bayt.com
Job Description
JOB PURPOSE:
As an (O2C) Accounts Manager in Group Finance Shared Service Centre (FSSC), he/she will focus on supporting the day-to-day activities of the O2C function whilst complying with organization’s policies and procedures and ensuring necessary checks and balances to mitigate risks through his team members:
This position will be responsible for the following.
- Ensure strong control and governance to the activities involved in Order to Cash process in compliance with company policies and procedures
- Drive further development and enhancement of the current process
- Ensuring daily/weekly/monthly partnering support to business operations are completed by O2C accountants such as Customer Refunds, DP transfer, Exceptional application of customer payments, Cancellations and Return, Passport Release, Rebates etc
- Review GL Reconciliations such as Revenue Control Accounts, Upsells, SMC, Warranty, F&I etc. periodically
- Ensure risks/exceptions / interface fallouts highlighted by accountants are resolved on a timely manner by performing review, reconciliation, escalations, and substantiation of O2C accounts and reports.
- Review Accounts Receivables and overdues position shared with business to facilitate their follow-up and collection activities
- Review customer accounts reconciliation carried out by accountants
- Review provision working for various risks including doubtful debts as per Policy
- Review and approve various accounting entries made by accountants such as refund, credit notes, debit notes
- Review and comply with the department check list for month end and year end book closing
- Identify standardization and automation initiates and drive as a project for cost saving
- Ensure Support with resolution of audit requests (internal and external) within the submission timelines
- Review GL Schedules from the Balance Sheet Substantiation perspective as per the group initiative
- Support management with ad-hoc reporting requirements
- Liaise with IT Team, System, Process & Compliance Team, Divisional Controlling Team, and various Business Units to resolve issues, escalations, projects, and other initiatives
- Conduct review meeting with business
- To play an active role in transition and integration when required.
KEY ACCOUNTABILITIES:
- Timely O2C partnering support to Business in day-to-day operations
- Review GL Reconciliations such as Revenue Control Accounts, Upsells, SMC, Warranty, F&I etc. periodically
- Daily collection control account monitoring and exception management
- Perform monthly / periodic reconciliation and substantiation of O2C accounts and highlight exceptions and related risks to the Business
- Preparation and circulation of periodic O2C exception reports & dashboards to stakeholders
- Perform assigned month end book closing tasks within O2C
- Computation of Provision for doubtful debts in accordance with Policy
- Identify and support process standardization and improvement initiatives to improve efficiency and quality of reporting for FSSC O2C processes
- Any other O2C activities assigned from time to time
Skills
JOB CONTEXT:
Job holder should possess a good understanding of accounting and financial principles.
He/ She should:
- Be able to apply the required day to day accounting controls as well as be vigilant to identify and flag risks in the day-to-day activities.
- Be able to provide meaningful analysis and data that would trigger appropriate action.
- Have a positive attitude and be able to communicate with various associates and teams to ensure that all issues related to O2C are resolved in a timely and proactive manner.
- Be collaborative, trustworthy, receptive to feedback, and eager to learn & support the O2C Team and Tower head in the various activities and initiatives within the O2C function.
QUALIFICATIONS, EXPERIENCE, & SKILLS:
Minimum Qualifications and Knowledge:
- Finance Graduate or Semi-qualified or Qualified or equivalent qualifications
- Good accounting knowledge
- Analytical as well as Process oriented
- Excellent communication and presentation skills
- Prior working knowledge in ERP systems (ex: SAP)
- Knowledge of Excel, Power Point and other Microsoft office tools
- Detail-oriented and organized
Minimum Experience: At least 2 to 5 years relevant experience within a large organization, with a good knowledge of ERP systems.
Behavioural Competencies:
- Organization: Must possess the drive to learn, prioritize and manage workload with minimum supervision
- Communication: Effectively communicate/liaise with internal/external contacts
- Team Player: Should enjoy working in a team and be able to solve problems and resolve issues in an amicable manner
- Should have interpersonal and delegation capabilities
- Should comply with Al Futtaim’s core values: Respect, Integrity, Collaboration and Excellence