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Accountant - O2C

1.00 to 10.00 Years   Dubai, United Arab Emirates   22 Mar, 2024
Al Futtaim Group
1 Jobs Openings
Job LocationDubai, United Arab Emirates
EducationNot Mentioned
SalaryNot Mentioned
IndustryRetail & Wholesale
Functional AreaNot Mentioned

Job Description

Overview of the roleAs an (O2C) Accountant in Group Finance Shares Service Centre (FSSC), he/she will focus on supporting the day-to-day activities of the O2C function whilst complying with organization?s policies and procedures and ensuring necessary checks and balances to mitigate risks:This position will be responsible for the following.

  • Provide daily partnering support to business operations by assisting in O2C activities.
  • PDC Management, which includes PDC collection, Warehousing, Banking, Maturing, Hold / Postponement etc.
  • Identify, highlight and expedite timely action to resolve exceptions / interface fallouts by performing review, reconciliation and substantiation of O2C accounts and reports.
  • Highlight receivables and overdue position to business to facilitate their follow-up and collection activities.
  • Ensure adequate provision is created for doubtful debts as per Policy.
  • Highlight risks and exceptions based on daily review of Collection control accounts and ensure resolution of exceptions within SLA by escalating in a timely manner.
  • Create and maintain various master record for the O2C activities.
  • Perform assigned month end book closing tasks within O2C.
  • Monitor the ongoing automated activities and ensure continuity of daily tasks.
  • Support with resolution of audit requests within the submission timelines
  • Identify and support on standardization and improvement initiatives within the O2C function.
  • Execute Customer Account Reconciliation/Balance Confirmation/SOA/Dunning etc.
ÿWhat you will do
  • Timely O2C partnering support to Business in day-to-day operations
  • PDC Management, which includes PDC collection, Warehousing, Banking, Maturing, Hold / Postponement etc.
  • Daily collection control account monitoring and exception management
  • Perform monthly / periodic reconciliation and substantiation of O2C accounts and highlight exceptions and related risks to the Business
  • Preparation and circulation of periodic O2C exception reports & dashboards to stakeholders
  • Perform assigned month end book closing tasks within O2C
  • Computation of Provision for doubtful debts in accordance with Policy
  • Identify and support process standardization and improvement initiatives to improve efficiency and quality of reporting for FSSC O2C processes
  • Any other O2C activities assigned from time to time

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