Lead Specialist - Credit

Midis Group

Main Duties and Responsibilities

• Assist in managing the company's financial wellbeing by ensuring compliance, effective risk management and accurate financial reporting;
• Define and evaluate the credit limits for all customers based on their audited financial statements, asset values, and assessments of new and existing customers;
• Comply with the reporting timelines and adverse information notification to the insurance company;
• Anticipate outstanding receivables based on sales forecasts, payment terms, backlog, and input from the sales team;
• Reconcile accounts receivable, resolve discrepancies, and achieve periodic cash collection targets;
• Coordinate with internal departments to resolve unpaid debts and oversee legal actions and related settlements when required;
• Approve the credit line for customer accounts within the approved insurance limit;
• Manage and streamline LC transactions and ensure the compliance of LC/BG T&C and timely closure of LC/BG payments from banks with minimized financial costs and eliminated risks;
• Build strong relationships with customers through regular visits, account management, and collection of financial information for credit reviews;
• Ensure the timely processing and follow up of outstanding invoices;
• Respond promptly to audit requests (internal audit, bank audit, etc.);
• Ensure the receipt of customer balance confirmations on a bi-annual basis;
• Prepare periodic MIS and data management reports to the Direct Manager.