Finance Specialist

Overview

Castrol KSA is seeking a Finance Specialist for its Al Khobar, Eastern, Saudi Arabia location. This is a full-time, on-site role and is restricted to Saudi nationals only. The position is central to protecting credit risk, supporting healthy collections, and helping keep customer orders moving without unnecessary delays.

Key Responsibilities

• Assess customer credit records before approving order release and carry out credit checks as needed.
• Evaluate the credit profile of new customers and suggest suitable credit limits and payment terms.
• Create and maintain customer accounts in the system, making sure all required documents and approvals are complete.
• Carry out recurring credit reviews for existing accounts, typically every six months or sooner when required.
• Track collection results and work to meet monthly collection goals.
• Follow up on overdue balances and support recovery efforts.
• Visit customers when necessary to assist with reconciliation, credit review, and collection follow-up.
• Ensure balance confirmations are completed regularly and account reconciliations remain accurate.
• Prepare weekly aging reports and monthly Statements of Account (SOA) for circulation.
• Liaise with third-party collection agencies on overdue cases.
• Review and process credit notes in coordination with Sales and Finance.
• Make sure sales representatives are properly cleared in relation to collections and supporting documents.
• Work with Sales, Customer Service, and Supply Chain to resolve disputes and remove order blocks.
• Supervise the credit team, allocate portfolios, and monitor day-to-day output.
• Follow company credit policies, internal controls, and approval limits.

Requirements

• A bachelor’s degree in Accounting, Finance, Business Administration, or another relevant discipline.
• Between 5 and 7 years of experience in credit control or accounts receivable.
• At least 2 years of experience in a supervisory or team leadership capacity.
• Background in lubricants, FMCG, automotive, or distribution is an advantage.
• Strong knowledge of credit risk review, aging analysis, and collections workflows.
• Hands-on experience with ERP platforms such as Oracle or SAP, along with advanced Excel ability.
• Good English communication skills; Arabic is considered a plus.

KPIs

• Achievement against collection targets.
• Lower overdue account balances.
• Better Days Sales Outstanding (DSO).
• Accuracy and punctuality of aging reports.
• Completion of scheduled credit reviews.
• Faster order release processing.
• Fewer unresolved disputes.

Work Environment

This role works closely with Sales, Finance, Customer Service, and Supply Chain teams. It is important for balancing credit discipline with business support, helping the company grow sustainably, especially in the lubricant sector.

Eligibility

Only Saudi nationals may apply for this position.