IFS - Finance - Account Receivable Associate

Job description / Role

IFS - Finance - Account Receivable Associate - Lebanon - 12 Months

Line of Service
Internal Firm Services

Specialism
IFS - Finance

Management Level
Associate

Job Description & Summary
A career in Finance, within Internal Firm Services, will provide you with the opportunity to help PwC in all aspects of our Finance internal function including financial planning and reporting, data analysis, and assisting leadership with overall strategy. You'll focus on recording and analysing financial transactions, paying and receiving invoices, maintaining financial statement ledger accounts, and preparing analysis and reconciliations of bills to detect fraud.

Our Accounts Payable and Receivable team is responsible for performing collections activity and payment of debt activity. You'll focus on working with senior individuals to review and produce reports related to the accounts receivable and accounts payable accounts that will assist PwC in achieving monthly collection target amounts as well as ensuring timely payment of vendor invoices.

The AR Associate is a junior individual within the Finance & Accounting function. The team sits within the Finance Shared Services Centre in Beirut delivering end to end AR activities for all regional entities in PwC ME, and Strategy&.
The role main functionality is to ensure that all the allocation activities within ME are completed on time and according to the approved processes. The role ensures adherence of the function to PwC approved accounting principles, established procedures, departmental guidelines, and regulatory requirements applicable to the work. We would like to hear from individuals with one to two years of experience within an Accounts Receivables or accounting function.

Candidate profile
An organized, meticulous and motivated Accounts Receivable Associate to participate in increasing the department accuracy and efficiency. The Accounts Receivable Associate will maintain accurate and complete records regarding the allocation of collection, and communicate with the PWC ME stakeholders. The successful Accounts Receivable Associate should be focused on optimizing functional processes and building lasting relationship with others within and outside of the business. You should be knowledgeable, analytical, and meticulous with excellent communication skills to support the Shared Services Centre Leader, functional managers and PWC stakeholders.

Primary duties and responsibilities
• Responsible for Accounts Receivable allocations for selected countries within ME region.
• Assisting in AR reconciliations.
• Direct liaison with junior and senior individuals within the business.
• Assisting the business and specifically the AR function to achieve monthly targets and KPIs.
• Assisting in producing regular reports to senior management on the status of the accounts receivable ledger.
• To participate by pitching ideas for improving the whole process of cash allocation.
• Respond to ad-hoc requests in a timely manner.
• Review any unallocated balances on weekly basis.
• Raise requests to correct discrepancies in AR journals.
• Periodically make the reconciliations for AR statements, ensuring optimization as per policy.
• Maintain good working relations with Line of Service Finance Business Partners to ensure accurate and timely allocation of the collected funds.
• Participate effectively in the monthly closing activities for Accounts Receivable Team. Works with other teams to resolve any closing issues.
• Make sure to meet all set deadlines.
• Adhere to PwC approved accounting standards and principles.
• Adhere to the applicable Policies, Procedures and Processes.
• Communicate and safeguard them when needed
• Responsible for the continuing professional development of self.

Requirements

Knowledge, skills, and abilities

Education
• Bachelor's Degree in Business, Accounting, Finance or related field required with at least 1 year of experience.
• MBA or Professional Accounting Qualification (CPA, ACCA) are a major plus.

Nationality
• Lebanese Nationals.

Language
• Fluency in written and spoken English required, proficiency in Arabic preferred.

Overall Experience
• 1 to 2 years of accounting experience role, preferably focused on AR function.

Knowledge and Skills
• High level of analytical ability.
• Understanding of general accounting standards and practices.
• Knowledge of internal controls and segregation of duties within finance and accounts.
• Organization, thoroughness, eye for detail.
• Strong written and verbal communication skills.
• Time management skills and proactivity.
• Good organisation skills.
• Good problem solving skills.
• Capability to work well in a team and under pressure.
• Strong work ethic.

About the Company

At PwC Middle East, we've set out an ambitious purpose and strive to live it everyday: to solve important problems and build trust in society.

We're a community of solvers that come together in unexpected ways to build trust and create sustained outcomes. We solve important problems, support one another as we grow, develop and build fulfilling careers.

PwC provides industry-focused services for public and private clients across Assurance and Audit, Deals, Consulting, Tax and Legal. We draw on our development legacy that brings together the collective experience of over 7,000 people in our region with offices across 12 countries to solve for tomorrow.

We're striving to consistently deliver innovative work that builds trust and delivers sustained outcomes. And we're proud of the strength that comes from all our different backgrounds and experiences and we value everyone's uniqueness. We thrive in uncertainty, operate with integrity and leverage the diverse perspectives of our teams.

If you're looking for a place that fuels your ambition to make a difference, that matches your curiosity with continuous learning opportunities and reimagines ways of working to enable you to lead a more balanced life, then you're a future PwCer.