PCFC - Accounts Receivables and Cash Management - #57868

Dubai Government


Date: 1 week ago
City: Dubai
Contract type: Full time

Key Accountabilities (Statements that describe the main responsibilities of the job)

Accounts Receivables:

  • 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.

Cash Management

  • Develop and implement strategic investment plans, annually enhance policies, and formulate operational improvement plans.
  • Assist in maintaining effective governance within the treasury function.
  • Support technology requirements for Cash management operations.
  • Develop and maintain strategic relationships with banks and financial institutions.
  • Assist in industry research and evaluate investment opportunities. Assess opportunities for investment, particularly in term deposits, and formulate cash planning strategies based on historical trends.
  • Monitor risk mitigation and profitability optimization.
  • Perform in-depth analyses of various scenarios and potential risks, providing timely and precise financial reports to senior management.
  • Conduct a detailed examination of cash flows within entities, differentiating net consumers and contributors for refined financial planning strategies.

Others

  • Provide guidance and training to the team, fostering a high-performance culture and continuous improvement in processes.
  • Contribute in achievement of Department objectives by executing / achieving the KPIs assigned by line manager and submit relevant supporting documents during KPIs evaluation.

Qualifications


Education Qualification & Certifications

Required :

Bachelor’s Degree in Accounting, Finance, Economics or relevant field

Preferred :

Membership in any one of the Professional Accounting bodies, CPA, CA, CIMA, ACCA but not mandatory

Master’s Degree preferable specialized in accounting , finance or relevant field Experience Required

Min. Exp. Required :

8+ years in relevant field of which 3+ years in managerial role

Hands-on experience with accounting software and statistical packages; Group Reporting experience

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