Job Title : Credit Controller

Category : Pharmaceuticals
Hire Rightt - Executive Search United Arab Emirates
Posted Date : 04/05/2016
Job Description :

Job Brief:

Reporting to the Regional Controller, this is an Asst Manager level position for MEA. Ideally the candidate must be aware of global policies and should have regional MEA exposure.

Summary :
The Credit & Collection Controller is responsible for evaluation of balance of customer’s accounts in the Region, timely collection of the receivables whilst respecting the internal controls and maintaining a balanced working relationship with the Business, Supply Chain and Customers. Further the position owns the commission process and is the gatekeeper of the revenue recognition process.
The position supervises Customer Service, responsible partially for AR process.
Core Activities
The main goal is to keep the outstanding receivables of the customers as low as possible, using your powers of persuasion and result driven skills – all this, taking into account the credit policy and risk, but without endangering the commercial interests of the company
Actively participate in the telephonic and written collection
Apply correctly payment received against related invoices
Visit customers locally, to reach transparency as to the country and/or macro- economic environment and consolidate relationships or resolve any issues
Negotiate payment terms on a high level with Distributors and Sales Parties and Business Management
Share relevant info collected during visits directly in team sessions and with Management
Perform credit checks on customers and maintaining credit limits
Deliver support to Business, Finance, Customer Service and Supply Chain staff on domains intertwined with the collection activity like VAT, legal , invoicing, commissions, credit holds, delivery schedules, distribution contracts
Own the commissions file and control process
Actively monitor issuance of new or updated sales and distributor contracts, as well as existing agreements, so as to identify and own the required commissions and revenue recognition set-up, transactions and accounting
Utilize the country specific knowledge of trade credit claims e.g. bill of exchange
Perform the financial reviews and controls of credit notes, manual billing, foc, pricing overrides and other tasks as designated and agreed with Regional Controller
Support the Regional Controller in his function responsibilities on demand
Execute and/or support projects as discussed and agreed with the Regional Controller
Any other duties or directives given by their line manager or other senior management from time to time
Perform account reconciliations as designated, prepare/support and present the relevant Balance Sheet Reviews items.
Address appropriately the Sox documentation requirements: draft, review and update the Revenue and Receivables Cycle together with the Finance team, Customer Service and Supply Chain team.
Support the Regional Controller task to manage the Sox documentation requirements: draft, review and update of the Revenue and Receivables Cycle together with the local offices and other locations’ Finance and Supply Chain team
Identify, report openly and timely remediate any audit or internal control findings
Manage any internal/external audit requirements, enquiries and coordination for the Revenue and Receivables cycle, also including the coordination with the operational centers
Supervise the CS responsible partially for AR support for all related subjects.

Benefits Offered : SALARY : AED 26 - 28,000 + Benefits.
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