Account Receivables Manager

About the job Account Receivables Manager

Our client is a distributor of specialized cable & connectivity solutions and services for the telecommunications, marine, oil, and gas industries. They are looking for an AR manager to join their team in Dubai.

An Accounts Receivable Manager with 5+ years of experience, preferably in UAE will be responsible for overseeing the accounts receivable processes, which include Credit management, collection management, Deductions management, Cash application, Month-end close, and reporting.

Responsibilities:

  • Work closely with the sales team to collect outstanding accounts receivable and customer credit limit requirements.
  • Collect overdue customer AR balances by applying collection best practices. 
  • Recommend courses of action on old customer accounts where collection isn't the driving issue.
  • Reconcile bank accounts. 
  • Liaisons with the bank for guarantees and letters of credit (L/C).
  • Resolve discrepancies and billing issues. 
  • Prepare weekly collection forecast. 
  • Prepare manual invoices as required by delivery notes information.
  • Ensure compliance with IFRS principles.
  • Assist in all audit processes for assigned areas and ensured timely completion. 
  • Other duties and responsibilities are as assigned by the finance manager. 
  • Assist the Finance manager with the process of sending the account to collections. 
  • Update, review, and maintain the bad debts in Accounts Receivable. 
  • Work with the legal team regarding liens and filing Court orders or claims.
  • Organize workflow and process activities to optimize the department's productivity and cash flow.
  • Define and implement key metrics to monitor the department's performance. 
  • Communicate the metrics to the team to ensure they are understood and expected performance levels are met. 
  • Present dashboards to management to assist in decision-making.
  • Prepare monthly reports on credit, collection, and deduction metrics and forecast upcoming cash flows in Power BI. 
  • Lead projects oriented towards internal controls and process improvements.
  • Identify areas of improvement, such as workflow processes, task automation, or changes to improve ERP performance.
  • Provide recommendations and lead the implementation. 
  • Foster a team culture based on collaboration and business partnerships and build relationships with internal and external stakeholders to facilitate dispute resolutions such as customer claims and denied deductions.
  • Liaise with credit insurance company and Finance Manager for customer credit approvals.


Skills

Qualifications:

  • At least 5 years of experience in the UAE preferably in the distribution and trading industries.
  • Bachelor of Science in Accountancy/ B.Com, preferably a CPA/ CA, with a background in handling accounts receivable roles.


Post date: 23 August 2024
Publisher: Bayt
Post date: 23 August 2024
Publisher: Bayt