Location-Kuwait , [[Ardiya]] ,[[Kuwait]]Job ID -[[140011]]Purpose: To manage the credit team and the entire credit granting process while optimizing sales and minimizing bad debt and ACP. 1. Customer a. Macro
Support the country local management team in decision making related to customers’ account credit limit
Manage account customers’ credit files/cases
b. Micro
Conduct meetings related to “receivable reporting” with the direct manager, Station management, CMT and Accounts receivable team
Coordinate with legal department, debt collecting agencies and government offices regarding the debt defaulters
Coordinate with the financial manager and country/station manager regarding the customer credit limit
Handle “all accounts receivable” related reporting with the internal and external auditors
Generate/Analyze credit reports to Managers for review as required
2. People a. Macro
Set KPI’s and conduct performance review annually for direct reports
b. Micro
Participate in hiring and interviewing direct reports in coordination with the direct manager/station manager and the HR team
Conduct cross-functional /across-departmental training on credit control policy and procedure to ensure compliance and mitigate credit risk
Facilitate the flow of information horizontally and vertically
Ensure having a succession plan in place
Identify and propose training for direct reports
Identify employees with high potential and propose career development plan
3. Operations a. Macro
Manage daily credit department operations
Establish work standards and objectives
Maintain effective internal control systems
b. Micro
Validate credit application form data and assess the credit worthiness of all new credit customers prior to credit account approval
Initiate timely action on credit accounts by putting them on hold, on release or cancel as needed
Ensure proper maintenance of customers’ credit status in the company’s data base (as per definitions of: normal, legal and/or bad debt status)
Run data validation through a monthly report generation to ensure CRM and Financial systems data accuracy
Match the current aging report with control accounts on monthly basis.
Ensure having 60% confirmation balance from the total receivable on quarterly basis
Adhere with company compliance, HSSE and any related corporate policies and standards
4. Financial Results a. Macro
Support sales while limiting credit risk to the organization
Minimize bad debts
Achieve station ACP and SCT (Station Collection Target)
b. Micro
Assist in all accounts receivable related duties
Establish customer credit limits and credit terms; ensure the data base updated as per the company policy
Submit monthly bad debt provision calculation to the GSO Financial Receivables team for approval and compliance with bad debt write off according to Aramex policy & procedure (as per policy formula)
Maintain the “Auto Blocking System”; ensure that all in progress accounts are addressed to the concerned team(s) to help in solving their issues, and if overdue to be paid before 15 days notification period
Take all necessary measures when possible to reduce cost without compromising quality and standards
Company Overview: Since our founding in 1982 we have grown to become a world leader in comprehensive transport and delivery solutions for business and consumers. Headquartered in Dubai, at the heart of the world’s most dynamic commercial hub and on the site of historic trade routes linking east and west, commerce and transport are deeply embedded in Aramex’s DNA. We are dedicated to transforming the face of trade, expanding our operations rapidly to better connect businesses and consumers worldwide.
Beware of fraud agents! do not pay money to get a job
MNCJobsGulf.com will not be responsible for any payment made to a third-party. All Terms of Use are applicable.