Accounts Receivable Specialist: LC & Reporting

LG Electronics, Inc.; Dubai; On-site; AED 60,000 - 120,000; Full time

Job summary

LG Electronics, Inc. in Dubai is seeking an Accounts Receivable Assistant to support day-to-day AR activities, ensure accurate customer accounts, and manage collections and LC documentation.

You will collaborate with Sales, Order Desk, Supply Chain, and Finance to optimize cash flow and reduce overdue receivables. The role also covers LC coordination, online business reconciliation for D2C channels, and regular reporting with a focus on accuracy and controls.

Responsibilities

• Follow up with customers on payment plans, outstanding and overdue payments.
• Escalate overdue accounts, delayed commitments, and collection risks to the reporting manager.
• Maintain accurate and up-to-date customer accounts & correspondence, collection records and accounts receivable records.
• Prepare and share customer statement of account (SOA) on weekly basis.
• Record and allocate customer payments against outstanding invoices.
• Monitor outstanding balances & overdue accounts.
• Prepare daily AR Aging report
• Support month-end AR closing, reconciliation, and reporting activities.
• Reconcile customer statements and resolve account discrepancies involving invoices, payments, credit notes, deductions, and customer balances.
• Support documentation for credit notes, deductions, claims, returns, and payment adjustments.
• Assist with customer balance confirmations and audit requests when required.
• Maintain an updated LC register covering required details of LC
• Co-ordinate with customers, sales and banks for LC advise and register advised LC in system
• Verify customer LCs against agreed clauses and coordinate amendments where required.
• Coordinate with sales, order management, customers, and banks to ensure timely submission of documents for collection.
• Preparing cover letter and Bill of exchange for document negotiation.
• Follow up with banks for document acceptance, payment confirmation, and realization of funds upon maturity.
• Monitor upcoming LC maturities and follow up on overdue or delayed payments.
• Track discrepancies in LC documentation and coordinate with relevant departments for timely resolution.
• Reconcile LC collections against customer accounts, bank statements, and outstanding receivables.
• Manage and monitor collections against Usance Letters of Credit received from customers.
• Prepare regular reports on LC collections, outstanding amounts, upcoming maturities, and overdue payments.
• Maintain complete documentation and records of LC transactions for audit and internal review.
• Escalate potential collection delays, discrepancies, and payment risks to the reporting manager.

Job description

LG Electronics, Inc. in Dubai is seeking an Accounts Receivable Assistant to support day-to-day AR activities, ensure accurate customer accounts, and manage collections and LC documentation.

You will collaborate with Sales, Order Desk, Supply Chain, and Finance to optimize cash flow and reduce overdue receivables. The role also covers LC coordination, online business reconciliation for D2C channels, and regular reporting with a focus on accuracy and controls.