Head of Collections

Kearney; Saudi Arabia; On-site; SAR 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a Head of Collections to lead a dynamic team in Riyadh. This pivotal role involves strategizing to enhance invoicing and collections processes, ensuring timely payments, and managing a talented group of specialists. The ideal candidate will possess extensive experience in accounting, strong leadership skills, and a deep understanding of financial regulations. With a focus on collaboration and excellence, this position offers a unique opportunity to make a significant impact in a global environment. Join a forward-thinking organization that values diversity and fosters professional growth.

Benefits

Generous retirement/pension contributions

Comprehensive medical insurance

Learning and development opportunities

Personalized career journey support

Qualifications

• 7+ years of experience in Big 4 or management accounting.
• Strong knowledge of budgeting and financial modelling.
• Experience with regulatory compliance and accounting standards.

Responsibilities

• Lead a team to improve invoicing and collections.
• Develop strategies to decrease DSO.
• Interface with partners and manage financial planning.

Skills

Accounting and Finance

Analytical Skills

Financial Modelling

Regulatory Compliance (IFRS)

Team Management

Communication Skills (English and Arabic)

Education

University degree in Accounting and Finance

Chartered Accountant Qualification (ACA, ACCA, CIMA, CPA)

Tools

SAP

Microsoft Office Suite

Job description

Kearney, Head of Collections, Riyadh Office

About the job

As the Head of Collections in our Riyadh office, you will lead a team of 3 specialists and impact our invoicing and collections activity in the Kingdom. You will build a clear strategy, have weekly transparency on team objectives, know who to speak with and how to get payment blockages unlocked. We need an experienced hire who is a self-starter, KSA and a true professional committed to delivering an improvement in our DSO. This means we invoice quicker and get paid on time.

The position reports directly to the ME Financial Controller and functionally to the Head of Client Finance & Operations. The position also works closely with Finance teams in Dubai, South Africa, Turkey, London, and Chicago; as well as other local functions such as HR, Staffing, Office Management, and Legal.

Key responsibilities

Working Capital:

• Improve our WIP/AR routines with a view to driving a decrease in our DSO.
• Micromanage processes, both internal and external, to drive the invoicing of our WIP and the collection of our AR on time.
• Decide how your team will spend their week. Have 100% transparency on the portfolio of balances. Strategize pathways to payment by either using the project teams as a lever or visiting the client.
• Interface with partners on project teams. Pressure test explanations and drive change proactively.
• Create your own reporting environment that gives your team and line managers the transparency on what everyone is working on and where we are struggling with recommended paths for escalation.
• Decide on collection targets for the team; support them in their efforts, raise the pressure on process points where needed. Be resilient in your quest to deliver results and raise the bar.
• Provide counsel to your finance counter parts on how to structure things better. Use your experience to develop best practice.
• Be a true team leader. Motivate your colleagues and develop a culture of excellence. Leadership is relying on you to drive your plan without oversight.

Management

• Providing support, information, and solutions on financial topics relevant to the region partners
• Supports financial planning and forecasting, reporting and other analysis for KSA.
• Consults and advises management on financial issues, business development, compliance, risk management.
• Supporting Strategic Middle East Initiatives, e.g., around cost optimization/localization in KSA, new full market entries and acquisitions
• Manages, coaches, develops, and evaluates the Middle East Finance team.

Who you are

After nearly 100 years, we know this business is fundamentally about making connectionsbetween facts, figures, insights, strategies, tools, technologies and above all, people. That's why, we look for proactive, positive, and flexible individuals who are always unapologetically their unique selves.

We want to hear from you if you:

• Have a university degree or equivalent in Accounting and Finance and have a chartered accountant qualification such as ACA, ACCA, CIMA, CPA
• Have a minimum 7 years of Big 4 and / or management accounting management experience in a sizeable global organization in the Middle East region.
• Have a strong knowledge of general ledger and subledger activities, budgeting, and financial modelling.
• Have strong accounting, analytical, numerical and structural skills
• Have Strong knowledge of regulatory compliance and accounting standards -IFRS a MUST. Local GAAP (among ME countries) an advantage
• Possess good knowledge of audit and tax
• Have a good understanding of modern accounting software systems and workflow, ideally SAP. SAP R3 financial application experience preferred.
• Have team management experience.
• Possess strong excel skills and a good working knowledge of the Microsoft Office Suite.
• Have a strong command of verbal and written communication skills in English and Arabic.
• Are commercially minded and are willing to be hands on where necessary in various areas of the accounts but also able to operate effectively amongst consultants.
• Have strong organization skills
• Are robust and determined individual with a relentless approach
• Are a team player, but has the ability to work independently
• Are a self-driven, highly motivated team player who understands the implications of collaborating in a truly global environment
• Have an ability to maintain highest degree of precision even under significant time pressure

What we can offer you

Every day, our people work to be the difference for our clients, our communities, and our colleagues. Helping them to make an impact, they are sustained by a competitive remuneration package plus comprehensive benefits and perks, including but not limited to:

• Generous retirement/pension savings contributions
• Comprehensive medical insurance for employees and their families
• Structured and on-the-job learning and development opportunities
• Personalized opportunities to help you chart a unique career journey to pursue your own personal and professional goals

Learn more at Kearney.com/careers.

Apply now. Submit your cover letter, CV (.doc or .pdf format only) via our website.

Equal employment opportunity and non-discrimination

Kearney prides itself on providing a culture where our employees belong and thrive equally, which means our people feel comfort, confidence, and joy as they do great things for our firm, our colleagues, and our clients. That's why Kearney is committed to building a diverse workforce and inclusive environment. Kearney is an equal opportunity employer; we recruit, hire, train, promote, develop, and provide other conditions of employment without regard to a person's gender identity or expression, sexual orientation, race or ethnicity, religion, age, national origin, disability, marital status, pregnancy status, veteran status, genetic information, or any other differences consistent with applicable laws. This includes providing reasonable accommodation for disabilities or religious beliefs and practices. We encourage everyone to apply, including those who may not feel historically represented in consulting.