Assistant Manager – Accounts Receivables

Description

• Lead the development and maintenance of the brand recovery tracker to monitor and control brand-related receivables, ensuring accurate reporting to senior management.
• Manage the resolution of discrepancies and establishing corrective action processes
• Ascertain that the invoices are accurate and are in line with the tax/regulatory guidelines or contracts with customers
• Supervise the analysis of brand marketing expenditures to support marketing recovery efforts, coordinating with brand principals to review, validate, and finalize expenses and brand contributions for debit note issuance.
• Monitor work processes and report key metrics for the Accounts Receivable Section.
• Define goals and key performance indicators for each member of the section and ensure effective implementation of the performance management process
• Manage the process of providing knowledge to the retail cashier about the collection of credit at stores
• Oversee the preparation and timely submission of outstanding debit note reports to management, ensuring consistent follow-up with principals and brand teams to expedite collections.
• Inspect the recording and application of cash, management of outstanding invoices, and monitor escalated collection matters and disputes to ensure resolution
• Review and enhance procedures to ensure all insurance claims are accurately recorded and recovered in a timely manner.
• Manage the maintenance of the accounting database and ensure proper implementation of the applicable system for accounts receivable and payments collection administration
• Ensure the completeness and timey accounting of revenue by ensuring that the contracts are updated in the system.
• Manage the reconciliation of bank accounts statements with the general ledger for Accounts Receivable related entries in an accurate and periodic manner
• Manage credit control processes and oversee insurance risk coverage for customers, ensuring appropriate credit limits and insurance policies are in place.
• Manage customer billing and cash receipts processing
• Ensure monitoring of customer account details for non-payments, delayed payments, and other irregularities
• Develop talent within the team by providing guidance, ongoing feedback and coaching to achieve the defined goals
• Ensure accurate recording of monthly statements in the appropriate journals and ledgers
• Examine proper adherence of accounting guidance for cash deposits
• Monitor and report deviations from credit standards
• Ensure timely collection of payments for the generated invoices and manage proper resolution of outstanding payment issues

Requirements

We are looking for an experienced Assistant Manager – Accounts Receivables who will be responsible for managing and monitoring all finance activities related to accounts receivables across Seddiqi Holding and its group companies, including overseeing domestic and overseas collections.

• 3 years’ job-related experience within Luxury retail/Retail/FMCG Industry in UAE/Middle East
• Bachelor's Degree or equivalent in Finance / Accounting/ Business Administration
• 3- 4 years’ experience as a supervisor / manager.
• Professional qualification (e.g. CPA/ACCA/ACA/CIMA)
• 6-8 years of Accounts Receivable experience

Benefits

Training + Development

Interview process

Visa Sponsorship

Security clearance