GENERAL DESCRIPTION

The Credit controller oversees the incoming collections of the company in Qatar and Kuwait, prepares and submit his assessment on the creditworthiness of existing and new customers, follows up the submitted assessment of customer credit for approval, reports directly any case of delinquent customer based on delay in payment, bad market info, early warning signals… and request bad debt provisioning where required. The credit controller will report to the GCC Manager.

This is a critical end-to-end role which requires a mix of strong interpersonal skills, good experience in all contractual & legal aspects of the (sub)contracting industry, and a thorough understanding of risk management and financial controls. An understanding of the fundamentals of IFRS, Treasury Management and Quantity Surveying is required, with a demonstrated knowledge of revenue recognition, revenue accrual and bad deb provisioning.

The Credit controller must master the ability to communicate at all levels; and it is essential to build strong relationships with both customer’s representatives and internal stakeholders (including but not limited to sales managers, project engineers, country managers, accountancy team and so on).

KEY RESPONSIBILITIES / ACCOUNTABILITIES

Complies with credit policy and procedure.

Managing a portfolio of accounts in Qatar and Kuwait by building a strong relationship to ensure payments are made on time

Follow up daily on collections with the customers thru calls and site / office visits to ensure payments are received within the respected payment terms

Ensures that credit risk is controlled, cash collection is maximized and that monthly targets are met.

Attends customer meetings to resolve invoice, credit and collection queries, reconciliation of accounts.

Issues reminder of payment letters and recommends restructuring or initiation of legal proceedings, as per the applicable procedures.

Reports daily/weekly collections to the GCC Manager and submit Receipt Vouchers to the accounting team immediately

Reports immediately any case of delinquent customer to the GCC Manager

Review, update and analyze the debtor’s ledger and collections daily.

Gains a thorough understanding of the company’s Project Application and Project Certification processes and reporting.

QUALIFICATION REQUIREMENTS

Bachelor's degree in Accounting/ Finance/ Business Administration.

Have significant experience in an end-to-end Credit Control role within a complex contracting environment, where the performance obligations of the company can span anything between a few days and multiple years.

Be willing to periodically travel to customer sites in Kuwait; main location being Qatar.

Excellent analytical thinking and well experienced in restructuring settlement deals.

Minimum of 5-7 years post-graduation experience.

Prior exposure to a Tier 1 ERP accounting system (Oracle, SAP, Ms Dynamics…) is desired.

Oil & gas, construction, contracting, infrastructure or project sector experience is a plus.

Experience in the Qatar market is a must; Kuwaiti market is a plus.

Arabic speaking is a must