Job title: Credit & Collection Controller
Company: Innovations Group
Job description: Roles & Responsibilities :Collect, monitor, and manage customer accounts for prompt payment.Implement, integrate, and develop cooperation with a third-party credit reviewer.Apply and manage the credit insurance limits for customers with the credit insurance company.Administer hold policies on payment history and evaluated risk and maintain bankruptcy files on customers.Manage and monitor the credit risk of customers and set appropriate internal credit limits & booking allowances by analyzing their financial statements and updates, forecasts and credit scores.Prepare and maintain a Tri-Party Agreements between Hydro, customer, and financer.Liaising with data privacy and logistic team for Customer IDD check and KYC preparation.Establish credit/collection management and process improvement goals, monitor / measure performance in order to achieve results.Develop and manage the credit and collection function to support all operating entities in Middle East, Africa, Americas area to optimize the effectiveness of and maintaincompliance with the Group credit policies.Maintain credit limits, preferably in the ERP system and manage the shipment order release process for orders on credit hold.Update customer accounts with notes regarding credit history, dates contacted and other relevant information in order to keep the finance community, management, and sales staff aware of each customer’s current credit risk situation.Initiate and manage the monthly “credit clinic” (review of all accounts receivables customer by customer and agree on an action plan with sales teams, finance, management, etc).Key Requirements :Bachelor Degree in business administration majoring in accounting, finance, economics, or the equivalent.5 years’ experience in accounting or credit & collection.Having the full knowledge of Letter of Credit & Bank Guarantee terminologies and practice.Equivalent combination of related education and experience in credit analysis, credit management, collections or finance position(s) can be considered.Must be trilingual: very good speaking & writing skills in English, French and Arabic.Ability to communicate effectively, both verbally and in writing, with all levels of an organization and externally.Good understanding of general accounting principles and application of the same.Self-directed requiring little supervision on a daily basis.Flexible and supportive to other members of the Finance team.Must be highly organized with ability to prioritize tasks.Must be results oriented with ability to maneuver between job functions and demands, quickly and accurately.Positive and pro-active team player.Thinking in terms of solutions rather than in terms of issues.Good judgment.Able to meet deadlines, strong time management and workload efficiency skills.Persistence in finishing projects in spite of hindrances.Readiness to go for the extra mile.Proficient in Microsoft Word, Excel, Power-point, Outlook and SAP (AR+… module) practical knowledge
Expected salary: 15000 – 20000 per month
Location: Dubai
Job date: Thu, 08 Aug 2024 00:02:03 GMT
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Credit & Collection Controller
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