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Manager OtC | Finance Shared Services Centre

1.00 to 10.00 Years   United Arab Emirates   24 May, 2022
Al Futtaim Group
1 Jobs Openings
Job LocationUnited Arab Emirates
EducationNot Mentioned
SalaryNot Mentioned
IndustryAccounting
Functional AreaNot Mentioned

Job Description

JOB PURPOSE:As an (O2C) Accounts Manager in Group Finance Shared Service Centre (FSSC), he/she will focus on supporting the day-to-day activities of the O2C function whilst complying with organizations policies and procedures and ensuring necessary checks and balances to mitigate risks through his team members:This position will be responsible for the following.

  • Ensure strong control and governance to the activities involved in Order to Cash process in compliance with company policies and procedures
  • Drive further development and enhancement of the current process
  • Ensuring daily/weekly/monthly partnering support to business operations are completed by O2C accountants such as Customer Refunds, DP transfer, Exceptional application of customer payments, Cancellations and Return, Passport Release, Rebates etc
  • Review GL Reconciliations such as Revenue Control Accounts, Upsells, SMC, Warranty, F&I etc. periodically
  • Ensure risks/exceptions / interface fallouts highlighted by accountants are resolved on a timely manner by performing review, reconciliation, escalations, and substantiation of O2C accounts and reports.
  • Review Accounts Receivables and overdues position shared with business to facilitate their follow-up and collection activities
  • Review customer accounts reconciliation carried out by accountants
  • Review provision working for various risks including doubtful debts as per Policy
  • Review and approve various accounting entries made by accountants such as refund, credit notes, debit notes
  • Review and comply with the department check list for month end and year end book closing
  • Identify standardization and automation initiates and drive as a project for cost saving
  • Ensure Support with resolution of audit requests (internal and external) within the submission timelines
  • Review GL Schedules from the Balance Sheet Substantiation perspective as per the group initiative
  • Support management with ad-hoc reporting requirements
  • Liaise with IT Team, System, Process & Compliance Team, Divisional Controlling Team, and various Business Units to resolve issues, escalations, projects, and other initiatives
  • Conduct review meeting with business
  • To play an active role in transition and integration when required.
KEY ACCOUNTABILITIES:
  • Timely O2C partnering support to Business in day-to-day operations
  • Review GL Reconciliations such as Revenue Control Accounts, Upsells, SMC, Warranty, F&I etc. periodically
  • 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
 

Keyskills :

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