Job Title: Accountant - Receivables

Job Purpose

• Responsible for managing and executing the daily operations of the accounts receivable process, including invoicing, processing cash receipts, monitoring credit, and preparing detailed financial reports to ensure accuracy and efficiency in the recording and collection of receivables.

Key Roles and Responsibilities

Policies & Procedures

• Implement the Finance Department’s set policies and procedures and comply with the company’s other policies.

Activities

• Assist in maintaining high standards of accuracy, efficiency, and timeliness within the accounts receivable team.
• Track and report customer credit situations to mitigate financial risk while maintaining customer relations.
• Ensure the receipt and processing of incoming payments, recording these transactions accurately to maintain up-to-date customer accounts.
• Compile and analyze aging reports that categorize receivables by their due dates to identify delinquent accounts and prioritize collection efforts.
• Aid in generating and analyzing the Daily Collection Report to track incoming payments and transaction statuses.
• Help maintain comprehensive records for all issued invoices and ensure timely payment collections.
• Participate in preparing the Bad Debt Report to identify uncollectible amounts.
• Compile detailed Monthly Accounts Receivable Reports to provide insights into the overall status of receivables.
• Work on resolving certain issues listed in the Problem List Report and escalate major concerns to higher management as needed.
• Oversee the tracking of all issued invoices and their payment statuses to ensure accurate accounting.
• Track and input all Blocked and Missing Invoices into the system to take corrective measures.
• Ensure prompt recording and reconciliation of all Cash on Delivery transactions.
• Track and report bounced checks, maintaining accurate records.
• Record and maintain reports of rebate transactions, ensuring compliance with legal standards.
• Maintain detailed reports of cases with lawyers that involve receivable issues, ensuring all legal proceedings are accurately documented.
• Verify that Sales Representatives collect and submit necessary discharge of liability forms to facilitate collections.
• Ensure that the process required by financial institutions (such as KFH) is completed and all necessary documentation is accurately collected.
• Aid the receivables team by organizing invoices, dispatching them to customers, and updating tracking sheets.
• Perform other duties related to the job as assigned by the Direct Manager.

Reports

• Daily collection report
• Bad debt report
• Aging report
• Problem list report
• Blocked invoices
• Invoice tracker 
• Missing invoices
• Cash on delivery report
• MOH Report
• Returned Check Report
• Cases with Lawyers Report

Skills

Job Requirements

Educational Qualification

• Bachelor's Degree in Accounting, Finance or related field.

Work Experience

• Minimum of 2 - 4 years of experience in the same or related field.

Behavioural Competencies

• Accountability
• Attention to Details
• Communication Skills
• Interpersonal Skills
• Teamwork and Collaboration
• Time Management

Language Skills

• Proficiency in English and Arabic languages.