Asst. Manager Payables/receivables

3 months ago


Dubai, United Arab Emirates Reliance Owners Association Management Services Full time

The **Asst. Manager Payables/Receivables** will oversee the collection efforts and delinquency controls of the company, ensuring money owed is billed and received correctly and promptly from clients and buildings being managed by the company.
- Oversee staff members and ensure the accurate and timely invoicing of customers.
- Set payment collection goals and targets for the department.
- Create and implement a strategy to improve the collection of outstanding credit.
- Implement collection policies and procedures to avoid excessive outstanding credit.
- Ensure that the company policy on recoveries is followed and that it is in line with state and federal regulations.
- Implement deadlines for invoicing and payment collection.
- Negotiate with customers in cases when non-payment occurs.
- Prepare monthly feedback reports on payment collections.
- Remain informed of any legislative procedural training regarding debt collection.
- Train and mentor staff members in the collections department.
- Scan ccurrent dated cheque/s for clearing, and if there is any PDC cheque due, scan for clearing
- Prepare ADCB cleared cheque/s to be collected by the courier and prepare cash for deposit
- Download bank statements and update in the Excel report and
- Reconcile/allocate receipts received in the bank and update the receipt register
- Prepare account summary especially for owners with multiple units upon request
- Update receivable for each portfolio
- Update other income payment
- Send notice/reminders for service charges (issuance notice, 15 days from the date of issuance, on the due date and after due date)
- Prepare or issue receipt (if payment receive through bank transfer and direct cheque deposit wait for bank statement)
- Move in / Move out policy
- Prepare name and shame/uncontactable list
- Prepare weekly collection
- Update contact details in Mollak whenever error encountered when sending invoice(s).
- Change new owner's name and contact details in the corresponding project once new title deed is received, and save a copy of the new title deed in the corresponding folder/building.

Pay: AED7,000.00 - AED8,500.00 per month

License/Certification:

- M100 (preferred)


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