Team Leader - Accounts Receivables

Job description / Role

We are looking for a Team Leader - Accounts Receivables for our Dubai office located in Jumeirah Lake Towers. This individual will be responsible for leading the collection function and mentoring the team.

Key responsibilities will include but not limited to:
- Ensure accounts receivable and revenue processes are operated efficiently and effectively, and support business units activities in relation to those processes.
- Support the business by reducing review and processing time for all Revenue and Receivables transaction, i.e. refunds, Statement of Accounts and billing.
- Assist in implementing and monitoring strong internal control system and recommend any improvement required.
- Ensure clearing of any reconciling item resulted from revenue bank accounts reconciliation on timely basis.
- Implement all audit recommendations in revenue and receivable area on timely basis.
- Review and reconcile balances for revenue and receivables with GL on monthly basis and ensure no integrity issue is pending.
- Review and Post day to day A/R and revenue related accounting transaction ensuring:
- Adequacy of supporting documents,
- Proper authorizations are in place,
- Correctness and completeness of information recorded in the system
- Correctness and appropriate selection of the accounting treatment, and
- Proper selection of GL accounts and Billing Codes.
- Compute and record Doubtful Debts Provision on monthly basis in compliance with applicable financial policies and procedures and obtain approval on the same.
- Submit monthly consolidated financial key information related to A/R and revenue area.
- Supervise the monthly closing process and provide guidance to the team in order to meet the deadlines.
- Assist in other ad-hoc analysis, financial reporting and other various tasks related to areas of responsibility.
- Supervise and guide Revenue accounting teams across the organization in day to day routine activities and transactions.
- Payment follow up: Follow up of receivables from the customers on the due dates either through mail, fax or phone, to ensure timely collection of money so that cash flow as planned is met.

Requirements

- Minimum Education Qualifications - Bachelors degree in accounting or finance.
- Minimum of 5 years experience in A/R and Revenue Accounting.
- Minimum 2 years experience in a supervisory role.
- Arabic speaking candidates will be given preference for this role.
- Knowledge of local regulations relating to accounts receivable and revenue.
- Strong analytical skills and commercial sense.
- Initiative, detail oriented and self-motivated team player with ability to work under minimum supervision.
- Confident and ability to communicate effectively with people across all levels.
- Should possess excellent interpersonal and communication skills.
- Extensive knowledge in computer applications (especially MS Excel) and business solutions software skills.
- Experience in working with JDE is an advantage.

Desired start date: As soon as possible

This role is urgent so ideally looking for somebody immediately available or minimum notice period.

Competitive Salary & Benefits offered in line with industry standards.

About the Company

The year 1995 saw the inception of Petrochem Middle East FZE. We have since transformed the face of the regional petrochemical business and become one of the largest independent chemical distributors in the Middle East.

Petrochem has built one of the most modern, state-of-the-art distribution terminals in Jebel Ali. This facility includes bulk Storage Sea fed tanks, dedicated drum storage facilities, four fully automated drumming lines and a separate dry goods storage area. The terminal adheres to the strictest of health and safety norms and is environment friendly, making sure all operations upkeep the health and safety of its personnel.

We began operating from one office in the Jebel Ali Free Zone, Dubai, but rapid developments and a focused vision have ensured Petrochem’s global expansions. We currently have offices in Dubai, Jebel Ali, Shanghai, Antwerp and London. We also have an office and distribution facilities in Singapore, India and United Arab Emirates.

We are an ISO 9001:2008 company and also have ISO 14001:2004 and OHSAS 18001:2007 accreditations.