Head of Receivables

3 days ago

Manama, Manama, Bahrain Propel Consult Full time 30,000 - 60,000 per year
Company
Our client is a semi-governmental Aviation Company. The company has more than 600 employees in a vast number of divisions and departments. They are currently looking for a Head - Receivables (Finance) to be based in Bahrain.

Duties & Responsibilities:
  • Ensure accuracy of the non-aeronautical bills and their conformity with the billing schedules and credit terms agreed between the Commercial Division and the customers.
  • Monitor and manage the non-aeronautical bills are sent to customers and all amounts due are collected from all agencies.
  • Record and provide the status of outstanding receivables and highlighting past due accounts.
  • Review and take note and organize collection of doubtful debts and escalate to next levels for suitable actions.
  • Highlight, recommend and communicate what next steps to be taken to resolve billing anomalies.
  • Ensure accuracy of all aeronautical bills and their conformity with supplied aircraft movement details from Air Traffic Control.
  • Monitor and manage the aeronautical billing process by ensuring bills are sent to customers and all amounts due are collected from all local and international airlines and agencies.
  • Record and provide the status of outstanding receivables and highlighting past due accounts and doubtful debts.
  • Highlight, recommend and communicate the next steps to be taken to resolved billing anomalies.
  • To monitor and report to the Manager Receivables with schedules on amounts collected on behalf of and payable to Civil Aviation Affairs and Ministry of Transportation & Telecommunications to reconcile at the end of the month.
  • Review and approve the Receivables Aging Analysis report.
  • Send regular statements of accounts, reminder letters and notices to customers.
  • Initiate the recovery and remedial procedures as specified by the Company's policies and procedures.
  • Report and discuss status of the Receivable Aging Analysis report.
  • Maintain and amend reports with updates on past dues.
  • Track and maintain the listing actions taken to resolve outstanding balances with customers.
  • Continuously maintains good relations with company and its associate by regularly scheduling and covering the customer's queries.
  • Continuously train, advise and supervise the works of receivable teams
  • Generate, analyzing and correcting the Receivables report
  • Advice and review AR functions updates on all bank statements on a daily basis for direct payments or adjustments.
  • Monitor and ensure daily deposit of all cash and cheques to company's bank account.
  • Investigates and reviews all credit notes requests to rectify disputes with customers.
  • Review and sign off the details of the Receivables responsibilities in the monthly closing.
  • Establish and maintain the credit rating of customers.
  • Communicate with other functions in finance and commercial, especially on invoicing, budgeting and reporting on matters related to budget vs actuals and to highlight relevant info on revenue and receivables.
  • Manage & respond to the Auditors (internal, statutory and government) requirements queries.
  • Support Receivables Manager in preparing preliminary report/reply to audit findings (Internal / External Audit & National Audit court) for the Shared Services customers
  • Review the processes against best practices and set up the process for automation.
  • Provide inputs to the Manager Receivables to edit or set / reset the policy in accordance with directives from Management.
  • Highlighting and chasing amendment of variations and updates required in the Receivable policies and procedure manual.
  • Manage all new finance related projects for the company and its shared services customers as advised by the Management.
  • Provide, recommend and manage Finance related ICT projects. Align and gather all Finance requirements for ICT Projects and then streamline for the department.
  • Identify and note for charging model - Aero and Nonaero revenue of airports in the region and elsewhere.
  • Support ICT to develop new interfaces for the AMP (Airport Modernization Project).
  • Ensures the accuracy of the VAT criteria within all the books during the monthly closing process.
  • Creation and distribution of quarterly and monthly VAT Report
Qualification & Requirements:
  • Bachelor's degree in Finance discipline
  • Minimum 5-8 years of experience in a similar role in a similar or larger organization
  • Must be well equipped and knowledgeable of Oracle Receivables Module
  • Has excellent capabilities with MS Office programs

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