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Account Receivables Manager

5.00 to 8.00 Years   Dubai, United Arab Emirates   25 Aug, 2024
Nathan & Nathan
1 Jobs Openings
Job LocationDubai, United Arab Emirates
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryHuman Resources Outsourcing
Functional AreaNot Mentioned

Job Description

About the job Account Receivables ManagerOur 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 isnt 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 departments productivity and cash flow.
  • Define and implement key metrics to monitor the departments 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.

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