Head of Receivables

16 أغسطس، 2022

0 34 3 دقائق

Job Description

Job Description :
Company
Our client is a semi-governmental Aviation Company. The company has more than 600 employees in a vast number of divisions and departments. They are currently looking for a Head – Receivables (Finance) to be based in Bahrain.
Duties & Responsibilities:

Ensure accuracy of the non-aeronautical bills and their conformity with the billing schedules and credit terms agreed between the Commercial Division and the customers.
Monitor and manage the non-aeronautical bills are sent to customers and all amounts due are collected from all agencies.
Record and provide the status of outstanding receivables and highlighting past due accounts.
Review and take note and organize collection of doubtful debts and escalate to next levels for suitable actions.
Highlight, recommend and communicate what next steps to be taken to resolve billing anomalies.
Ensure accuracy of all aeronautical bills and their conformity with supplied aircraft movement details from Air Traffic Control.
Monitor and manage the aeronautical billing process by ensuring bills are sent to customers and all amounts due are collected from all local and international airlines and agencies.
Record and provide the status of outstanding receivables and highlighting past due accounts and doubtful debts.
Highlight, recommend and communicate the next steps to be taken to resolved billing anomalies.
To monitor and report to the Manager Receivables with schedules on amounts collected on behalf of and payable to Civil Aviation Affairs and Ministry of Transportation & Telecommunications to reconcile at the end of the month.
Review and approve the Receivables Aging Analysis report.
Send regular statements of accounts, reminder letters and notices to customers.
Initiate the recovery and remedial procedures as specified by the Company's policies and procedures.
Report and discuss status of the Receivable Aging Analysis report.
Maintain and amend reports with updates on past dues.
Track and maintain the listing actions taken to resolve outstanding balances with customers.
Continuously maintains good relations with company and its associate by regularly scheduling and covering the customer's queries.
Continuously train, advise and supervise the works of receivable teams
Generate, analyzing and correcting the Receivables report
Advice and review AR functions updates on all bank statements on a daily basis for direct payments or adjustments.
Monitor and ensure daily deposit of all cash and cheques to company's bank account.
Investigates and reviews all credit notes requests to rectify disputes with customers.
Review and sign off the details of the Receivables responsibilities in the monthly closing.
Establish and maintain the credit rating of customers.
Communicate with other functions in finance and commercial, especially on invoicing, budgeting and reporting on matters related to budget vs actuals and to highlight relevant info on revenue and receivables.
Manage & respond to the Auditors (internal, statutory and government) requirements queries.
Support Receivables Manager in preparing preliminary report/reply to audit findings (Internal / External Audit & National Audit court) for the Shared Services customers
Review the processes against best practices and set up the process for automation.
Provide inputs to the Manager Receivables to edit or set / reset the policy in accordance with directives from Management.
Highlighting and chasing amendment of variations and updates required in the Receivable policies and procedure manual.
Manage all new finance related projects for the company and its shared services customers as advised by the Management.
Provide, recommend and manage Finance related ICT projects. Align and gather all Finance requirements for ICT Projects and then streamline for the department.
Identify and note for charging model – Aero and Nonaero revenue of airports in the region and elsewhere.
Support ICT to develop new interfaces for the AMP (Airport Modernization Project).
Ensures the accuracy of the VAT criteria within all the books during the monthly closing process.
Creation and distribution of quarterly and monthly VAT Report

Qualification & Requirements:

Bachelor's degree in Finance discipline
Minimum 5-8 years of experience in a similar role in a similar or larger organization
Must be well equipped and knowledgeable of Oracle Receivables Module
Has excellent capabilities with MS Office programs