Job Description Summary
Responsible for developing and executing cash and credit management strategies for the Company. Responsible for treasury activities including cash management, customer relations and cash and credit planning. Has in-depth knowledge of best practices and how own area integrates with that of others; has working knowledge of competition and the factors that differentiates them in the market.Job Description
Roles and Responsibilities
- Manage cash collection process with customers, follow up with the customers to ensure timely cash collection (collection through LCs, bank transfers, checks).
- Provide visibility and estimates of cash to be collected monthly / quarterly from due and not due invoices for effective cashflow management.
- Provide visibility and estimates of Past dues. Review monthly risks and opportunities. Work with teams where applicable to manage and escalate disputes.
- Prepare quarterly BDR for the LCT (EQ and CS). Actively work with teams to reduce and mitigate the BDR tickets.
- Manage cash application process. Work with central team to provide timely input for cash application and minimize unapplied cash.
- Manage the quarterly customer balance reconciliation/confirmation process with the customers.
- Manage invoices delivery process for KSA and ensure timely submission of invoices.
- Actively monitor and track customer limits and flag potential credit limit breach. Work with the customers to arrange securities (LC, PDC, PNs, BGs etc.).
- Manage and develop the teams of cash collectors. Work with cross functional teams to find creative solutions to address complex problems that may impact receivables.
Required Qualifications
- Bachelor’s degree in finance or accounting from an accredited university.
- At least 10 years of experience in cash and credit management function.
Desired Characteristics
- Strong oral and written English and Arabic communication skills. Strong interpersonal and leadership skills. Demonstrated ability to analyze and resolve problems.
Additional Information
Relocation Assistance Provided: No