A well-known and well-reputed Company based in Abu Dhabi, United Arab Emirates is looking for an experienced, skilled, competent, mature, qualified, creative, and intelligent candidate with significant knowledge and relevant working experience for the position of “Senior Accountant – Accounts Receivable”.
|Company Name||Abu Dhabi National Insurance Company|
|Qualification||Bachelors Degree | Masters Degree | ACCA | CPA | ICAEW|
|Experience||5 – 7 years of Relevant Experience Required|
|Monthly Salary||12,500 AED – 15,000 AED|
|Employment Type||Full Time | Permanent|
|Company Size||50-100 Employees|
The job holder is responsible for planning, organizing and performing routine activities of accounts receivable to ensure that the due receivables are collected in a timely manner. To coordinates with UW & Operation functions for billing, collections & reconciliation of accounts. To prepare relevant receipts for the funds received and application of the same in to the respective accounts on a timely manner. To assist monthly sub ledger closing activities. Advising and assisting are readily available and difficult or unusual problems are usually escalated to direct manger proactively and timely. Review customer and broker accounts, administer compliance, and manage vouchers and AR sub-ledgers.
Policies, Processes & Procedures:
- Follow all relevant departmental policies, processes, standard operating procedures and instructions so that work is carried out in a controlled and consistent manner.
§ Perform monthly reconciliation of direct & Broker related accounts.
§ Timely booking of receipts and allocation of receipts against relevant invoices in customer and broker accounts timely.
§ Allocation of contra entries in the customer & broker accounts on time and maintain clear & accurate books for direct and broker customers.
§ Timely monitoring accounts to ensure that no additional bad debt accounts are created.
§ Maintains regular contact with internal customers (other departments) to obtain and convey information, timely billing, to correct transactions and/or resolve disputes.
§ Maintains regular and constant contacts with all direct and broker related clients to obtain and convey information, to correct transaction(s) and/or to resolve disputes and ensure collection of due receivables timely.
§ Monthly reconciliation and settlement of broker commission.
§ Assists Accounts Receivable Department personnel as and when needed.
§ Keeps direct manager informed area of activities and of any significant problems.
§ Attends and participates in meetings as required.
§ Special projects and miscellaneous assignments as required as assigned.
§ Other duties as assigned.
§ Ensures that work area is clean, secure, and well maintained.
§ Obtain quarterly balance confirmation from top 20 direct & broker clients.
§ Monitor monthly booking in the direct & broker accounts to ensure that the due dates are reflected in the respective invoice(s) as per the agreed credit terms.
§ To review and approve/reject credit control transactions on time based the account’s payment record.
§ Issue Notice of Termination to defaulting accounts after fulfilling the procedures defined in the AR manual.
§ To ensure that the delinquent account’s policies are cancelled up on expiry of the Notice period.
§ Coordinate with Legal department with all supporting documents to proceed on legal actions against delinquent accounts after cancelling polices and pro-rata refunds are reflected in the statement of account.
§ Establish work standards, develop objectives and design/maintain effective work-flows and operating procedures.
§ Responsible for testing of new system features and taking a leadership position in identifying system and process improvements and enhancements.
Contribute to the identification of opportunities for continuous improvement of financial systems, processes and practices taking into account ‘international best practice’, improvement of business processes, cost reduction and productivity improvement.
§ Bachelor Degree
§ Minimum Experience:
§ 3 to 5 years of relevant experience