Overview
Finance Specialist Jobs in Al Khobar, Eastern, Saudi Arabia at Castrol KSA
Title: Finance Specialist
Company: Castrol KSA
Location: Al Khobar, Eastern, Saudi Arabia
This position is open to Saudi nationals only
Key Responsibilities
- Review customer credit history and perform credit evaluations prior to order release
- Assess creditworthiness of new customers and recommend appropriate credit limits and payment terms
- Open and maintain customer accounts in the system, ensuring all documentation and approvals are completed
- Conduct periodic credit reviews for existing customers (every 6 months or as required)
- Monitor collections performance and ensure achievement of monthly targets
- Follow up on overdue accounts and support collection efforts
- Visit customers when necessary for reconciliation, credit evaluation, and collection support
- Ensure regular balance confirmations and maintain accurate account reconciliations
- Prepare and share weekly aging reports and monthly Statements of Account (SOA)
- Coordinate with external collection agencies on overdue accounts
- Review and process credit notes in alignment with Sales and Finance teams
- Ensure proper clearance of sales representatives in relation to collections and documentation
- Collaborate with Sales, Customer Service, and Supply Chain to resolve disputes and unblock orders
- Lead and supervise the credit team, assign portfolios, and monitor daily performance
- Ensure adherence to company credit policies, internal controls, and approval authorities
Requirements
- Bachelor’s degree in Accounting, Finance, Business Administration, or a related field
- 5–7 years of experience in credit control or accounts receivable
- Minimum 2 years in a supervisory or team leadership role
- Experience in lubricant, FMCG, automotive, or distribution sectors is preferred
- Strong understanding of credit risk assessment, aging analysis, and collection processes
- Proficiency in ERP systems (e.g., Oracle or SAP) and advanced Excel skills
- Strong communication skills in English; Arabic is a plus
Key Skills
- Credit evaluation & risk management
- Collections & receivables management
- Customer account reconciliation
- Team leadership & performance management
- Negotiation & communication skills
- Reporting & data analysis
- ERP systems & Excel proficiency
- Problem-solving & attention to detail
KPIs
- Collection performance vs. target
- Reduction in overdue balances
- Improvement in Days Sales Outstanding (DSO)
- Accuracy and timeliness of aging reports
- Completion rate of credit reviews
- Order release turnaround time
- Number of unresolved disputes
Work Environment
This role requires close collaboration with cross-functional teams including Sales, Finance, Customer Service, and Supply Chain. The position plays a critical role in balancing risk control with commercial support to drive sustainable growth, particularly within the lubricant sector.
