Assistant Manager, General Accounting
2 weeks ago
Position Summary
Key Objectives:
- Proper A/R management and timely reporting. Accurate tracking of overdue accounts.
2. Complies with rule & process to maximize financial health.
3. Secure a stable financial condition through cross checking and inspection.
Role and Responsibilities
Position Responsibilities:
- Monitoring of incoming payment - ENBD, Citibank & KEB statements.
- Payment posting for ME customers
- Monitor and make sure that all incoming payments are accounted correctly
- Coordination and follow-up on payment details
- TT AR Clearing
- Monitoring of overdue status and providing daily cash flow details.
- Monitoring of overdue Reporting in SCES
- Coordination with the Banks for delayed payment.
- Weekly AR Aging report
- Managing the order block release request
- Sending AR Balance Confirmation - ME
- Updating AR Balance Details in SAP - ME
- Clearing Credit Notes Against AR
- Preparation of yearly credit insurance renewal
- Preparation of all required documents at the time of insurance claim
- Legal and insurance claim follow up
- Verification of new customer introduction documents including Financial statements
- Timely follow up and preparation of monthly A/R forecast file
Skills and Qualifications
Essential skills and experience:
Competencies: To perform the job successfully, an individual should demonstrate the following competencies to perform the essential functions of this position.
- Ability to manage colleagues, internal and external customers
- Professional Knowledge in Documentary Credits, Bank Guarantees
- Attained knowledge in Export and Import formalities through Experience
- Experienced in Banking Procedures with Skills in LC negotiation, Reimbursement, Handling Discrepancies etc.
- Understand customer’s payment term base on which shipping document need to be prepared and legalized, In depth knowledge in credit life cycle & local credit management
- Experienced professional with full understanding on specialized areas; resolves a wide range of issues in creative ways
- Works on problems of diverse scope where analyzing data requires evaluating identifiable factors. Demonstrates good judgement in selecting methods and techniques for obtaining solutions
- Normally receives little instruction on day-to-day work and receives general instructions on new assignments
- Typically requires minimum 5 years' of related experience and a Bachelor's degree, or 3 years and a Master's degree; or a PhD without experience
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