Credit & Collection Analyst

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H.B. Fuller
Ras Al Khaimah
AED 120,000 - 200,000
Be among the first applicants.
7 days ago
Job description

Job Title: Credit & Collection Analyst

Location: Ras Al Khaimah, UA

PRIMARY DUTIES

This individual will be involved in:

  • Handling rigorous and effective collection process to ensure that outstanding receivables are recovered in a timely manner as per credit terms. This includes sending reminders for payments, making follow-up calls with the customers, commercial team members and initiating direct customer visits.
  • Close coordination with commercial team in timely reporting of outstanding receivables aging and highlighting significant collection issues.
  • Close collaboration with commercial team and other stakeholders in streamlining the credit, billing and collection process.
  • Closely monitor payment pattern for customers and release sale orders in SAP within prescribed limits of D.O.A.
  • Ensure accuracy of customer accounts by performing regular reconciliations of accounts receivable balances and formal closure of reconciliation activities by sending/obtaining a balance confirmation letter.
  • Directly liaising with customers in timely resolving issues and complaints concerning disputed invoices, billings and negotiating payment plans.
  • Directly liaising with credit risk insurance provider in the application of credit limits, submission of quarterly turnover and raising claims against customer payment default.
  • Provides strong support to Finance Manager by preparing reports pertaining to status of unpaid accounts, repayment progress, collection performance and cash collection projections.
  • Ensure timely preparation and submission of LC documents to the bank for customers with LC payment terms.
  • Issuance of credit notes related to rebates, posting of bad debts write-off, and ECL provision entries after approval of Finance Manager.
  • Prepares computation for sales agent commission subject for review/approval of Finance Manager and confirmation of Commercial Sales Manager.

ADDITIONAL DUTIES

  • Support function to the Finance Manager on monthly closing activities, including preparation of accruals for sales agent commissions, customs duty and providing accurate inputs on customer rebate accrual.
  • Support function to the Finance Manager during audit of financial statements, SOX controls and Internal audits.
  • Provides treasury support function to the Finance Manager in the uploading of payments in bank portal, facilitating bank correspondences and other ad-hoc banking activities.
  • Provides controlling support function to the Finance Manager in ensuring the integrity and accuracy of B/S and P/L accounts by performing regular periodic review and analysis.
  • Assist the Finance Manager in cash flow forecasting, management reporting and other ad-hoc reportorial requirements.

EMPLOYEES SUPERVISED

This is an individual contributor role and does not involve team management.

BUDGETARY/FINANCIAL ACCOUNTABILITY

No budgetary/financial accountability.

Minimum Requirements

  • Bachelor’s degree in finance or a relevant field.
  • A minimum of 3 years of experience in a similar role.
  • Excellent communication skills - Oral and written communication.
  • Experience of SAP FICO Module would be advantageous.
  • Analytical mind – ability to understand the payment behavior of customers.
  • Profound knowledge and experience of collection techniques, credit and billing procedures.
  • Excellent computer skills (Formula, Excel, PowerPoint, Word).
  • Team player, positive/can do attitude with enthusiasm and passion for the role.
  • Must be 100% trustworthy and able to maintain strict confidentiality.
  • UAE driving license is preferred.
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