Credit Controller

Job description / Role

Purpose: To handle all day to day receivables and credit operations with customers in alignment with sales and Contracting departments. To ensure efficient, timely and accurate collection of debts and to validate credit limits and terms with customers. Follow up on the day to day billing and cash application operations; confirm that the billed revenue has been booked properly & assist with the effort to improve the accounts receivable processes and enhance/monitor the DSO position of the company. Act as the liaison with internal and external customers on debts matters and timely report of customers incidents and delays.

Key Accountabilities
• Handle day to day operations of cash collection and follow up on billing cycle
• Create financial reports relating to the Accounts Receivable function and status of accounts
• Contract Management activity to ensure all contracts, sales orders have been well reviewed and approved and all requirements are met for billing and governing the company rights.
• Send out invoices and ongoing follow up of its collections
• Follow up on, collect and allocate customer payments
• Generate aging analysis and review AR aging to ensure compliance
• Assists in the setting up of the credit control system
• Assists with analyzing recurring issues to help identify process improvements
• Handle customers queries/dispute resolution and maintaining accurate record of all chasing activities
• Dealing with internal queries about customer payments, ensuring customers pay on time and negotiate re-payment plans
• Ongoing customers’ assessments and analysis per client (ongoing follow up on customer credit ability)
• Liaise with Finance Manager and Legal team on bad debts and proposed claims, along with handling all legal cases in place and co-ordinate with Management on the new cases, if any
• Propose write-off to irrecoverable receivables
• Have routine credit meetings with sales and contracting department and customers if needed
• Have a bi-annual review of the credit policy to build in any market specific action points into the policy, so that the policy is always a market relevant one.
• Ensure financial records are maintained in compliance with accepted policies and procedures
• Ensure all A/R related financial reporting deadlines (daily, weekly, monthly & quarterly) are met
• Resolve A/R discrepancies and irregularities
• Continuous management support of budget and forecast activities
• Assist in audit preparations for related A/R and credit matters
• Facilitate, Help & participate as per the Group consolidation requirements
• Develop the credit management capability within the practice and internal control roles
• Ensure confidentiality to assigned information and database introduced to and adhere to any other duties which may be required to meet the demands of the role.

Requirements

• Graduate in Commerce with a minimum of 5 years in the GCC in a medium to large scale company in Receivables and Credit control department.
• Should have demonstrated high degree of proficiency in terms of effectively managing the credit portfolio resulting in enhanced working capital.
• Excellent communication skills at all levels,
• Computer skills with competence in Word, Excel, Outlook & Power point
• High standard of numeracy,
• Accuracy with attention to detail.

About the Company

Colas Middle East is one of the largest and leading suppliers of aggregates and asphalt to the Middle East construction industry, in addition to asphalt laying and contracting services. As a specialized Asphalt contractor, we offer a unique combination of the most advanced technical expertise, local knowledge and financial stability.

Colas Middle East with eminent partners in the UAE, Oman and Qatar, has been in the region for the last 40 years. We produce on an average 8 million tonnes of Gabbro Aggregates and 1.6 million tonnes of Asphalt per annum.

Colas Middle East is operated and partially owned by Colas Group which is a French multinational civil engineering firm specialized in road construction. Colas Group operates in every aspect of construction and maintenance of road and other types of transport infrastructure as well as on projects involving urban development and recreational facilities.

Backed by a workforce of 60,000 people, Colas undertakes about 80,000 projects every year via a network of 800 construction units and 2000 material production sites in around fifty countries worldwide in five continents.