Job description
Oversee the entire Accounts Receivable function, managing a team responsible for accurate and timely invoicing, collections, and application of payments.Develop and implement effective credit and collection strategies to optimize cash flow and minimize bad debt risk.Collaborate with BU and customer service teams to resolve billing and payment discrepancies and ensure customer satisfaction.Monitor and analyze key AR metrics, providing regular reports to Finance management on aging reports, and other relevant KPIs.Implement and enforce credit policies, evaluating and approving credit limits for new and existing customers.Lead the reconciliation of customer accounts, addressing any discrepancies and ensuring accuracy in financial records.Establish and maintain strong relationships with key customers, resolving issues and negotiating payment terms as needed.Work closely within the finance department to ensure seamless integration of AR processes with overall financial operations.Participate in formulation and enhancement of AR-related policies, procedures, and systems to improve efficiency and compliance.
Responsibilities & skills
Education
Education Qualification & CertificationsRequired :Bachelors Degree in Accounting, Finance, Economics or relevant field
Experience
Masters Degree preferable specialized in accounting , finance or relevant fieldExperience RequiredMin. Exp. Required :8+ years in relevant field of which 3+ years in managerial roleHands-on experience with accounting software and statistical packages; Group Reporting experienceThis job has been sourced from an external job board.
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Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.
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