsible for overseeing the company’s credit policies and managing customer accounts to ensure timely collections. The role involves assessing creditworthiness, setting credit limits, following up on outstanding debts, and mitigating financial risks while maintaining strong relationships with clients.

Evaluate new and existing customers' creditworthiness by analyzing financial statements, payment history, and market conditions.

Establish and monitor credit limits based on company policies and financial assessments.

Develop and enforce credit control procedures to minimize overdue balances and bad debts.

Monitor customer accounts and highlight potential credit risks to the management.

Ensure compliance with local regulations and company policies regarding credit management.

Collections & Account Reconciliation:

Follow up with customers on outstanding invoices via calls, emails, and official reminders.

Work closely with the sales and finance teams to ensure timely payments and dispute resolution.

Prepare and maintain an accurate aging report of receivables and overdue accounts.

Negotiate repayment terms with customers facing financial difficulties while safeguarding company interests.

Reconcile customer accounts to resolve discrepancies and ensure accurate record-keeping.

Reporting & Documentation:

Generate regular reports on accounts receivable, collections performance, and overdue accounts for management review.

Maintain up-to-date records of credit approvals, outstanding debts, and collection efforts.

Provide insights and recommendations to improve the company’s credit policies and collection processes.

Stakeholder Coordination:

Liaise with legal teams on disputed accounts and initiate legal action where necessary.

Coordinate with sales teams to assess the impact of credit decisions on business operations.

Work with external auditors and regulatory bodies during financial audits and compliance checks.

Work closely with internal departments, including Marketing, Operations, Parts, Service, HR, Finance, Warehouse, and Logistics, to ensure seamless coordination.

Undertake additional job roll-related tasks as necessary to support the company's mission and operations.

Carry out additional tasks as requested by management.

Key Performance

1. Excellent negotiation and communication skills.

2. Strong analytical and problem-solving abilities.

3. Attention to detail and accuracy in financial reporting.

4. Ability to work under pressure and manage multiple accounts effectively.

5. Knowledge of local financial regulations and credit risk management best practices.

6. Proactive and results-driven approach to debt recovery

7. Reduction in overdue receivables and bad debt ratio.

8. Timeliness and accuracy of credit risk assessments.

9. Efficiency of collection processes and customer dispute resolution.

10. Compliance with credit policies and financial regulations.

Desired Candidate Profile

• Bachelor’s degree in finance, Accounting, Business Administration, or a related field.
• Minimum of 3-5 years of experience in credit control, accounts receivable, or a similar role in a trading or heavy equipment industry.
• Strong understanding of credit risk management, financial analysis, and collection procedures.
• Experience with ERP systems and financial reporting tools (e.g., SAP, Oracle, Microsoft Dynamics).
• Proficiency in Microsoft Excel and financial modeling.

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Xuzhou Construction Machinery Group Co., Ltd. (XCMG) is a prominent entity in the Chinese construction machinery sector, ranking as the 3rd-largest globally. With values of responsibility, integrity, and achievement, XCMG aims to be a world-class enterprise. XCMG is slated to enter the Saudi Arabian market in 2023, expanding its global presence.