business is a leading provider of a full range of protection, control and measurement solutions – enabling safer and smarter electricity flow from substation to the point of consumption. We deliver products and systems designed to connect, protect and control electrical systems, ensuring reliability, efficiency and safety for equipment and personnel.
You will be working as a Cash and Commercial Controller and will be part of Electrification Business Area for Global Markets Division based in Dubai, UAE. In this role, you will be reporting to the Electrification Business Area Controller UAE, Gulf and Pakistan and will be working as a key member of the front end sales team in UAE and cluster countries supporting and achieving the business orders, revenues and cash collection targets.
Customer Credit Management: Monitoring customer credit situation, payment behavior and total exposure. Maintaining an updated list of bank guarantees by customer, including security cheques and letter of credit (LCs) and managing credit limits, block or release customer accounts, releasing delivery, requiring appropriate payment guarantees. Initiating escalation and recovery measures in collaboration with Legal approve Letter of credit template. Reviewing and approving customer credit notes for pricing errors, freight issues, short supply.
Cash and Overdue Management: Preparing collection forecast on a monthly and quarterly basis in cooperation with accounts receivable. Updating debtors actuals and forecasts with analysis and comments. Implementing game changers for drastic reduction of overdue receivable and sharing best practices in terms of cash management for conducting weekly debtors’ reviews of target collections in all countries. Working with other business professionals in country and functions to optimize net working capital and analyzing the drivers of financial performance and identifying trends.
Sales & Tendering Support: Supporting sales with tendering submittals, documentations, risk review, bonds and bids. Reviewing and approving commercial terms and conditions of tenders and ensuring that local business area is compliant with global risk review instruction.Maintaining an updated list of partner agreements with their validity and initiating risk review and approval process for new or extended partner agreements.
Internal Controls: Taking ownership, walk-through and processing reviews of some record to report (R2R) and Order to Cash (O2C) Internal Controls in UAE including control ownership, walk-through and process review as well as interface with external auditors for testing and auditing. Maintaining the Local business authorization table on a regular basis and ensuring that internal controls are effectively implemented.
Compliance: Implementing and ensuring compliance with financial and commercial regulations, policies and processes. Working closely with and ensuring trade compliance and export control regulations are implemented.
Safety and Integrity: Living ABB’s core values of safety and integrity, which means taking responsibility for your own actions while caring for your colleagues and the business and following all applicable legal, customer and ABB’s health, safety and environment requirements all the time.
Bachelor’s degree in finance.
Minimum 5-7 years’ experience (commercial and dealing with customers for payment terms, cash distribution agreement, invoicing export and letter of credit.)
Candidate should have computer skills in Microsoft office (mainly word, excel & power point).
Excellent written and verbal communication skills with the ability to influence both internally and externally.
More about us
Bring your very own sense of pride and purpose as you help us drive forward the Fourth Industrial Revolution – creating a sustainable future for our planet, and your career. Harness the power of our diverse global network, as you collaborate with and learn from our world-class teams. Above all, challenge yourself every day. Let’s write the future, together.
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