Credit Control Specialist

Found in: beBee S AE - 3 weeks ago


United Arab Emirates OFM Full time

Main Accountabilities
• Assess credit applications and assure adherence to OFM and its subsidiaries payment policies.
• Evaluate financial records to determine an applicant’s eligibility, contact customers or clients to notify them of missed payments and coordinate with Marketing - Sales, and Finance to determine payment protocols.
• Evaluating new credit requests and conducting client credit checks.
• Managing and collecting debts from company debtors.
• Gathers and reviews financial data about credit applicants, including their payment habits and history, earnings an savings, and spending patterns, and submit for management approval the recommended action (approval or denial of the loan).
• Setting up the terms of credit for new clients.
• Negotiating payment plans with customers in line with company policy.
• Managing the collection of all payments and debts.
• Responding to client inquiries regarding credit status and issues
• Authenticate documentation from existing & new customers for credit applications.
• Perform Credit Inquires with financial institutions.
• Liaise with Credit Agencies & Credit Insurance Companies, Banks, etc. for credit assessment of OFM and its subsidiaries customers and determination of credit limits – credit risk mitigation.
• Review applicants’ business financial statements & tax returns.
• Administer customer credit files.
• Maintain relationships with collection agencies, insurance companies, sales departments, Finance etc.
Complex Lending: Negotiate documentation and payment terms with customers to ensure transactions are properly secured.
Credit Decisions:
• Make credit decisions regarding credit issues for local or/or international customers
• Lead credits and accounts receivable through continuous interaction with Finance.
• Approve the use of financial instruments and credit security
Analysis & Reporting:
• Prepare new and existing customer information to be presented to respective approving levels for consideration and approval.
• Plan and organize activities of credit/customer; set up the team to ensure file reviews are completed timely / accurately.
• Measure and analyze credit performances; optimize credit processes.
• Ensure accurate data is available to support high-quality credit analysis.
• Provide monthly reporting and commentary to Management and the appropriate Committee on portfolio performance and key trends.


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