alfanar Looking for Accounts Receivable Controller | alfanar Electric at Saudi Arabia Full Time

Job description:

Job Purpose

Manage and execute daily activities of accounts receivable process. Ensuring accurate recording of transactions, timely invoicing, and efficient collection of payments to maintain positive cash flow. Support the financial health of the organization.

Key Accountability Areas

Invoicing and Billing:

• Generate and issue accurate and timely invoices to customers based on sales transactions.
• Ensure compliance with company policies and regulatory requirements.

Credit Management:

• Assess the creditworthiness of new customers and recommend credit limits.
• Monitor existing customer credit limits and communicate changes as necessary.

Collections Management:

• Implement collection strategies to ensure timely payment of outstanding invoices.
• Follow up with customers on overdue accounts and resolve billing discrepancies or disputes.

Cash Application and Reconciliation:

• Apply payments received to customer accounts accurately and in a timely manner.
• Reconcile payments and resolve discrepancies between payments and invoices.

Reporting and Analysis:

• Generate regular reports on accounts receivable aging, cash collections, and other relevant metrics.
• Provide insights and analysis to support decision-making.

Customer Relationship Management:

• Foster positive relationships with customers to enhance communication and facilitate smooth payment processes.
• Address customer inquiries related to invoices, payments, and account balances.

Process Optimization:

• Continuously review and improve accounts receivable processes for efficiency.
• Identify opportunities for automation to streamline workflows.

Cross-functional Collaboration:

• Collaborate with sales, customer service, and finance teams to address customer-related issues.
• Participate in meetings to provide updates on accounts receivable status and discuss potential challenges.

Role Accountability

HR Proficiency:

• Ability to obtain updated soft and technical skills related to the job
• To have a vision and a plan for the career path and how to achieve it.

Delivery:

• Perform the planned activities to meet the operational and development targets as per delivery schedules.
• Utilize resources effectively to achieve objectives within efficient cost and time.
• Provide a periodic report formatted by detailing the deviation and execution of planned tasks.

Problem-Solving:

• Solve any related problems arise and escalate any complex operational issues.

Quality:

• Ensure quality requirements to develop effective quality control and processes including specifications for products or processes or related activities.

Business Process Improvements:

• Coordinate well-defined written systems, policies, procedures, and seek automations opportunities as much as possible.

Compliance:

• Comply to related policy and procedures and work instructions.

Health, Safety, and Environment:

• Ensure compliance of relevant safety, quality, and environmental management procedures and controls within defined area of work activity to guarantee safety, legislative compliance, and delivery of high-quality products/services.

Academic Qualification Bachelor Degree in Accounting and FinanceWork Experience 4 to 6 YearsTechnical / Functional Competencies Accounts Receivable (AR)Financial AnalysisFinancial Reporting

Profile description:

Alfanar is a Saudi company with an international presence, primarily engaged in the manufacturing and trading of a wide variety of low, medium, and high voltage electrical products, in addition to its portfolio of conventional and renewable energy solutions, oil and gas, water treatment, infrastructure, technical services, and digital solutions.

The hub of alfanar’s manufacturing operations is Medinet alfanar Alsinaiya, a 700,000 square-meter complex located in Riyadh. The complex houses an array of ultra-modern manufacturing facilities and laboratories equipped with state-of-the-art technologies and staffed with highly skilled professionals.

alfanar derives its success from its commitment to providing the highest quality standards to its customers, and the continuous development of its human capital, who alfanar considers its most valuable asset. With this in mind, alfanar promotes a proactive work environment where its employees are always valued, nurtured, and empowered to fuel their pride in being part of alfanar.

For more information about alfanar, please visit alfanar.com