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Job Description
- Review and update company credit control policies, Bad debts follow-up, Credit authority matrix .
- Responsible for billing systems adjustments (Debit, Credit, Refunds and write offs).
- Review customer's creditworthiness analysis using intensive financial statements techniques , make recommendations to Management.
- Cash Collections Management, monitoring daily collection from different business units and comparing them with Budget.
- Follow up extensively with Legal advisors , provide them with Proofs / Documents that mitigate any risk of bad debts.
- Manage credit agreements - customer's purchase orders , balance confirmations , credit facility securities provided such as checks - promissory notes - bank guarantees - Loans against Mortgage - Letter of Credit (LC) .
- Generate management analysis / presentations covering several aspects such as the status of Actual collections Vs Budget , Aging reports with related comments, DSO / Receivables Turnover analysis , Credit suspension and restoration analyses, legal cases updates .
- Perform periodical visits to customers, do the needed market survey and report conclusions to Management.
- Manage the monthly accounts closing , monitor bank reconciliations , cash collection receipts , report discrepancies to Management .
- Audit the daily invoices issued to customers , compare them with customer purchase orders , rectify all discrepancies with the sales team or other related department(s).
- Coordinate with credit Insurance companies , manage compliance with Insurance policy terms and conditions..
- Monitor the daily activities of team members and carry on the needed steps to improve their skills.
Job Requirements
- Excellent teamwork, organizer, and communication skills.
- Strong analytical skills and an eye for detail.
- At least a bachelor’s degree in Accounting, Finance, Banking .
- Proven track record of making successful credit decisions.
- Familiarity with data entry and analysis.
- The ability to listen to customers and negotiate winning solutions
