Sr Analyst, Coll & Receivables EUR - Jobs in Saudi Arabia

Job Description

Overview* This role will mainly focus on Europe?s unsecured sales order collection and credit release processing in a centralized service hub, including but not limited to on-time collection, risk control in collection and compliance with the corporate policy and external regulatory requirements. The individual will partner with Europe site finance and business teams within Petchem BU to support the daily operation of collection and credit release services in order to realize synergies from centralization and standardization. The role will support the team lead to ensure the accuracy of collection & credit release processing, analyze collection on time ratio, and improve process efficiency in the Collection and Credit team. The role will manage Corporate Services relationships with Corporate functions.Policy, Procedure and Controls* Understand the SOPs created centrally, collect information timely from upstream and downstream functional teams on the process and provide to the Lead of Collection and Credit in the Europe Hub to support SOP and procedure updates for each process handled in the service hub based on the changes of business needs and SEA statutory/tax requirements. * Support the Lead of Collection and Credit in the Europe Hub to compare Europe processes with other sites and propose simplification, digitization and automation wherever possible. * Support the Lead of Collection and Credit in the Europe Hub to prepare regular reports in order to monitor if all policies/procedures are strictly being adhered to. * Support spoke Credit management team to update AR accounting procedures, and ensure internal controls are in place for smooth operations in the AR function. Support team lead to set up regular monitoring tools to ensure policies/procedures are strictly adhered to.Management:* Monitor the process status to meet internal and external customers? expectations regarding timeliness and quality of output.Day-to-Day Activities:* Responsible for Europe?s unsecured sales order Collection & Credit Release Services for the Petchem business including: * External customer collection and system input * Following what?s been aligned to from the SBU and credit risk controllership team on customer disputes and disconnects * FICO credit and debit memo input * Daily credit release based on GCIM policies and MAS governance; * Further communicating with customer to clarify details of customer dispute if needed * Sending out monthly statements and closely following on collection forecast and payment schedules from external customers by regular collection telephone calls * Regularly reporting out long aging past-due items to spoke CFS team, providing analyses/summary as a heads up for any potentially risky customers. * Gathering information for customer credit scoring based on standard model. * Responsible for account reconciliation of Accounts receivable including: * Preparing and reviewing A/R related account reconciliation * Resolving in a timely manner and clearing of open items of A/R related accounts, including bank intermediate accounts and rebate accounts.Communication and Stakeholder Management* Connecting a timey manner with spoke Credit management team and financial reporting team to update the issues faced during daily operations and confirming new requirement needs. * Regularly connecting with upstream/downstream users to align and streamline processes and fit the gap of understanding for standardized procedures. Closely work with external customers to ensure the on time collection and accurate credit release cycle.Department Description* Size of team ~ 9HC, split between Sittard and BoZ * Responsible for Petchem sales legal entitiesMinimum education/background experience? Minimum 5 years? experience in finance and accounting with multi-national companies. * Previous credit & collections experience required ? Fluent in speaking/reading English * Proficiency in Excel and Powerpoint * Previous ERP experience desired (SAP, Oracle, etc.) ? Strong knowledge of standard accounting practices ? Knowledge of Europe accounting rules * Strong knowledge of cross-function business processes and their associated accounting systems. * Strong communication skills * A passion for identifying the root cause of problems, and an ability to identify, propose, and recommend innovative solutions to diverse stakeholders. * Ability to clearly communicate complex problems and solutions across all functions and senior leadership * Ability to work collaboratively across multiple functions and disciplines; strong understanding of up-stream/down-stream impacts from/to finance operations. * Strong self-starterFURTHER INFORMATIONPlease apply online by sending us your CV and motivation letter in English. Due to data privacy reasons, we do not handle any applications sent by email. For additional questions you can contact the Recruiter Selena Stevanovic via email selena.stevanovic@sabic.com. Please be informed that a reference check, an employment verification and E-assessment are part of our recruitment process. A Certificate of Good Conduct can be requested depending on the level of the role in our organization and/or function, allowing us to request depending on local regulations. Responses from employment agencies will not be considered.CHEMISTRY THAT MATTERSThe essence of SABIC is about powering ambition. Through what we do and how we do it, we power the ambitions of our customers, the society in which we operate, our business partners and our employees. Our focus puts our customers? success at the heart of what we do. It also fuels individual development. It is grounded in a deep understanding of what customers want and what we can best offer them. To achieve this we strongly invest in our most important asset ? our employees. We want to help you develop a career with us that challenges you in ways that really make you come alive. Make your career happen with SABIC.SABIC is committed to creating a diverse work environment and is proud to be an equal opportunity employer and as such will not discriminate in its employment practices, including recruiting and hiring practices, based on a person?s race, color, religion, national origin, citizenship, sex (including gender identity, sexual orientation and pregnancy), age, disability, genetic information, veteran status, or other characteristics protected by law..

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