Revenue Collection Unit Head📣 Job Ad

About AlBalad AlAmeen and the Role

AlBalad AlAmeen for Development and Urban Regeneration, established by Royal Decree in 2009, serves as the investment arm of the Municipality of Makkah. The company is dedicated to strategic urban development and regeneration within the Holy City, managing a significant land bank of over 60 million square meters to enable large-scale real estate and infrastructure projects. We are seeking a highly experienced Revenue Collection Unit Head to join our team in Makkah, Saudi Arabia. This full-time position requires over 10 years of relevant experience.

Purpose of the Role

The primary purpose of the Revenue Collection Unit Head is to oversee and manage the company's collection activities with efficiency and transparency. This includes ensuring the timely recording of all revenues, monitoring accounts receivable, improving cash flow, and enforcing established collection policies and financial controls.

Core Responsibilities

The Revenue Collection Unit Head will be responsible for a range of critical functions, including:

• Follow up on revenue collections from customers, investors, business partners, and contractors.
• Prepare collection receipts and ensure proper documentation in accordance with approved financial policies and procedures.
• Coordinate with the Treasury function regarding daily deposits and collection activities.
• Record all collection transactions accurately in the ERP system.
• Classify revenues according to their nature, including leases, services, auctions, contracts, and other revenue streams.
• Prepare journal entries related to revenue collection transactions.
• Maintain and regularly update accounts receivable records.
• Follow up on outstanding balances and issue payment reminders to overdue customers.
• Prepare aging reports and monthly collection performance reports.
• Coordinate with the Legal Department regarding overdue and defaulted accounts when necessary.
• Reconcile collection transactions with bank statements and records.
• Follow up with banks regarding unidentified, disputed, or returned payments.
• Prepare monthly reconciliations between revenue records and banking transactions.
• Perform any other related duties assigned within the scope and nature of the position.

Financial Control and Reporting

The role also encompasses vital responsibilities in financial control, compliance, and analytical reporting:

• Ensure compliance with all financial policies, procedures, and controls related to revenue collection.
• Monitor electronic collection channels and payment platforms.
• Report any financial irregularities, violations, or potential risks in a timely manner.
• Prepare daily and monthly collection reports.
• Analyze key performance indicators (KPIs), including collection rates, collection cycle times, and overdue balances.
• Provide recommendations to improve collection efficiency and cash flow management.
• Provide documents, records, and supporting information required for internal and external audits.
• Assist in resolving discrepancies and reconciliation issues when identified.
• Ensure proper retention and archiving of documents in accordance with Company policies.

Required Experience

Candidates for this position must possess over 10 years of experience in revenue collection, accounts receivable management, or a related financial field. A strong understanding of financial policies, ERP systems, and cash flow management is essential for success in this role.

Company Impact

Team members at AlBalad AlAmeen contribute to impactful initiatives that support Makkah's growth, modernization, and sustainable development while preserving its unique heritage. This role offers the opportunity to play a key part in the financial health and operational efficiency of a company central to the city's strategic urban development.