Accounts Receivable Supervisor
Full time
na Saudi Petroleum Services Polytechnic
no
Saudi Arabia
Publicado em December 24, 2024
Detalhes do emprego
The Accounts Receivable (AR) and Treasury Senior Accountant will play a critical role in managing the accounts receivable and treasury functions of the institution. With a focus on the education industry, the ideal candidate will have a minimum of 5 years of experience and be responsible for ensuring efficient cash flow, accurate tracking of receivables, and timely collections while adhering to local laws and regulations.
Skills
Accounts Receivable (AR) Management:
- Oversee the full Accounts Receivable (AR) cycle for the school, ensuring that tuition fees, activity fees, and other receivables are invoiced correctly and collected on time.
- Regularly review student accounts and follow up on outstanding balances, coordinating with the administrative team to ensure up-to-date records.
- Handle complex situations, such as scholarships and payment plans, while ensuring compliance with internal policies.
- Monitor and maintain accurate aging reports, ensuring the timely resolution of any discrepancies.
Aging and Bad Debts Provision:
- Prepare and review aging reports on a monthly basis, tracking overdue payments and taking action where necessary to minimize bad debt exposure.
- Develop and implement strategies for reducing overdue balances, including payment reminders and follow-up processes.
- Collaborate with legal and finance teams to ensure compliance with local laws concerning bad debt provisions.
- Work with external collection agencies, where necessary, to recover overdue amounts.
Collections and Compliance:
- Lead the collections process, working closely with parents, guardians, and sponsors to ensure all outstanding tuition and fee payments are collected in a timely manner.
- Ensure all collections are handled with cultural sensitivity and in alignment with the school's mission of providing educational access.
- Maintain up-to-date knowledge of relevant legal frameworks governing collections, debt recovery, and student-related financial transactions in Saudi Arabia, Bahrain, and the UAE.
- Coordinate with the finance team to align collections with cash flow forecasts and ensure adherence to financial policies.
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