Cash Collection Manager

  • الراتب:
    قابل للتفاوض
  • نوع الوظيفة:
    دوام كامل
  • تاريخ النشر:
    شهرين مضت
  • التصنيف:
    وظائف المحاسبة والمالية
  • آخر موعد للتقدم:
    2022-08-11
  • اللغات:
    العربية, الانجليزية
  • الجنس:
    الجنسين

Job Description & Summary

Support the TLS Finance lead and take ownership of the managing billing and collection according to the billing and collection terms, focusing on outstanding invoices while enforcing company policy.

Maintain controls over billing to clients and interoffice, credit notes, write offs, and take ownership to get disputes sorted by the respective teams.

Maintain records of Letter of Guarantees issues in TLS, keep records of the status of each, ensure it is collected once the projects are completed.

Lead self and others to achieve the healthy working capital and meet the TLS targets, build a lead team as required with clear roles, responsibilities and KPIs, and provide the required guidance and coaching to the team members

Manage, coach, and guide team members

Primary Duties And Responsibilities

Financial

  • A good understanding of billing and collection process & terminology.
  • Analyse receivables and debt ageing on a regular basis by Market/Network & Partner and have the required discussions with the respective teams to bring days to the agreed target.
  • Focus on all long outstanding invoices highlighting exposure early to avoid provision charges.
  • Regular review and follow up to collect and clear all balances in provision.
  • Review of debts on a regular basis and in line with the firm’s policy. Any write offs are communicated to the TLS Finance Lead/Market Leads on a regular basis.

Customer

  • Interface across all levels on an engagement project (partners and managers).
  • Workcloseley with TLS Cluster & Central finance and act as a single point of contact
  • Ensure a high quality, timely, consistent delivery of service.
  • Build a strong business relationship with Client facing, Finance and Operation teams across ME

Internal Process

  • Confident in using systems & tools
  • Lead in discussions with Engagement Teams
  • Agree targets and communication
  • Liaise with business leaders and central finance

Collections and AR Management

  • Build and maintain records of debtors’ billing and collection terms, and channels of raising and communicating the bills to clients to ensure no delay caused by following a wrong process or communication channels.
  • Build and maintain billing schedules and follow up with respective teams to ensure billing on time, and prepare monthly billing and collection plans.
  • Analysis of debt aging by Market, Client and Industry, monitor the days of receivables and have the required discussions with the respective teams to bring days to the agreed target.
  • Responsible to follow up with all parties (client engagement team, operations support, other LoS, interoffice, clients) to ensure timely collections of receivables before being overdue & hit the monthly target, summarise any issues and follow up to ensure all actions are taken on time.
  • Responsible for managing and controlling all interoffice bills, ensuring all are settled in accordance with the firm’s policy, ensure adequate actions taken to clear any disputes and escalate any overdue balances that are not settled.
  • Responsible for building and maintaining strong relationships with key clients with the support of the engagement teams, to ensure smooth and ease follow up and collection process.
  • Control write off process, ensure firm policy is applied, ensure agreed recovery efforts taken before taking any write off.
  • Maintain all data related to cash collection and meet with the respective teams on a regular basis to update the data and prepare cash flow projection, and forecast the impact on the provisions and revenues.
  • Monthly review of CN, investigate the reasons behind it, and summarise the impact of it, analyse the CN by client, Partner, etc, and agree the required controls to reduce its volume.
  • Ensure all received comments are updated on iPower through AR note by coordination with the responsible FinTech team.
  • Maintain records of all back to back agreements within PwC, ensure billing raised when approved from the other side and collected accordingly. And monitor cash collections for back to back agreements to confirm when we should bill our share
  • Prepare a monthly report for cash collection performance, challenges, achievements and focus areas.
  • Prepare historical analysis on clients that are not paying or time or have regular write offs.
  • Maintain records of any post-dated cheques with the date of settlement to ensure it is cleared on time.
  • Review of all Bank Guarantee Letters and ensure proper process is placed cancelling or extending guarantees on engagement and coordinating with the firms treasury team as required.

Monthly Reporting

  • Prepare monthly cash flow projection, forecast the impact on the provisions and revenues
  • Provide an in depth analysis and commentary on the expected provision impact and cash collection
  • Prepare a monthly report for cash collection performance, challenges, and focus areas
  • Review historical habits of clients analysing slow or non paying clients or those with regular write offs
  • Ad hoc reporting

Learning & Growth

  • Act as a key resource and liaison to other areas of the business, building cross-team relationships as needed
  • Keep connection with other LoS Finance & Operations team, as well as cash collection teams

Knowledge, Skills, And Abilities

Education

  • Bachelor’s Degree in Business Administration, Accounting, Finance Banking, treasury, or related field required

Language

  • Fluency in spoken and written English and Arabic

Overall Experience

  • At least 3+ years of experience in a similar managerial role with proven experience managing a cash collection team.

Specific Experience

  • Demonstrated experience with cash collection and accounts receivable background
  • Experience in enforcing cash collection process across a region
  • Experience in collection of old debts using different techniques

Technical Skills

  • Strong financial, analytical and accounting skills
  • Advanced Microsoft Excel skills
  • In depth knowledge of financial operations and processes, including cash collection and AR reporting would be advantageous.

Soft Skills

  • Communication with impact
  • Task oriented & ability to set priorities in line with the strategy
  • Good organisation, project management, and time management skills to ensure coverage of workload
  • Thoroughness, accuracy, eye for detail, and proactivity.
  • Skilled in maintaining relationships with external and internal parties at different levels in different locations and roles
  • Excellent people management skills
  • Excellent negotiation skills
  • Excellent customer service skills
  • Strong decision making skills
  • High commitment, punctuality and respect of deadline
  • Strong work ethic Ethical Conduct

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