Account Receivables Manager

About the job Account Receivables Manager

Our client is a distributor of specialized cable & connectivity solutions and services for the telecommunications, marine, oil, and gas industries. They are looking for an AR manager to join their team in Dubai.

An Accounts Receivable Manager with 5+ years of experience, preferably in UAE will be responsible for overseeing the accounts receivable processes, which include Credit management, collection management, Deductions management, Cash application, Month-end close, and reporting.

Responsibilities:

• Work closely with the sales team to collect outstanding accounts receivable and customer credit limit requirements.
• Collect overdue customer AR balances by applying collection best practices. 
• Recommend courses of action on old customer accounts where collection isn't the driving issue.
• Reconcile bank accounts. 
• Liaisons with the bank for guarantees and letters of credit (L/C).
• Resolve discrepancies and billing issues. 
• Prepare weekly collection forecast. 
• Prepare manual invoices as required by delivery notes information.
• Ensure compliance with IFRS principles.
• Assist in all audit processes for assigned areas and ensured timely completion. 
• Other duties and responsibilities are as assigned by the finance manager. 
• Assist the Finance manager with the process of sending the account to collections. 
• Update, review, and maintain the bad debts in Accounts Receivable. 
• Work with the legal team regarding liens and filing Court orders or claims.
• Organize workflow and process activities to optimize the department's productivity and cash flow.
• Define and implement key metrics to monitor the department's performance. 
• Communicate the metrics to the team to ensure they are understood and expected performance levels are met. 
• Present dashboards to management to assist in decision-making.
• Prepare monthly reports on credit, collection, and deduction metrics and forecast upcoming cash flows in Power BI. 
• Lead projects oriented towards internal controls and process improvements.
• Identify areas of improvement, such as workflow processes, task automation, or changes to improve ERP performance.
• Provide recommendations and lead the implementation. 
• Foster a team culture based on collaboration and business partnerships and build relationships with internal and external stakeholders to facilitate dispute resolutions such as customer claims and denied deductions.
• Liaise with credit insurance company and Finance Manager for customer credit approvals.