Manager - Accounts Receivables

Shamal Holding; Dubai; On-site; AED 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a dynamic Manager for Accounts Receivables to lead the financial operations. This role involves overseeing invoicing, managing customer relationships, and ensuring timely collections. The ideal candidate will have a strong background in finance, particularly in the real estate sector, and will be responsible for implementing operational efficiencies and enhancing team performance. Join a forward-thinking company that values innovation and teamwork, and make a significant impact on financial processes while fostering a collaborative environment.

Qualifications

• 7-8 years of finance experience, preferably in real estate.
• Strong understanding of accounts receivable processes and policies.

Responsibilities

• Oversee timely invoicing and collection processes.
• Coordinate with business units for accurate financial reporting.
• Provide training and guidance to the accounts receivable team.

Skills

Accounts Receivable Management

Invoicing

Customer Relationship Management

Financial Reporting

Team Leadership

Operational Efficiency

Problem Solving

Education

Graduate in Accounting/Finance

CA/ACCA preferred

Tools

Salesforce

Oracle Fusion

ERP Systems

Job description

Shamal Holding is a diversified investment firm that cultivates the extraordinary. Born in Dubai, we curate a unique portfolio of extraordinary investments, experiences and assets to generate meaningful outcomes. The investments we make are strategically chosen and thoughtfully nurtured, mirroring Dubai’s ambition, spirit and energy. As a global investor, asset owner and developer we utilise our resources, know-how and connections, to deliver long-term value, wherever we operate.

As Shamal Holding continues to grow, we’re in search of a Manager - Accounts Receivables. In this role you will manage the account receivable function, develop policies, drive the improvement in processes and collaborate with other departments and management companies. This includes managing the collection process closely with the business units, ensuring timely billing along with team supervision.

Responsibilities:

• Oversee timely and accurate invoicing to customers.
• Follow up with customers and business units on the sales reports submission.
• Ensure to review the agreements and bill the Ad hoc charges to customers.
• Review the bank reconciliation and take the necessary actions.
• Ensure customer refunds are calculated accurately, as per policy and DOA for all shamal BU’s including sales.
• Review and report the Accounts Receivables aging for MIS after coordination with BU on the updated comments.
• Coordination with all the BUs (in UAE and overseas) on the write off entries and provide the necessary justification to Chiefs/directors of each BU to make the decision.
• Assess provision for doubtful debts and provide recommendation after coordination with BUs.
• Ensure cheques are timely deposited and collection is timely and correctly applied.
• Review unapplied receipts on a regular basis.
• Liaise with the respective BUs and customers on Collection and follow up weekly after checking the bank statements.
• Liaise with DHRE/ H&H/Mulkiti/Cushman for collection and sales reporting.
• Support the management companies with their daily requests.
• Handle and provide submissions of escrow audit.
• Familiar with Sales force and Oracle Fusion.
• Familiar with the escrow rules for collection under RERA regulations and TAS system (Trust Account System).
• Review the revenue recognition and the accruals.
• Reconciliation review of AR subledger balance vs Trial Balance.
• Review the GL schedules and take the necessary actions for cleaning up the long outstanding balances.
• Verify the Management Fees of DHRE, H&H and preparation of Royalty fees schedule.
• Identify and implement operational efficiencies and control measures.
• Provide the training and guidance to the AR team on the sales process new in Shamal.
• Support the sales team in the daily activities and provide suggestions on the sale process and feedback on the necessary actions.
• Address the high priority customer issues.
• Collaborate with other departments (sales, IT, Legal, AM) to optimize processes. Take Proactive improvement that will help to automate tasks for BU which will have a positive impact on AR balances.
• Review of Vat Register, Cash payments and Ad hoc reports to stakeholders.
• Review the cheques and recall requests from all BU’s and follow up on the replacement.
• Work on introducing ERP for sales function and for specific projects.
• Maintain trackers for the sales details that can help in the preparation of reports to management (in the absence of a system).

People Management Responsibilities:

Performance Management:

• Setting performance expectations and goals and conducting regular performance evaluation.
• Providing feedback and coaching to team members.
• Addressing performance issues and implementing improvement plans.

Training and Development: identifying training needs within the team.

Communication: conducting regular team meetings and communicating organizational goals and changes.

Team Building: organizing team-building activities.

Delegation: assigning tasks and responsibilities to team members.

Succession Planning:

• Identifying and developing potential future leaders.
• Implementing strategies to ensure a smooth transition during role changes.

Minimum Qualifications & Experience:

• Graduate in Accounting/Finance: CA/ACCA (Chartered Accountant /Association of Chartered Certified Accountants) preferred.
• Minimum of 7-8 years experience in finance with Preferred experience in the real estate industry.

For more information about Shamal, please visit our LinkedIn page: https://www.linkedin.com/company/shamalholding/

Note:

Due to a high influx of profiles, only shortlisted candidates will be contacted.