Accounts Receivable Accountant

Job description / Role

The Main Purpose of the role:
• To provide financial, clerical and administrative support. Ensure accurate receivable statement of account
The main areas of responsibility:
• Apply received cheques, cash& wire transfer from the customers against open and outstanding invoices. Verify and investigate any short payments after doing the reconciliation, and accordingly communicate with the customers for payments.
• Track, update and monitor LC/LG customers and proactively with sales team to request new LC/LG from customers. Maintain original LC and LG in secure area
• Reconcile receivable & Cash for Vending Machines & Fresh Market businesses
• Create & update customer master file by country, business channel and market segments.
• Visit customers to resolve disputes and maintain accurate records
• Conduct surprise van sales audits to confirm receivable balances
• Assess and review customer credit applications. Assess current customer limits and suggest block/unblock limits
• Maintain activity log of customer calls and correspondences as well as liaise with sales teams from businesses for non-routine credit issues such as in cases of promotions, rebates and marketing activities.
• Keep tab on the Del Monte aging report and delinquent account of customers through regular interactions with the sales teams from various business units. Ensure to decide and act upon the actions for such cases.
• Reconcile various accounts receivables subsidiary ledgers to General Ledger’s accounts. Generate and submit monthly statement of account to customers and ensure to follow-up for pending payments.
• Conduct regular audit for the customer master file and the ledgers. Recommend to the finance manager and management about inactive customers, credit amounts and other outstanding amounts.
• Review current and existing customers against US OFAC list and ensure compliance with statuary requirements
• Complete adhoc duties as requested
• Identify customers that may result in bad debts, and liaise with the legal department at Del Monte to launch a court case against them. Ensure to provide all necessary documentation to legal to support the case.
• Run the monthly provisions against the ageing of the receivables. Ensure year to date reserve is sufficient to cover any risk.
• Propose write off request for delinquent accounts and small amounts. Support the request with necessary documents. Obtain all necessary approval as per authority matrix.
• Conduct a regular meeting with the key customer accounts payable manager. Maintain an open communication channel and take a proactive approach towards resolving any disputes to avoid any delay of payment.
• Work with Del Monte SOP (Sales Order Processer) to ensure all changes to customer invoice, credit notes are entered properly into SAP
• Prepare and submit weekly & monthly reports for the local and export sales with the total outstanding amounts per customer and market segment
• Prepare and submit such other reports as may be requested for submission to the Finance Manager.
• Provide coaching and mentoring to the SOP & Archiving room staff and assist.
• Reviews performance of salesmen collections by evaluating the achievement of the KPI’s measured against the Balance Scorecard objectives (DSO target)

Requirements

Knowledge and Skills needed:
• General Accounting Background
• Knowledge of Accounts Receivables
• Accounting qualification
• Advanced Excel Skills
• Ability to prioritize and organize
• Flexible
• SAP

About the Company

Del Monte Foods (U.A.E) FZE is a part of Fresh Del Monte Produce, one of the world’s leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as a leading producer and distributor of prepared fruit and vegetables, juices, beverages, snacks and desserts in Europe, the Middle East and Africa. Fresh Del Monte Produce markets its fresh products worldwide under the Del Monte brand, a symbol of product quality, freshness and reliability for more than 120 years.