Credit Control Consultant Al Futtaim Automotive Finance

About the Role

Al Futtaim Group is seeking a Credit Control Consultant for its Al-Futtaim Automotive Finance division in Riyadh. This full-time role is responsible for managing credit deals and monitoring accounts receivables across various brand portfolios. The position requires 2-5 years of experience in a relevant field.

Role Overview

The Credit Control Consultant will conduct detailed credit assessments, maintain customer credit master data in SAP, and ensure compliance with approval protocols. This role involves proactive monitoring of payment irregularities and collaboration with finance and sales teams to resolve collection issues, contributing to the financial health and operational efficiency of Famco KSA.

Key Responsibilities

• Verify supporting documents for validity and correctness.
• Prepare and submit credit assessment reports for approval.
• Ensure credit approval is completed according to DOA and within SLA timeframes.
• Update credit approval terms in SAP Customer Credit master and maintain the credit approval tracker.
• Monitor customer account details for non-payments, delayed payments, and other irregularities.
• Follow up with Business Finance and Sales teams for issue resolution.
• 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.
• Conduct periodic credit reviews of accounts and 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 needed.
• Prepare monthly reports within three working days post month-close and timely report delinquent account statuses.

Performance Metrics

• Ensure 95% of credit assessments are completed within approved SLA.
• Maintain underwriting (credit application) experience.

Qualifications and Experience

• 2-5 years of experience in credit control or a related finance role.
• Proficiency in SAP, particularly with customer credit master data.
• Strong understanding of accounts receivable processes and credit assessment.
• Ability to collaborate effectively with finance and sales teams.
• Experience in preparing detailed financial reports.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia, within the Al-Futtaim Automotive Finance division of Al Futtaim Group.