Credit Controller / AR Accountant
Job Purpose
This role is responsible for managing and overseeing the credit control process starting from client evaluation and payment agreements to payment collections. This responsibility is achieved by overseeing the credit control team and resolving possible issues as well as implementing ongoing improvements to increase efficiency.
Responsibilities
- Develop credit control system and tools to reduce risk associated with credit retrieval.
- Monitor the process in its entirety to guarantee appropriate payment agreement with client and smooth payment collection.
- Oversee credit control team and resolve all issues raised both internally and externally surrounding payment processing.
- Collect and analyze client requirements to ensure efficient billing processes
- Collaborate with internal departments to facilitate and ensure timely billing processes.
Duties
- Conduct credit checks on potential clients by calculating target scores and evaluating their financial status.
- Monitor risk probability of existing clients and recommend solutions to reduce the impact rate.
- Develop credit control system and tools to evaluate client suitability and determine payment terms and conditions accordingly.
- Maintain strong relationships with clients through visits to ensure smooth invoicing and payment process.
- Ensure invoices are processed efficiently to guarantee timely payment collection
- Review forecasted payment plan and follow up on outstanding payments to ensure timely settlement.
- Perform final review of invoices and oversee their timely dispatch to clients.
- Manage the cash application process by obtaining supporting documents from clients and coordinating with the treasury team to ensure accurate balancing
- Obtain balance confirmations from clients to maintain accuracy in financial records
- Identify problem areas in payment process and smooth out to avoid future delays and maximize efficiency.
- Assess client claim and decide on solution based on investigation and documents
- Monitor DSO ratio and regularly report findings to finance director
- Adhere to the management controls and reporting system
- Other ad-hoc duties as required.
Requirements
- Bachelor’s degree in business, accounting or a related field
- 3-5 years of experience in a similar role
- Excellent communication skills
- Strong negotiation skills
- Attention to detail
- Strong understanding of pricing strategies and concepts
- Proficiency in English and Arabic
- Ability to manage a team
Benefits
- Competitive salary.
- Health insurance.
- Opportunities for professional development.
- Friendly and collaborative work environment.
If you are passionate about Credit Controller / AR Accountant and thrive in a fast-paced environment, we would love to hear from you. Please submit your resume and a cover letter explaining why you are a great fit for this role
