Credit Controller

Our client is a Global Trademark Owner and a distributor of leading international brands for alternative nicotine delivery solutions in the Middle East and Africa. They are currently looking to hire a Credit Controller to join their team in Egypt.

Job Purpose: 

The role is responsible for managing the company's credit control activities. Providing guidance and presenting accountability for meeting the desired goals of credit management, credit reporting, and credit control. Planning, managing, and overseeing the activities, operations, and resources, and providing support to the team to guarantee collections are happening on time, and the credit insurance is managed properly.

Job Responsibilities: 

• Suggest changes to the credit control system to avoid breaches.
• Conduct credit committee meetings to get the management approval on the credit facilities provided to customers.
• Manage customer's credit files & Ensure that debts are paid in a timely manner.
• Approve customers' sales contracts according to their credit limit and financial situation.
• Undertake account reconciliations as required from customers.
• Regular meetings with management to ensure all relevant debts are managed as necessary.
• Identify changes in payment patterns and propose action to avert indebtedness
• Implement and propose changes to the Credit Policies and Procedures.
• Set in coordination with management the sales Incentive Plan & scheme.
• Follow up with sales representative to ensure the receipt of balance confirmation.
• Suspend credit facilities in accordance with Credit Policy.
• Approve deductions process (returns, shortages & discounts) to ensure accurate calculation.
• Report on monthly basis to the top management the outstanding amounts.
• Approve all shipping vouchers after checking the client credit balance.
• Request and follow up with external legal department legal cases related to client's payments.
• Ensure all credit risk insurance terms of conditions & declarations are strictly adhered to, in order to avoid nonpayment cases.
• Review and analyze sales budget proposals for completeness, accuracy, and compliance with credit facilities and sales history.
• Remain abreast with all developments and changes in the credit management field to system is up to date.
• Develop and maintain a customer credit rating system.
• Close monitoring of the sales representative in order to achieve their respective collection objectives.
• To negotiate on yearly basis new terms and conditions with the credit insurance companies and select the company that will provide the best value.
• Provide assistance to the sales representative in collecting the difficult receivables.
• Accuracy of financial reporting
• Timeliness of financial reporting
• Reports to: Regional Finance Controller 

Job Requirements:

• Bachelor in Accounting or Finance and previous experience as a credit controller or any relative role.
• 9 years of experience among which at least 3 years in a credit control position
• Microsoft Office Excel and PowerPoint
• Administration Skills and Communication Skills
• Good command of English 
• Risk Analysis & Management