Lead Accountant

Job Summary

Lead Accountant leads AR Accounting function to ensure high quality and compliance. Primary purpose of this role is to make sure that dues from clients are received accurately and in a timely manner. This role ensures that there is no overdue according to agreements and contracts.

Job Responsibilities

Professional adherences

• Meet accounts receivable operational standards by contributing information to strategic plans and reviews; implementing production, productivity, quality, and customer-service standards; resolving problems; identifying system improvements.
• Comply with accounts receivable financial standards by providing annual accounts receivable budget information; monitoring expenditures; identifying variances; implementing corrective actions.
• Maintains financial security by adhering to internal accounting controls.
• Protect organization's value by keeping information confidential.
• Update job knowledge by participating in educational opportunities; reading professional publications and maintaining personal networks.
• Accomplish accounting and organization mission by completing related results as needed.

AR Management

• Oversee the collection of accounts by contacting customers; investigating circumstances of non-payment; negotiating and resolving conflicts; expediting payment.
• Support financial planning by forecasting cash.
• Update receivables by coordinating and monitoring daily sales order processing and bank remittance transactions.
• Maintain accounting ledgers by posting monthly account transactions.
• Accomplish accounting and organization mission by completing related results as needed.
• Ensure proper controls and system are in place for execution of sales in accordance with company's policies.
• Oversee the review of PO from salesmen for customer’s credit limit.
• Seek approval for orders from customers exceeding credit limit or Overdue Customers based on the DOA.
• Ensure that unblocking of customers is done as per company policies.
• Plan customer visits and keep regular check on sales team. Confirm customer balance; and identify doubtful and bad debts.
• Review all sales invoices are stamped from customers and generate reports on a weekly basis to the inventory accountant.
• Oversee the update of customers’ files.
• Oversee calculations and preparation of the credit note for customers as per agreed contracts. Seek approval and share the credit note with customer.
• Ensure accuracy and timeliness of data entry into ERP system and maintenance of all required supporting documents.
• Review petty cash on a daily basis and ensures its compliance with the policy.
• Prepare and share the overdue customers to the Sales and follow up the payments upon the collection plan.
• Prepare and share AR aging report every month or when requested.
• Assist in periodic audits of branch accounts, invoices, cashier and petty cash. Prepare reports and share with Head of Accounts.
• Perform periodic reconciliation of customer and company accounts.
• Ensure minimum of 10 Customer Audits perform in monthly basis and share the feedback/finding with AR manager. Highlight customer balance differences, reasons for delay payments ect.. if any.
• Ensure to complete the monthly balance confirmation of all GT/OOH customers and share the feedback with AR Manager in timely manner.

Team Management

• Set clear directions and review the work of accountants and cashier.
• Provide coaching and guidance to the team members.
• Support line manager in hiring, learning, career development, attendance & leave management, performance management, and all HR related concerns.

Job Requirements

• Bachelor’s degree in Finance and Accounting or Commerce.
• 8 years of experience in Financial Accounting and Accounts Receivable including at least 3 years of experience in a supervisory role at a reputed company.
• Proven Experience in the FMCG industry.
• Proficiency in written and verbal Arabic and English language.