Job Details
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Job Description
- Develop of the Credit Policy and procedure to comply with THE COMPANY Credit Strategy ensuring that its alignment with the overall Finance plan.
- Document all processes and procedures related to credit control and ensure its regular updating and alignment with the overall organization credit control strategy.
- Manage and maintain the organization’s credit policy to ensure that credits are determined and collected in the planned dates.
- Manage the implementation of the credit control system that measures credit control performance and adequately identifies areas of concern.
- Manage the tracking of actual payments performance on a monthly, quarterly and annual basis to ensure identifying critical issues to the management to guarantee the company safeguards.
- Improve Collection and Credit Control system.
- Make contact with customers regularly to ensure all relevant debts are managed as necessary and Identify changes in payment patterns and propose action to avert indebtedness in a timely and accurate manner.
- Handle disputed charges and negotiate to bring payment within the agreed terms and provide accurate advice on charges queries.
- Ensure customers pay on time and negotiating re-payment plans and ensure that debts are paid in a timely manner and create the rescheduling plans (If Needed) after management approval.
- Follow-Up overdue amounts within agreed timescales and maintain accurate records of all chasing activity.
- Ensure that all transactions, provision calculation and provide account maintenance are compliant with Company's policies and THE COMPANY regulations.
- Produce reports and analyses, from internal and external data sources to provide management with the necessary Credit Control information for decision-making.
- Manage the analysis of current and new customers’ financial information, identify any issues of concern, and provide recommendations for action.
- Evaluate the creditworthiness of new customers and reevaluating current customers to decide whatever or not to offer the credit required.
- Identify the root cause of debt losses and propose solutions that aim at minimizing the company’s financial losses.
Job Requirements
Minimum Qualifications:
- Bachelor’s degree in Accounting and Finance or a relevant discipline.
Minimum Experience:
- 8 - 15 years’ experience in Credit Control in the real estate sector.
Job-Specific Skills:
- Knowledge of credit control & accounting related laws, practices and standards.
- Knowledge of financial analysis and reporting methods.
- Strong analytical abilities.
