Job Role : Receivables Manager - Real Estate
Qualified Chartered Accountant (CIMA, ACCA, CPA)
Good knowledge of SAP REFX and FICO module
Proficiency in Microsoft Office Suite (Excel & Word)
Minimum 5-7 years of experience in Real-estate firm (preferable in UAE, large scale).
Minimum of 2 years’ experience in Supervision (AR and Revenue Accounting)
Good knowledge relating to accounts receivable in Real Estate industry.
Initiative, detail oriented and self-motivated team player with ability to perform under tight deadlines and pressure.
Should possess excellent interpersonal and communication skills
Should possess a high degree of efficiency and integrity.
Duties and responsibilities
This position will support and helps in budget and forecast preparations, long term plans and other ad-hoc related requests.
He / she will ensure that Accounts Receivable and Revenues are properly authorized according to company policy and procedure.
This position is also responsible for implementing and monitoring the Revenue and Accounts Receivable monthly closing process and check list as well as regular review of tenant account balances
1. Business Insights and Support
Provide accounting guidelines and support in Accounts Receivable and Revenues area to lease administration team as and when required.
Assist and provide swift feedback to Leasing collection team, Third party service provider and Property Management Team in day to day transactions pertaining to renewal, amendments, surrender and new deals
2. Financial Control
Maintain proper control over customer codes, ensuring correctness and completeness and advice activation and deactivation according to business needs
Ensure clearing of any reconciling item resulted from revenue bank accounts reconciliation on timely basis
Review and reconcile tenant accounts balances for revenue and receivables with GL on monthly basis and ensure no integrity issue is pending
Negotiate with clients in non-payment cases and settle non-payment disputes with clients efficiently.
Oversee the processing and organizing of bills, records and invoices ensuring quality maintenance at every step.
3. Financial Reporting and Transaction processing
Review and Post day to day AR and revenue related accounting transaction ensuring - Adequacy of supporting documents, - Proper authorizations are in place, - Correctness and completeness of information recorded in the system - Correctness and appropriate selection of the accounting treatment, and - Proper selection of GL accounts and Billing Codes
Reviewing accurate posting of documents in ERP by the team.
Verifying all new contracts for accuracy & completeness (e.g. PDC & required upfront amounts are received.)
Monitoring bank related transaction are accounted on timely basis
Follow up of the top 25 customer receivables recovery and ensure for closure.
Monthly payable commissions to be submitted to the payroll team after appropriate review and approvals.
Month end closing for receivables - check list with timelines that are adhered to for completion.