Job Title: Credit Control Specialist
Location: Saudi Arabia
Industry: Food & Beverage Manufacturing / Retail
Department: Finance & Accounting
Position Overview
The Credit Control Specialist is responsible for managing customer credit accounts, monitoring outstanding receivables, ensuring timely collections, conducting credit assessments, and supporting the month-end AR closing process. The role helps improve cash flow, reduce credit risk, and maintain compliance with company policies.
Key Responsibilities
Credit Management
- Assess customer credit applications and evaluate creditworthiness.
- Recommend credit limits based on risk analysis and company guidelines.
- Maintain uptodate customer credit files and documentation.
- Monitor credit limit utilisation and highlight potential risks.
Collections & AR Control
- Follow up with customers on overdue invoices to ensure timely collection.
- Coordinate with Sales, Billing, and Logistics to resolve disputes or billing issues.
- Reconcile customer accounts and handle unallocated or unapplied payments.
- Prepare weekly and monthly AR aging reports.
MonthEnd Closing Support
- Assist in AR monthend closing processes.
- Prepare AR reconciliations and related journal entries.
- Ensure accuracy of AR data within the ERP system.
Audit & Compliance
- Prepare documentation required for internal and external audits.
- Ensure adherence to IFRS, internal controls, and company credit policies.
- Maintain proper records of credit approvals, customer communication, and collection efforts.
Billing & Dispute Resolution
- Support the review of invoices, debit notes, and credit notes to ensure accuracy.
- Coordinate with internal teams to resolve any pricing or delivery discrepancies.
Cash Flow Support
- Update cash collection forecasts and share weekly reports with management.
- Identify high-risk accounts and suggest corrective actions.
Qualifications & Requirements
- Bachelor's degree in Accounting, Finance, or related field.
- Additional certifications (CMA/ACCA) are a plus.
- 35 years of experience in credit control, accounts receivable, or finance.
- Strong understanding of credit risk, AR cycles, and collection processes.
- Experience with ERP systems (preferably Dynamics 365).
- Proficiency in Excel (lookups, pivot tables).
- Strong communication and negotiation skills.
- Detail-oriented with analytical thinking.
- Ability to work under pressure and meet deadlines.
- Fluent in English; Arabic is an advantage.
