The incumbent is responsible for managing the accounts’ receivable function, including customer invoicing, collections, account reconciliations, revenue-related reporting, and ensuring timely receipt and accurate recording of customer payments in accordance with company policies and accounting standards.
ROLE AND RESPONSIBILITIES
Accounts Receivables Management:
- Prepare billing advice and obtain formal confirmation from business units prior to invoice issuance.
- Generate customer invoices in accordance with approved timelines and procedures.
- Ensure timely dispatch of invoices and obtain appropriate customer acknowledgements.
- Maintain and regularly update customer master data to ensure accuracy and completeness.
Collections & Credit Control:
- Follow up on outstanding receivables with customers and relevant business units.
- Monitor receivables and actively manage collections to achieve agreed cash collection and aging targets.
- Maintain effective customer relationships and conduct meetings where required to support collections and dispute resolution.
Reconciliations & Accounting Controls:
- Perform periodic reconciliation of customer statements and resolve discrepancies in a timely manner.
- Ensure continuous reconciliation between the accounts receivable sub-ledger and the general ledger.
- Ensure timely and accurate recording of related-party receivables with appropriate approvals and supporting documentation.
- Prepare monthly provision for doubtful debts in line with company policies and applicable accounting standards.
Reporting & Month-End Support:
- Prepare receivables aging reports and highlight overdue balances to management.
- Prepare collection versus target performance reports.
- Analyze receivables turnover and Days Sales Outstanding (DSO), and report exceptions where thresholds are exceeded.
- Support month-end closing activities in coordination with the finance team.
Audit & Compliance:
- Prepare year-end balance confirmation letters for audit purposes.
- Provide timely and accurate information and schedules to external auditors.
- Ensure compliance with approved policies, procedures, and internal control framework.
REPORTING AND FINANCIAL ANALYSIS
- Generate ageing report and advise management on delayed collections.
- Prepare collections Vs. target report.
- Prepare analytical information on receivables turn over and day’s sales outstanding.
- Report to management when day’s sales outstanding crosses approved limit.
QUALIFICATON
- Bachelor’s degree in finance or economics, Business Studies, or Accounting.
- Master's Degree is desirable but not required.
- Possesses very good command of the English language both verbal and written. Arabic and other language is an added advantage.
CERTIFICATION
- CMA, CPA, CIMA or other financial / accounting certifications an added advantage.
KNOWLEDGE, SKILL AND ABILITY
- Analytical mind with aptitude in Math.
- Communication skills, Interpersonal skills and Problem-solving skills.
- Excellent knowledge of cost accounting and reporting.
- Knowledge of receivables management, credit risk assessment, and cash collection forecasting.
- Working knowledge of financial software and MS Office.
- A problem-solver with attention to detail.
EXPERIENCE
- Minimum five (5) years hands on experience as accounts receivable or similar role.
- Solid knowledge of basic and advanced accounting and financial principles and practices.
Financial Accountability:
- Responsible for managing and monitoring accounts receivable balances, supporting collection of outstanding debts, and safeguarding company revenue through accurate billing and receivable controls.
Please submit your application only if you MEET the requirements. Interested candidates may submit their CV, passport and visa copy citing their notice period and salary expectations to careers@duservefm.ae
