POSITION SENIOR ACCOUNTS RECEIVABLE - FOR FMCG & DITRIBUTION SECTOR As a Senior Accounts Receivable, you will be responsible for overseeing and managing the accounts receivable processes of the company. You will be required to overseeing the day-to-day accounting operations of the company, ensuring accurate and timely financial reporting, compliance with accounting standards, and effective management of financial resources. You will lead a team of accounting professionals and collaborate closely with cross-functional teams to support business objectives and maintain financial integrity. You need to ensure timely collection of outstanding debts owed to the company while maintaining positive relationships with clients and customers. You will work closely with various departments such as finance, sales, and customer service to streamline processes and improve cash flow.
Responsibilities:
- Coordinate month-end and year-end closing processes, including journal entries, reconciliations, and accruals, to ensure timely and accurate financial reporting.
Oversee accounts receivable processes, including billing, collections, and credit management, to optimize cash flow and minimize bad debt risks.- Reconciliation of Bank, Trade & non Trade Receivable and GL reconciliation in relation to AR function.
Review and analyze financial data, variance reports, and key performance indicators (KPIs) to identify trends, risks, and opportunities for improvement, and provide insights and recommendations to senior management.
- Ensure compliance with accounting standards, tax regulations, and internal controls, and liaise with auditors and regulatory authorities as necessary.
Develop and implement strategies to optimize accounts receivable processes, including credit policies, invoicing procedures, and collection techniques.- Monitor accounts receivable aging reports and analyze customer payment patterns to identify and address delinquent accounts promptly.
Coordinate with sales and customer service teams to resolve billing discrepancies and disputes, ensuring accurate and timely invoicing.
- Review and approve credit limits for new and existing customers based on creditworthiness and risk assessment.
Maintain regular communication with customers to follow up on overdue payments, negotiate payment terms, and establish payment plans when necessary.- Conduct regular credit reviews and assessments of customers to minimize bad debt risks and maximize cash flow.
Prepare monthly, quarterly, and annual reports on accounts receivable performance, aging analysis, and collection forecasts for management review.
- Collaborate with finance and accounting teams to reconcile accounts receivable transactions and resolve any discrepancies.
Stay updated on industry trends, regulations, and best practices related to accounts receivable management, and implement necessary changes to enhance efficiency and effectiveness.- Lead, mentor, and train a team of accounts receivable professionals to ensure high performance and adherence to company policies and procedures.
Qualifications:- Bachelor's degree in Accounting, Finance, Business Administration, or a related field. A master's degree or professional certification (e.g., CPA, CMA) is preferred.
Proven experience of at least 2 years in accounts receivable management, preferably in the FMCG sector or a similar fast-paced environment.
- Strong knowledge of accounting principles, credit management, and collection practices.
Excellent analytical and problem-solving skills, with the ability to interpret financial data and trends.- Proficiency in accounting software and Microsoft Excel for financial analysis and reporting.
Outstanding communication and negotiation skills, with the ability to build rapport and resolve conflicts with customers effectively.
- Detail-oriented with a focus on accuracy and quality of work.
Ability to work independently and collaboratively in a dynamic, deadline-driven environment.- Leadership qualities with experience in managing a team of professionals.
Flexibility to adapt to changing priorities and business needs.
- Arabic knowledge is mandatory.
Job Type: Full-time
Experience:
* Accounting: 3 years (Preferred)
