summary
Category
Administrative Positions
Type
Full time
Description
The Senior Receivable Accountant handles daily operations that shall monitor the amount due for services performed or products sold on credit or cash.
Senior Receivable accountant shall assure timely and accurate accounting of all sales functions across the university, responsible to collect past due accounts, responsible to monitor the age of each debtor account, and to assure high level of customer service on a quality and speedy manners.
Main roles & responsibilities
  • Report any possible & existing financial risk factors or financial loss.
  • Substantial involvement in the month-end and year-end closing activities.
  • Expertise in “Microsoft Dynamics GP” ERP system, in addition to “Banner System” and other popular learners/students related systems.
  • Prepare receivable reports such as monthly collection report, revenue report, postdated CHQs report, bad debts report, debtors ageing report, revenue versus targets analysis report, etc.
  • Cooperate and coordinate with internal and external Financial Auditors.
  • Check the credit limits for all registered debtors and customers.
  • Operate all learners’ financial accounts and transactions based on academic calendar.
  • Handle corporates’ and individual customer’s receipt voucher invoices according to the prior agreements, contract or purchase order, and maintain monthly statement of account for all customers.
  • Distribute the invoices and revenue to its related accurate accounts and according to the sold product / service nature.
  • Process all end of period closure activities related to accounts receivable, revenue accounts and collection from all payment channels.
  • Assure that all due invoices are collected on a timely basis, and all returned cheques are paid immediately.
  • Assure bank deposit of all collected cash, postdated cheques & current dated cheques.
  • Revise and verify all purchase orders received from customers and assure the alignments with university’s product prices, policies and procedures.
  • Strong technical experience in detailed reconciliations (modules and GL) using the most advanced excel features such as VLOOK-UP, complicated formula, etc.
  • Reconcile receivable and revenue general ledgers and customers’ accounts on monthly basis.
  • Reconcile bank module with receivable module on each month end.
  • Investigate financial complaints, disturbances and violations, and resolve problems, following management rules and regulations.
  • Follow up long aged receivables dues accounts and bad debts, and resolve all disputes.
  • Coordinate with Inventory to track delivery/ billing activities according to the completion of sales job.
  • Process scholarships and financial aid related decisions through updating learner’s accounts with proper accounting procedure.
  • Maintain all accounting aspects related to all types of discount that might be provided to customers.
Required qualification & skills
  • Minimum of 3 years of relevant experience directly related to the job duties. University experience is an advantage. 
  • Bachelor Degree in Finance, Accounting or any related field from an accredited University.
  • CIMA/CMA/ CFA/ ACCA certification is desirable. 
  • Well Developed Analytic and problem solving skills.
  • Excellent Decision Making Skills.
  • Experienced in and able to demonstrate proficiency with computerized accounts financial software applications.
  • Willing to work under different circumstances and pressure.
  • Self-motivated and creative.
  • Team player and ready to deal with diverse community.
  • Ability to work independently in high volume environment that requires efficient productivity, and ability to manage multiple priorities and deliver assignment on time.
  • Ability to exhibit poise, composure and confidence when confronting stressful or high pressure situations.
  • Patience, flexible and vision oriented. High degree of integrity, loyalty and dedication.
  • Excellent communication skills in both Arabic and English languages.
  • Proficiency in ERP / Computer Skills.