Cash Collection Manager – Amman / Cairo

22 يونيو، 2022

0 60 5 دقائق

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Job Description

Description:

At PwC, we measure success by our ability to create the value that our clients and our people are looking for. Our reputation lies in building lasting relationships with our clients and a focus on delivering value in all we do. We’re a network of firms in 158 countries with more than 236,000 people who are committed to delivering world-class capabilities and quality in assurance, tax and advisory services.

Established in the region for 40 years, PwC Middle East employs over 4,200 people across 12 countries. Complementing our depth of industry expertise and breadth of skills is our sound knowledge of local business environments across the Middle East region. Our tailored solutions help our clients meet the challenges and opportunities of doing business in the Middle East market and beyond.

Job Description & Summary:

Support the TLS Finance lead and take ownership of the managing billing and collection according to the billing and collection terms, focusing on outstanding invoices while enforcing company policy.

Maintain controls over billing to clients and interoffice, credit notes, write offs, and take ownership to get disputes sorted by the respective teams.

Maintain records of Letter of Guarantees issues in TLS, keep records of the status of each, ensure it is collected once the projects are completed.

Lead self and others to achieve the healthy working capital and meet the TLS targets, build a lead team as required with clear roles, responsibilities and KPIs, and provide the required guidance and coaching to the team members

Manage, coach, and guide team members

Primary duties and responsibilities

Financial:

A good understanding of billing and collection process & terminology.
Analyse receivables and debt ageing on a regular basis by Market/Network & Partner and have the required discussions with the respective teams to bring days to the agreed target.
Focus on all long outstanding invoices highlighting exposure early to avoid provision charges.
Regular review and follow up to collect and clear all balances in provision.
Review of debts on a regular basis and in line with the firm's policy. Any write offs are communicated to the TLS Finance Lead/Market Leads on a regular basis.

Customer:

Interface across all levels on an engagement project (partners and managers).
Workcloseley with TLS Cluster & Central finance and act as a single point of contact
Ensure a high quality, timely, consistent delivery of service.
Build a strong business relationship with Client facing, Finance and Operation teams across ME

Internal Process:

Confident in using systems & tools
Lead in discussions with Engagement Teams
Agree targets and communication
Liaise with business leaders and central finance

Collections and AR Management:

Build and maintain records of debtors' billing and collection terms, and channels of raising and communicating the bills to clients to ensure no delay caused by following a wrong process or communication channels.
Build and maintain billing schedules and follow up with respective teams to ensure billing on time, and prepare monthly billing and collection plans.
Analysis of debt aging by Market, Client and Industry, monitor the days of receivables and have the required discussions with the respective teams to bring days to the agreed target.
Responsible to follow up with all parties (client engagement team, operations support, other LoS, interoffice, clients) to ensure timely collections of receivables before being overdue & hit the monthly target, summarise any issues and follow up to ensure all actions are taken on time.
Responsible for managing and controlling all interoffice bills, ensuring all are settled in accordance with the firm’s policy, ensure adequate actions taken to clear any disputes and escalate any overdue balances that are not settled.
Responsible for building and maintaining strong relationships with key clients with the support of the engagement teams, to ensure smooth and ease follow up and collection process.
Control write off process, ensure firm policy is applied, ensure agreed recovery efforts taken before taking any write off.
Maintain all data related to cash collection and meet with the respective teams on a regular basis to update the data and prepare cash flow projection, and forecast the impact on the provisions and revenues.
Monthly review of CN, investigate the reasons behind it, and summarise the impact of it, analyse the CN by client, Partner, etc, and agree the required controls to reduce its volume.
Ensure all received comments are updated on iPower through AR note by coordination with the responsible FinTech team.
Maintain records of all back to back agreements within PwC, ensure billing raised when approved from the other side and collected accordingly. And monitor cash collections for back to back agreements to confirm when we should bill our share
Prepare a monthly report for cash collection performance, challenges, achievements and focus areas.
Prepare historical analysis on clients that are not paying or time or have regular write offs.
Maintain records of any post-dated cheques with the date of settlement to ensure it is cleared on time.
Review of all Bank Guarantee Letters and ensure proper process is placed cancelling or extending guarantees on engagement and coordinating with the firms treasury team as required.

Monthly Reporting:

Prepare monthly cash flow projection, forecast the impact on the provisions and revenues
Provide an in depth analysis and commentary on the expected provision impact and cash collection
Prepare a monthly report for cash collection performance, challenges, and focus areas
Review historical habits of clients analysing slow or non paying clients or those with regular write offs
Ad hoc reporting

Learning & Growth

Act as a key resource and liaison to other areas of the business, building cross-team relationships as needed
Keep connection with other LoS Finance & Operations team, as well as cash collection teams

Knowledge, skills, and abilities

Education:

Bachelor’s Degree in Business Administration, Accounting, Finance Banking, treasury, or related field required

Language:

Fluency in spoken and written English and Arabic

Overall Experience:

At least 3+ years of experience in a similar managerial role with proven experience managing a cash collection team.

Specific Experience:

Demonstrated experience with cash collection and accounts receivable background
Experience in enforcing cash collection process across a region
Experience in collection of old debts using different techniques

Technical Skills:

Strong financial, analytical and accounting skills
Advanced Microsoft Excel skills
In depth knowledge of financial operations and processes, including cash collection and AR reporting would be advantageous.

Soft Skills:

Communication with impact
Task oriented & ability to set priorities in line with the strategy
Good organisation, project management, and time management skills to ensure coverage of workload
Thoroughness, accuracy, eye for detail, and proactivity.
Skilled in maintaining relationships with external and internal parties at different levels in different locations and roles
Excellent people management skills
Excellent negotiation skills
Excellent customer service skills
Strong decision making skills
High commitment, punctuality and respect of deadline
Strong work ethic Ethical Conduct