Job Purpose:

The Accounts Receivable Executive is responsible for managing and overseeing the company's receivables, ensuring timely collection of payments, and maintaining accurate financial records. This role plays a crucial part in optimizing cash flow, strengthening customer relationships, and minimizing outstanding debts. By efficiently handling invoicing, payment follow-ups, and account reconciliations, the Accounts Receivable Executive supports the financial health and stability of the company.

Duties and Responsibilities:

Invoice & Payment Management

• Generate and issue invoices to customers for vehicle sales, rentals, and services.
• Ensure invoices are accurate and comply with contractual terms and tax regulations.
• Record payments received (O2R) from customers and allocated them correctly in the accounting system.
• Process credit notes, refunds, and adjustments as necessary.
  
  
  

Collections & Credit Control

• Monitor customer accounts to ensure timely collections and follow up on overdue invoices.
• Contact customers via phone, email, or in-person visits to remind them of outstanding payments.
• Coordinate with the sales and operations teams to resolve billing disputes or payment issues.
• Assess the creditworthiness of customers and recommend credit limits based on financial analysis.
  
  
  

Reconciliation & Reporting

• Reconcile accounts receivable ledgers and investigate discrepancies.
• Prepare aging reports and present updates on receivables status to management.
• Assist in month-end and year-end closing activities, ensuring accuracy in financial statements.
  
  
  

Compliance & Process Improvement

• Ensure compliance with UAE VAT laws and accounting standards.
• Maintain accurate records and documentation for audits and internal reviews.
• Suggest improvements to streamline receivables processes and enhance efficiency.
  
  
  

Skills required:

• Experience: 2+ years of experience in accounts receivable, preferably in the automobile industry or trading sector.
• Technical Skills: Proficiency in accounting software (SAP, Oracle, QuickBooks, or similar).
• Analytical Skills: Strong numerical ability and attention to detail.
• Communication: Excellent verbal and written communication skills for customer interactions.
• Problem-solving: Ability to resolve billing disputes and negotiate payment terms.
• Time Management: Ability to manage multiple accounts and meet collection targets efficiently.
  
  
  

Position Qualifications:

• ACCA Part Qualified, BBA, CA inter, ACMA Inter, B. Com