Credit Control Manager

Job Purpose

To manage credit approvals and debts collection from company’s existing and new debtors. Provide support and advise to the Company Management on overall debt scenarios and expected cashflow from collections.

Key Responsibilities

Functional Responsibilities:

  • Proactively manage and collect debts from company debtors in a timely manner
  • Assessing and evaluating new credit requests and reviewing customers’ credit ratings.
  • Setting up of terms and conditions of credit
  • Negotiating repayment plans, and re-negotiating if required
  • Preparing statements, client status reports and other relevant information as required
  • Liaise with internal/external legal consultants to initiate necessary legal proceedings for debt recoveries
  • Take overall responsibility for maintaining debtors’ database
  • Identify risk associated with debtors and proactively take measures to mitigate such risks
  • Evaluating and analyzing the current market situation and developing collection strategies
  • Maintains excellent relationship with all customers, to ensure seamless collection of receivables and timely recovery of debts.
  • Develop, apply, and maintain consistent and effective credit control policies and procedures
  • Strong understanding and application of IFRS 9
  • Coordinate audit activities with external and internal audits
  • Overseeing the credit control team

People Development

  • Guide and motivate subordinates to enhance performance and produce quality work and ensure that they are continuously developed for higher level roles.

Qualifications & Experience

  • Professional qualification in Finance and Accounting (CA, CMA, ACCA, CIMA or equivalent).
  • 7 to 10 years of experience, with at least 3 years at a supervisory/managerial level in Credit Control /Accounts Receivables
  • Should have a good understanding of various accounting aspects and international trends and standards.
  • Should have good analytical, numerical and research skills.
  • Should be able to communicate effectively and have excellent negotiation and interpersonal skills
  • Arabic speaking is a plus
  • Legal and commercial credit control management background
  • Good understanding of the legal process and assisting with developing new commercial terms
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