Accounts Receivable Supervisor Uae National
Our government owned client in Abu Dhabi is looking for an experienced UAE NATIONAL Accounts Receivables leader, to fully set up the department and ensure it runs smoothly.
This start-up business is growing very quickly already turns over multi $millions. Responsibilities
Develop and supervise the implementation of the Accounts Receivables (AR) guidelines, policies and processes, ensuring full alignment with revenue recognition principles under IFRS standards
Responsible for achieving collection target every month and maintaining DSO as per the budget
Develop dynamic credit policy and framework for credit department
Develop and implement sound credit evaluation process with necessary documentation for all credit customers
Review of application from customers for credit facility and periodic review of customer credit limit
Setting up customer profile class and maintaining and controlling customers data master
Develop MIS report for receivables and develop provisioning policy on bad debts
Liaise with internal legal department and external lawyers to initiate legal cases on default customers
Establish adequate controls for receivables and enable timely recovery of receivables to maintain adequate cash flows at all times
Supervise the development of customer invoices and review the developed invoices to ensure all financials are as per the contract and agreement with the customers
Oversee the implementation of controls to ensure that the authorized bank account is monitored on a daily basis for invoice related cheques and funds transferred
Supervise the process of receiving and recording payments ensuring that all payments are recorded in the Accounts Receivables system in an accurate and timely manner
Oversee the extraction of an AR aging report of the monthly receivables to determine potential delinquencies in the recoverability of receivables and related accounting provision to be booked if required
Ensure the timely follow-up on overdue collections and receivables and liaise with relevant departments and senior management to facilitate the collection process as per the Collections Overdue Policy
Supervise the development of the accounts receivable reconciliation report and provide the required reviews throughout the process of receivable reconciliation
Monitor the Period-end Reporting process as per the Accounts Receivable Policies and Procedures
Supervise the development of Customer Credit Risk Assessment and develop credit terms and limits for customers, based on the customer category
Oversee the reporting of uncollectible revenues on a timely basis to the insurance provider to ensure the reimbursement of claims according to terms and conditions agreed with the insurance provider
Accountancy qualification is preferred
UAE National is preferred
7 years experience in AR / Credit Control with 3 years as a Supervisor / Manager.
Excellent level of English
Thank you for your interest. All applications are viewed and evaluated according to the role requirements. We aim to contact shortlisted candidates within 2 weeks.
As we often receive a high volume of applications, we are unable to reply to everyone. If you have not heard back from us within 2 weeks, please consider your application unsuccessful. (LV)
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