Kuwait Job Openings

Al Mulla Group

Asst.Credit & Collection Officer

Kuwait City

December 1, 2024

Responsibilities

•Evaluate credit worthiness of customers and assign rating/credit terms.•Perform periodic review of the credit worthiness of existing customers and re-evaluate the existing credit terms.•Process credit applications as per approved policies and procedures.•Ensure that customer invoicing & collection efforts are strictly in line with the approved credit terms.•Continuously improve the collection efforts and achieve timely/speedy collection of receivables through effective co-ordination with collectors across the Group and maintain the overdue at the minimum at all times.•Rigorously follow-up with customers on the overdue invoices, expedite collection and minimize losses.•Ensure full compliance to the Group Credit Policy across the Group.•Ensure strict compliance to the Group PDD policy by all the Businesses across the Group and document exception approvals, if any.•Create & maintain Party Masters involving creation of party codes in compliance Customer onboarding Policy•Review the vendor payments against the receivable from them and advise appropriate action.•Preparation and reporting of monthly AR Aging reports by Business Unit. Perform receivables, credit and collection analysis and report. Prepare adhoc reports as required by the management.•Review the bank accounts regularly and account for the direct bank credit collections.•Collate and provide necessary documentation for litigation cases to Group Legal.•Keep custody of Post Dated Cheques, maintain the PDC register and arrange deposits on time.•Periodically collect, update and retain required financial information from credit customers.•Respond to customer queries.•Co-ordinate with divisional collection personnel on various activities relating to AR for timely collection of receivables.

Job Requirements

Educational Qualifications

Education Degree

: Bachelor

Major

: Finance/Accountancy/Banking or equivalent

Experience

Years of Experience

: 3 - 7 Years

Field of Experience

: Finance/Credit & Collection

Skills

•Strong systems skills; solid analytical and negotiation skills; and a solid knowledge of commercial credit and collection procedures•Bilingual with professional verbal and written communication skills•Assertive communication and follow up with customers•Patience, resilience and work pressure tolerance•Thorough Knowledge of Order to Cash / AR Module top ERPs like Oracle, SAP, etc.

Other Requirements

Gender

: Any

Age

: 30 - 45 Years

Preferred Language

: Arabic, English

Duty Shift / Timings

: One Shift / 7:00 am to 3:00 pm

Salary & Benefits

Salary

: Attractive Salary

Other Benefits

: Car Allowance (Nature of Work)

Job Remarks

Job Country

: Kuwait

Nationality

: Any

Career Level

: Mid-Career

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