Accounts Receivable Controller

Job description / Role

Group overview:

Headquartered in Riyadh, Saudi Arabia, we operate construction and manufacturing businesses, design & development centers and a host of facilities in the Middle East and other countries.

alfanar is involved in:
- Electrical, Electromechanical and Civil Engineering Construction
- Manufacturing and Marketing Electrical Construction Products
- Allied Engineering Services

Our Main Divisions:
- alfanar electric
- alfanar Construction
- alfanar Building Systems

alfanar electric

alfanar electric is the industrial arm of alfanar, manufacturing a variety of low, medium and high voltage electrical construction products.

alfanar electric operates industries in:
- Riyadh and Jubail, Saudi Arabia
- Dubai, UAE
- London, UK

alfanar has a development and engineering center in Chennai, India.

Industrial Complex, Riyadh

The center of alfanar's industrial activities is alfanar Industrial Complex situated in the Third Industrial Zone on Al-Kharj Road, Riyadh.

Spread across 700,000 square meters, the Complex houses alfanar's facilities.

The Complex has a comprehensive infrastructure including a data and communication center as well as a commercial zone.
Job Purpose

Manage and execute daily activities of accounts receivable process. Ensuring accurate recording of transactions, timely invoicing, and efficient collection of payments to maintain positive cash flow. Support the financial health of the organization.

Key Accountability Areas

Invoicing and Billing:
- Generate and issue accurate and timely invoices to customers based on sales transactions.
- Ensure compliance with company policies and regulatory requirements.

Credit Management:
- Assess the creditworthiness of new customers and recommend credit limits.
- Monitor existing customer credit limits and communicate changes as necessary.

Collections Management:
- Implement collection strategies to ensure timely payment of outstanding invoices.
- Follow up with customers on overdue accounts and resolve billing discrepancies or disputes.

Cash Application and Reconciliation:
- Apply payments received to customer accounts accurately and in a timely manner.
- Reconcile payments and resolve discrepancies between payments and invoices.

Reporting and Analysis:
- Generate regular reports on accounts receivable aging, cash collections, and other relevant metrics.
- Provide insights and analysis to support decision-making.

Customer Relationship Management:
- Foster positive relationships with customers to enhance communication and facilitate smooth payment processes.
- Address customer inquiries related to invoices, payments, and account balances.

Process Optimization:
- Continuously review and improve accounts receivable processes for efficiency.
- Identify opportunities for automation to streamline workflows.

Cross-functional Collaboration:
- Collaborate with sales, customer service, and finance teams to address customer-related issues.
- Participate in meetings to provide updates on accounts receivable status and discuss potential challenges.

Role Accountability

HR Proficiency:
- Ability to obtain updated soft and technical skills related to the job
- To have a vision and a plan for the career path and how to achieve it.

Delivery:
- Perform the planned activities to meet the operational and development targets as per delivery schedules.
- Utilize resources effectively to achieve objectives within efficient cost and time.
- Provide a periodic report formatted by detailing the deviation and execution of planned tasks.

Problem-Solving:
- Solve any related problems arise and escalate any complex operational issues.

Quality:
- Ensure quality requirements to develop effective quality control and processes including specifications for products or processes or related activities.

Business Process Improvements:
- Coordinate well-defined written systems, policies, procedures, and seek automations opportunities as much as possible.

Compliance:
- Comply to related policy and procedures and work instructions.

Health, Safety, and Environment:
- Ensure compliance of relevant safety, quality, and environmental management procedures and controls within defined area of work activity to guarantee safety, legislative compliance, and delivery of high-quality products/services.

Requirements

Academic Qualification
Bachelor Degree in Accounting and Finance

Work Experience
4 to 6 Years

Technical / Functional Competencies
Accounts Receivable (AR)
Financial Analysis
Financial Reporting

About the Company

alfanar builds efficient energy systems & solutions of the present and sets up infrastructures for a brighter future.

We assist utility sector partners & customers in transforming cities into sustainable, habitable, and inclusive Smart Cities by harnessing renewable energy resources from wind, solar, and waste heat energy. Promoting the transition to a sustainable eco-conscious future.

Using world-class technologies, we develop unrivaled quality electrical solutions & products from our manufacturing facilities, to solve the world’s major energy challenges and make the world a better viable place.

Diligence, Efficiency, and Innovation are the key criteria our teams adopt in order to continuously provide effective solutions. We’re constantly equipping our teams with the tools they need to expand their horizons and reach higher grounds.

Being in an ever-changing environment with a crucial impact on their surroundings, our employees are nurtured to become keen thinkers with highly refined skills and a consistent outlook on the future, working together on finding the next big innovation.