Sr. Credit Controller

We are looking for a highly skilled and experienced Sr. Credit Controller to join our team in Dammam, Saudi Arabia. As a Sr. Credit Controller, you will be responsible for managing the credit control function of our organization, ensuring timely payment from customers and minimizing bad debts. You will play a crucial role in maintaining the financial stability of our company and ensuring smooth cash flow.

Responsibilities:

1. Develop and implement credit control policies and procedures to ensure effective management of credit and collection processes.
2. Monitor and analyze customer credit limits and payment terms to minimize financial risks and bad debts.
3. Review and assess the creditworthiness of new and existing customers by conducting credit checks and analyzing financial statements.
4. Manage the collection of outstanding payments from customers by sending reminders, making phone calls, and initiating legal actions if necessary.
5. Negotiate and establish payment plans with customers to facilitate timely payment and reduce the risk of bad debts.
6. Maintain accurate records of all credit control activities, including customer interactions, payment agreements, and legal actions.
7. Collaborate with the sales team to resolve any customer disputes or issues related to credit and collections.
8. Prepare and present regular reports on the status of outstanding payments, aging debt, and credit control performance to the management team.
9. Stay updated with the latest industry trends and best practices in credit control to improve the efficiency and effectiveness of the credit control function.

Preferred Candidate:

1. Minimum 2 years of experience in credit control or a similar role.
2. Bachelor’s degree in finance, accounting, or a related field.
3. Proven track record in managing credit control functions and achieving targets.
4. Strong knowledge of credit control principles, practices, and regulations.
5. Excellent analytical and problem-solving skills.
6. Ability to build and maintain relationships with customers and internal stakeholders.
7. Attention to detail and accuracy in financial data analysis and reporting.
8. Ability to work independently and meet tight deadlines.
9. Proficient in using financial software and Microsoft Office applications.