Accounts Receivable Director

6 days ago


Riyadh, Ar Riyāḑ, Saudi Arabia Foodics Full time

About the Role

We are seeking a highly skilled Credit & Collection Manager to join our team. The ideal candidate will be responsible for assessing credit risk, managing accounts receivable, and ensuring timely collection of outstanding debts while maintaining strong relationships with clients.

Main Responsibilities

  • Develop and implement credit policies and procedures to minimize risk and optimize cash flow
  • Evaluate the creditworthiness of new and existing clients through financial analysis, credit scoring, and risk assessment
  • Set appropriate credit limits and payment terms for customers
  • Approve or escalate credit requests based on company policies and risk levels
  • Monitor and report on the overall health of our company's credit portfolio

Collections and Accounts Receivable

  • Oversee the collections process to ensure timely payments and reduce outstanding debts
  • Develop strategies to minimize bad debts and improve collection efficiency
  • Negotiate payment terms and settlements with clients when necessary
  • Collaborate with the sales and finance teams to resolve billing disputes and client concerns
  • Prepare regular reports on aging receivables, collection performance, and delinquency trends

Requirements

  • Bachelor's degree in Finance, Accounting, Business Administration, or a related field
  • Minimum of 5-7 years of experience in credit and collections, with at least 3 years in a managerial role
  • Strong understanding of credit risk assessment, financial analysis, and accounts receivable management
  • Experience with credit risk software, and MS Excel
  • Excellent negotiation, interpersonal, and written/verbal communication skills
  • Strong analytical and problem-solving skills to manage complex credit and collection issues


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