Head of Collections

First Executive Recruitment; Riyad Al Khabra; On-site; SAR 300,000 - 400,000; Full time

Job summary

A leading real estate development company in Saudi Arabia is seeking a Head of Collection. This role entails developing collection policies, managing accounts receivable, and collaborating with finance for efficient collections. Candidates should have at least 7 years in the collection field, with strong leadership and analytical skills. The company offers a competitive compensation package based on experience and interview performance, and prefers male Arab nationals currently based in Saudi Arabia.

Qualifications

• Minimum 7 years’ experience in Collection field, preferably in Real Estate.
• At least 3 years in a management role.
• Strong leadership and analytical skills.

Responsibilities

• Develop policy and procedures for efficient collection practices.
• Manage and track Company’s accounts receivable.
• Coordinate with Finance & Accounting on discrepancies.

Skills

Leadership skills

Accounting & analytical skills

Negotiation skills

Strategic planning

Budgetary control

Customer focus

Teamwork

Ability to work under pressure

Action-oriented and solution-driven

Job description

Our client is a LeadingReal Estate Development Company operating across the region.

Weare looking for experienced Head of Collection to be based in Riyadh, Saudi Arabia.

Reporting to: COO

KEY RESPONSIBILITIES

• Identify and develop policy and procedures for the collection function to maintain efficient collection practices and enhance control standards within the function.
• To manage, track and collect Company’s and external clients’ accounts receivable based on lease / rental data and coordinate with the commercial department for finalization of the collection.
• Direct and manage the collection of the rental and utilities due amount.
• Manage issue payment request and invoice to the tenant and follow-up on the lease/rental collection to ensure conduction of activities on a timely basis.
• Implementing the collection manual to issue warning notices & action notices and soon to tenants who are not making payments on time to expedite collection of overdue receivables.
• Coordinate with Finance & Accounting department to resolve any discrepancies with lease receivables.
• Manage submission of regular reports, lease collection efficiency, receivables lead time and delinquency.
• Manage and record collections numbers in the computer system, follow up on payment delays, and report unpaid invoices to the legal department & COO & CD, Finance and Accounting department if needed for posting in company portal.

KEY SKILLS

• Flexible with strong leadership skills and ability to interact with all levels of management
• Strong accounting & analytical & skills with sound business and financial acumen
• Excellent Leadership and negotiation skills
• Strategic Planning and organizing skills
• Budgetary Control
• Analytical skills.
• Customer Focus.
• Teamwork.
• Ability to work under pressure.
• Action-oriented and solution-driven and able to work in a fast pace environment.

ESSENTIAL REQUIREMENTS

• At least 7 years’ experience in Collection field preferably in Real Estate industry
• At least 3 years of experience in management role
• Must be flexible with strong leadership skills and ability to interact with all levels of management
• Should have strong accounting & analytical & skills with sound business and financial acumen
• Open to male Arab nationals based in Saudi now

COMPENSATION

• Salary is open and will depend on interview performance and experience