Finance & Collections Executive – OA & Escrow

Careers at UAE; Dubai; On-site; AED 120,000 - 180,000; Full time

Job description

Executive – Finance

Job Purpose: Execute the entire service charge Invoicing / Collection Process, Payment to Service providers/ Local Authorities payment on behalf of the OA/Support/Supervise, raise legal cases for non-payment, in-charge of escrow account of OA’s. Ensure all activities related to finance is billed and received correctly and in a timely manner

Key Accountabilities

• Daily/monthly receive allocated customers to proceed with collection and ensure proper supporting documentation, & approvals
• Ensure the daily collection update report are prepared
• Ensure the Monthly collection targets are met
• Provide Monthly report with Collection results
• Safekeep PDC’s received and ensure deposit the same on due date.

Job Description

• Perform calls to the customers, influence, negotiate and persuade the customers to pay the outstanding payments
• Follow up with the customers for the payments transfer copy, cheque, etc.
• Arrange the meetings with the customers to assist with their queries, issues, requests, for payment collections
• Keep accurate and detailed records fo the calls made, and results achieved
• Create a list of people who have not made payments
• Escalate cases to RDC for legal recovery
• Send individual payment reminder and emails
• Assure the accuracy of all sorts of vouchers and compliance with established accounting principles and procedures
• Liaise with the banks and ensure that the accounts are operated in a timely and accurate manner.
• Identify discrepancies based on reconciliation and determine cause of the same
• Provide external and internal Auditors with the required documents for the audits and approval with RERA
• Comply with the RERA regulations and requirements with regards to service charges invoicing and financial matters
• Ensure VAT filings

Minimum Education

Bachelor’s degree in accounting with inter.CA/CPA/CMA preferred.

Knowledge & Technical Skills

• Excellent understanding of RERA regulations
• Good communication skills, both verbal and written and ability to communicate with the customers and other stakeholders
• Knowledge of Community Management and experience will be an added advantage.
• Knowledge of VAT filings and Mollak invoicing/Financial Software experience will be an added advantage.
• Bank reconciliation and knowledge to handle Escrow bank accounts will be an added advantage
• Accounting and Reporting
• Numerical and Analytical
• Strong technical accounting knowledge
• Financial reporting and budgeting know-how
• VAT Reporting Know-how
• Accounting and Finance Systems & Software
• PC Knowledge – MS Office
• Language Proficiency – Arabic and English

Minimum Experience

Minimum 5 years of experiences in Owner’s Association Accounting / Collections and working experiences in Mollak, OA Softwares.

LocationDubai, UAE