Confidential -
Company: Confidential –
WebSite: 6th of October, Giza, Egypt
Job Description:
Position Overview:
The AR (Accounts Receivable) Section Head is responsible for overseeing the accounts receivable team, managing customer payments, ensuring the timely collection of outstanding debts, and maintaining accurate financial records. This role involves coordination with other departments, leading the AR team, and implementing effective strategies to improve cash flow and reduce outstanding receivables.
Key Responsibilities:
• Lead and manage the AR team to ensure the timely and accurate posting of customer payments.
• Oversee the collection of outstanding debts and follow up on overdue accounts.
• Ensure proper application of payments to customer accounts and resolve discrepancies.
• Develop and implement strategies to minimize aging receivables and bad debts.
• Maintain accurate records of all AR transactions, ensuring compliance with company policies and accounting standards.
• Monitor customer credit limits and assess risk to avoid financial losses.
• Work closely with the Sales, Customer Service, and Finance teams to resolve issues and ensure accurate invoicing and payment.
• Prepare and submit regular reports on the status of receivables, aging reports, and cash flow forecasts.
• Assist in the preparation of financial statements and year-end audits.
• Identify opportunities for process improvements and recommend system or workflow changes to improve efficiency.
• Ensure compliance with internal controls and regulatory requirements related to accounts receivable.
Skills:
Job Requirements:
• Proven experience in accounts receivable, accounting, or finance roles, with at least 3-5 years in a supervisory or managerial position.
• A bachelor’s degree in Accounting, Finance, or a related field.
• Strong knowledge of accounting principles and AR management.
• Excellent communication and interpersonal skills.
• Proficiency in Microsoft Office, especially Excel, and accounting software.
• Analytical mindset with the ability to identify trends and solve problems.
• Strong organizational and time-management skills, with attention to detail.
• Experience working in a fast-paced environment, preferably within an FMCG or similar industry.
• Ability to lead a team, train staff, and promote a collaborative work environment.
• Strong negotiation skills for dealing with customers and resolving payment disputes.
Preferred Qualifications:
• A professional certification (e.g., ACCA, CPA) is a plus.
• Experience with ERP or AR management systems.
• Knowledge of industry-specific financial regulations and best practices.