Credit Control Consultant Al Futtaim Automotive Finance

About the Role

Al-Futtaim is seeking a Credit Control Executive to join their team in Riyadh, Saudi Arabia. This full-time role is responsible for managing credit deals and monitoring accounts receivables across various brand portfolios, contributing to the financial health and operational efficiency of Famco KSA.

Key Responsibilities

• Manage credit deals and monitor accounts receivables across brand portfolios.
• Conduct detailed credit assessments and maintain customer credit master data in SAP.
• Ensure compliance with credit approval protocols and update terms in SAP.
• Proactively monitor payment irregularities and collaborate with finance and sales teams to resolve collection issues.
• Conduct periodic reviews of credit limits and payment terms.
• Engage directly with clients as needed for credit and collection matters.

Credit Assessment Duties

• Verify supporting documents for validity and correctness.
• Prepare and submit credit assessment reports for approval.
• Ensure credit approval is completed as per DOA and within SLA timeframes.
• Update credit approval terms in SAP Customer Credit master.
• Maintain the credit approval tracker.

Accounts Receivable Monitoring

• Monitor customer account details for non-payments, delayed payments, and other irregularities.
• Follow up with Business Finance and Sales teams for resolution of issues.
• Ensure timely accounting of payments received from customers.
• Monitor unallocated credits and coordinate necessary adjustments with FSSC O2C/Business Finance.
• Develop AR reports and communicate collection issues to senior management.

Credit Review and Reporting

• Conduct periodic credit reviews of accounts.
• Coordinate with the Head of Corporate Credit and Business Heads to maintain adequate credit limits.
• Revise payment terms as necessary and conduct field visits to clients when required.
• Prepare monthly reports within three working days post month-close.
• Timely report delinquent accounts status and ensure 95% of credit assessments are completed within approved SLA.

Qualifications and Experience

• 2-5 years of experience in credit control or a related financial role.
• Demonstrated experience in underwriting and credit application processes.
• Proficiency in SAP, particularly with customer credit master data.
• Strong analytical skills for credit assessment and accounts receivable monitoring.
• Ability to collaborate effectively with finance and sales teams.