Credit Controller

SADAFCO; Jeddah; On-site; SAR 90,000 - 150,000; Full time

Job summary

Sadafco is seeking a dedicated Credit Control professional to assist the Credit Control Manager in maintaining an effective and sustainable credit control system in collaboration with Sales. The role focuses on timely collections, policy adherence, and ongoing analysis of customer debt with a view to improving regional cash collection forecasts and financial reporting.

Key duties include monitoring outstanding balances, communicating with customers before payments are past due, and supporting

Responsibilities

• Review and update company credit control policies and procedures in liaison with sales and finance management, and ensure adherence by all.
• Review and provide periodic financial reporting to management regarding regional cash collection forecasts, aged debtor analysis.
• Assist the sales department in analyzing and preparing the collection forecast report to monitor pending collections.
• Manage outstanding balances and contact customers before payments become overdue, initiating steps to recover debts.
• Apply rebates and changes from the new Business Development Agreement to monthly bookings.
• Perform timely reconciliations of customers' accounts to ensure complete records and timely collection.
• Assist Credit Control Manager in providing all requirements related to Accounts Receivable (AR) for external audit.

Job description

Purpose of the Job:

Assist the Credit Control Manager in maintaining and improving an effective and sustainable credit control system for the company that ensures timely collections, in close cooperation with Sales.

Key Accountabilities

• 1. Internal Controllership
  • Review and update company credit control policies & procedures in liaison with sales & finance management and ensure adherence by all.
• 2. Management Reporting
  • Review and provide periodic financial reporting to the management regarding regional cash collection forecasts, actual & aged debtor’s analysis.
• 3. Collection Forecast
  • Assist the sales department in analyzing and making the collection forecast report, inorder to properly follow up on pending collections.
• 4. Customers’ communication
  • Manage outstanding sales balances & contact customers before payments become overdue, and initiate proceedings when required, to ensure outstanding debts are brought to a satisfactory conclusion.
  • Develop excellent relationship with top customers through regular visits.
• 5. Customers’ contracts obligations
  • Rebate calculations and applying new Business Development Agreement (BDA) changes on the monthly booking.
• 6. Customers’ accounts reconciliations
  • Timely reconciliations of customers’ accounts to ensure completeness of records and timely collection.
• 7. External Audit
  • Assist Credit Control Manager in providing all requirements related to Account Receivables (AR)
• 8. Credit risk assessment
  • Review and evaluate customers’ credit limits to ensure the accuracy of credit limits assigned to customers based on their history behaviors.