Accounts Receivable Supervisor

1 week ago


Abu Dhabi, United Arab Emirates Inspire Selection Full time

Our government owned client in Abu Dhabi is looking for an experienced **UAE NATIONAL** Accounts Receivables leader, to fully set up the department and ensure it runs smoothly. This start-up business is growing very quickly already turns over multi $millions.

**Responsibilities**
- Develop and supervise the implementation of the Accounts Receivables (AR) guidelines, policies and processes, ensuring full alignment with revenue recognition principles under IFRS standards
- Responsible for achieving collection target every month and maintaining DSO as per the budget
- Develop dynamic credit policy and framework for credit department
- Develop and implement sound credit evaluation process with necessary documentation for all credit customers
- Setting up customer profile class and maintaining and controlling customers data master
- Develop MIS report for receivables and develop provisioning policy on bad debts
- Liaise with internal legal department and external lawyers to initiate legal cases on default customers
- Establish adequate controls for receivables and enable timely recovery of receivables to maintain adequate cash flows at all times
- Supervise the development of customer invoices and review the developed invoices to ensure all financials are as per the contract and agreement with the customers
- Oversee the implementation of controls to ensure that the authorized bank account is monitored on a daily basis for invoice related cheques and funds transferred
- Supervise the process of receiving and recording payments ensuring that all payments are recorded in the Accounts Receivables system in an accurate and timely manner
- Oversee the extraction of an AR aging report of the monthly receivables to determine potential delinquencies in the recoverability of receivables and related accounting provision to be booked if required
- Ensure the timely follow-up on overdue collections and receivables and liaise with relevant departments and senior management to facilitate the collection process as per the Collections Overdue Policy
- Supervise the development of the accounts receivable reconciliation report and provide the required reviews throughout the process of receivable reconciliation
- Monitor the Period-end Reporting process as per the Accounts Receivable Policies and Procedures
- Supervise the development of Customer Credit Risk Assessment and develop credit terms and limits for customers, based on the customer category
- Oversee the reporting of uncollectible revenues on a timely basis to the insurance provider to ensure the reimbursement of claims according to terms and conditions agreed with the insurance provider

**Requirements**:

- Accountancy qualification is preferred
- UAE National is preferred
- 7 years experience in AR / Credit Control with 3 years as a Supervisor / Manager.
- Excellent level of English



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