Inspire Selection Looking for Accounts Receivable Supervisor – UAE National at Abu Dhabi, UAE Full Time

Job description / Role

Our government owned client in Abu Dhabi is looking for an experienced UAE NATIONAL Accounts Receivables leader, to fully set up the department and ensure it runs smoothly. This start-up business is growing very quickly already turns over multi $millions.

Responsibilities:

– Develop and supervise the implementation of the Accounts Receivables (AR) guidelines, policies and processes, ensuring full alignment with revenue recognition principles under IFRS standards
– Responsible for achieving collection target every month and maintaining DSO as per the budget
– Develop dynamic credit policy and framework for credit department
– Develop and implement sound credit evaluation process with necessary documentation for all credit customers
– Review of application from customers for credit facility and periodic review of customer credit limit
– Setting up customer profile class and maintaining and controlling customers data master
– Develop MIS report for receivables and develop provisioning policy on bad debts
– Liaise with internal legal department and external lawyers to initiate legal cases on default customers
– Establish adequate controls for receivables and enable timely recovery of receivables to maintain adequate cash flows at all times
– Supervise the development of customer invoices and review the developed invoices to ensure all financials are as per the contract and agreement with the customers
– Oversee the implementation of controls to ensure that the authorized bank account is monitored on a daily basis for invoice related cheques and funds transferred
– Supervise the process of receiving and recording payments ensuring that all payments are recorded in the Accounts Receivables system in an accurate and timely manner
– Oversee the extraction of an AR aging report of the monthly receivables to determine potential delinquencies in the recoverability of receivables and related accounting provision to be booked if required
– Ensure the timely follow-up on overdue collections and receivables and liaise with relevant departments and senior management to facilitate the collection process as per the Collections Overdue Policy
– Supervise the development of the accounts receivable reconciliation report and provide the required reviews throughout the process of receivable reconciliation
– Monitor the Period-end Reporting process as per the Accounts Receivable Policies and Procedures
– Supervise the development of Customer Credit Risk Assessment and develop credit terms and limits for customers, based on the customer category
– Oversee the reporting of uncollectible revenues on a timely basis to the insurance provider to ensure the reimbursement of claims according to terms and conditions agreed with the insurance provider

Salary:

AED
23,000 to 28,000
per month inclusive of fixed allowances.

Additional benefits: schooling + family status

Requirements

– Accountancy qualification is preferred
– UAE National is preferred
– 7 years experience in AR / Credit Control with 3 years as a Supervisor / Manager.
– Excellent level of English

Thank you for your interest. All applications are viewed and evaluated according to the role requirements. We aim to contact shortlisted candidates within 2 weeks. As we often receive a high volume of applications, we are unable to reply to everyone. If you have not heard back from us within 2 weeks, please consider your application unsuccessful.

About the Company

Inspire Selection is an award winning recruitment agency, headquartered in Dubai which recruits across the Middle East region. We employ highly knowledgeable, professional consultants who are experts in connecting the right people with the right opportunities. Our reputation has been built upon our honesty, integrity and our ability to source candidates of the highest calibre right across our specialist sectors. As a result, we are recruitment partners to a wide spectrum of organisations – from leading blue chip companies to smaller, local businesses. Sectors we cover include HR, Administration, Finance & Accounting, Legal, Sales & Marketing including Digital Marketing, IT, Oil/Gas/Energy, Engineering, Procurement, Manufacturing, Higher Education.