Job Description
Credit and Accounts Receivables Manager
New Cairo City, Egypt Credit and Accounts Receivables Manager
About the job Credit and Accounts Receivables Manager
Develop plans for dividing work between accountants in the Credit and Accounts Receivables Department. Direct and evaluate the work team in the Credit and Customers Department. Participate in preparing an adequate and appropriate accounting manual for the nature of the activity and update it according to the variables of the activity and the nature of the required information. Participate in developing the credit policy with the CFO and the Commercial Manager. Monitor and follow up on the credit policy. Determine the credit limit for each customer. Set the minimum legal documents required to grant credit to customers. Ensure that the guarantees received from customers cover the credit amount granted to them. Apply credit adjustment to the system. Prepare monthly credit and account receivable reports. Monitor the company's credit limits at the sales channel level according to the approved policy. Stop customers and reactivate them according to the approved credit policy. Clarify the reasons for stopping customers. Resume dealing with stopped customers once the reasons for stopping are removed. Review customer contracts. Coding and registering customers on SAP system. Review all documents received from customers before sending them to the accounts department, which represents a procedure of the documentary cycle, before preparing daily entries. Settle and confirm customer accounts on a monthly basis. Issue a debt aging report for customer balances. Prepare a study of customer decline. Coordinate and participate in collecting bad debts. Coordination and communication with the Legal Affairs Department to follow up on bad debts. Follow up on collection with sales managers at the level of (geographical area - tenders) Establishing commission calculating the in collaboration with the Commercial Manager, the CFO, Human Resources, and Tax Manager. Participation in developing the collection budget for deferred sales. Issuing certificates for tax purposes on the volume of transactions for dealing clients Preparing debit and credit notices for clients. Approve customers transactions for tax purpose. Preparing all reports related to client accounts. Recording and saving copies of client guarantees in a special register. Reviewing guarantee checks/letters of guarantee received from clients before delivering them to the treasury. Participating in the work of the collection papers inventory committee. Monitoring due dates and reviewing the registration of checks/letters of guarantee and matching them with the actual inventory. Preparing the expected monthly cash flow statement (sales proceeds). Monitoring and controlling cash collections. Preparing reports on the aging of debts. Participating with the CFO in conducting a study on the decline in customers. Supervising the annual inventory of receivables in cooperation with the General Accounts Manager and the Finance and Banking Manager. Participating with the CFO in preparing the company's planning budget. Participating with CFO in developing the financial regulations and work system in the financial department. In general, commitment to implementing management policies and instructions of the CFO and the board of directors.
Academic experience required
Bachelor's degree in Accounting or Finance required.
Professional Experience Required
Experience in managing Credit & Accounts Receivables Accounts for a period of not less than 8 years. Familiarity with the following: - SAP ERP System (FI & SD Modules) Egyptian accounting standards, especially Standard 47 " Financial Instruments" Tax Law (Withholding Tax & Value Added Tax). Egyptian Trade Laws (Commercial Law and Tenders Law). Audit Requirements and Evidence.
Computing Skills
Proficiency in Microsoft Office Suite (Excel,Word,PowerPoint) Strong ERP Systems experience (SAP)
Personal Skills
Excellent analytical and problem-solving skills Strong attention to detail and accuracy Excellent communication and interpersonal skills Ability to work independently and as part of a team
Languages
Good written and spoken English and Arabic.