Credit Control & Collection Specialist

About Amana Cooperative Insurance

Amana Cooperative Insurance is a leading provider of comprehensive insurance solutions, committed to upholding strong financial practices and operational excellence. We are dedicated to serving our clients with integrity and efficiency across all our departments.

The Role: Credit Control & Collection Specialist

We are seeking a dedicated Credit Control & Collection Specialist to join our team in Riyadh, Saudi Arabia. This full-time position is crucial for managing our receivables, ensuring timely payments, and upholding our credit policies. The ideal candidate will possess 2-5 years of experience in a similar capacity.

Key Responsibilities

• Monitor customer, broker, and intermediary accounts to ensure compliance with approved credit terms.
• Follow up on outstanding balances through calls, emails, and official correspondence.
• Issue payment reminders and periodic account statements.
• Monitor aging receivables and escalate overdue accounts when required.
• Coordinate with internal departments to resolve invoice and payment-related disputes.
• Support repayment plan negotiations where necessary.
• Prepare and maintain accurate aging and collection reports.
• Maintain up-to-date records of collection activities and customer communications.
• Support management and regulatory reporting requirements.
• Recommend accounts for provision or write-off in accordance with company policies.
• Ensure compliance with internal credit control procedures and applicable regulatory requirements.

Required Experience

• A minimum of 2-4 years of experience in credit control or collections.
• Experience within the insurance or financial services sector is preferred.

Essential Skills and Knowledge

• Good understanding of receivables aging, credit risk, and collection processes.
• Familiarity with the regulatory environment applicable to insurance companies.

Application Information

We invite qualified candidates who meet the specified requirements to apply for this role. Join Amana Cooperative Insurance and contribute to our commitment to financial excellence.