Assistant credit controller📣 إعلان

About the Assistant Credit Controller Role

PepsiCo is seeking a dedicated and experienced Assistant Credit Controller to join our team in Riyadh, Saudi Arabia. This full-time role is central to enhancing financial serviceability and ensuring timely reconciliation processes. The successful candidate will be responsible for facilitating key account reconciliations and implementing robust accounts receivable (AR) review and reconciliation procedures, contributing to the financial health and operational efficiency of the organization. We are looking for a professional with 5-10 years of relevant experience.

Core Responsibilities

• Provide regular feedback to the Credit Controller on reconciliation status and customer accounts.
• Collaborate proactively with peers to achieve common business objectives and optimize operational status.
• Share new initiatives and areas for improvement with the Credit Controller and ensure their implementation.
• Distribute statements to credit customers in accordance with SSFL policy and established timelines.
• Coordinate with FSS, the Credit Controller, CAM, and the Sales team to ensure timely balance confirmations from salesmen and credit customers.
• Prepare customer reconciliation summaries and share them with regional sales and finance teams, reporting to the Credit Controller by deadlines.
• Follow up on confirmation and complete reconciliations within OTC timelines.
• Coordinate with the Revenue Analyst to process CDA variable and fixed credit in alignment with deductions.
• Receive payment analysis of OT customer payments from FSS, reporting and following up to resolve variances with the sales team and customers.
• Review monthly collection schedules and monitor progress to ensure OT customers pay as per LTA, reporting delays to KAMs and the Finance team.
• Follow up on action minutes from meetings with the sales team regarding OT issues, including CNs, LTAs, and promotions.
• Maintain a summary of LTA highlights for OT customers, including credit terms, balance confirmation, and fixed incentives.
• Follow up with collection agencies or insurance on cases handed over for receivable balance collection.
• Provide clear reasons for holds on CCPF to facilitate informed decision-making by the Credit Controller, CAM, and management regarding order release or action.

Reconciliation and Variance Management

• Prepare timely reconciliations for all customers, listing any variances and facilitating action until closure.
• Ensure timely review of reconciliations with DC finance supervisors, the Credit Controller, and CAM, maintaining easily retrievable filing.
• Report and follow up to resolve payment variances with the sales team and customers, addressing unpaid/short-paid invoices, credit/debit notes, and stale items.

Effective Control Execution

• Understand the objective of each control.
• Document test script attributes for effective control execution.
• Evaluate control effectiveness through thorough testing.
• Maintain a comprehensive audit trail to evidence activity execution, enabling re-performance by independent third parties.
• Remediate any identified control deficiencies.
• Provide clear and accurate results of verification activities.

Key Performance Indicators

• Achieve 100% customer confirmations on a quarterly basis.
• Maintain reconciliations that are organized and filed in compliance with internal control requirements.
• Ensure action items are current and resolved within one cycle.
• Implement and maintain an effective review and follow-up process.
• Complete and sign test scripts for control execution.
• Maintain an evidential audit trail for third-party review.

Qualifications and Skills

The ideal candidate will possess 5-10 years of experience in credit control or a related financial role. This position requires a professional who can understand organizational values, set objectives, and work towards common goals while also demonstrating a commitment to self-development for career progression. Strong coordination, analytical, and communication skills are essential for success in this role.