Collection Accountant

Job description / Role

Job description

Raya Smart Building, a subsidiary of Raya Holding for Financial Investments, is hiring a collection accountant.

Responsibilities:

• Proactively monitor and manage the accounts receivable aging report to identify and prioritize overdue accounts for collection efforts
• Initiate and maintain professional communication with clients regarding outstanding invoices, systematically following up to ensure timely payment
• Maintain accurate, comprehensive, and up-to-date records of all collection activities, communications, and payment arrangements
• Review, interpret, and organize contracts to validate billing terms and ensure alignment with financial records; liaise with the finance team for clarification and coordination
• Collaborate effectively with the finance team and other relevant departments to investigate and resolve billing discrepancies, customer inquiries, and payment disputes in a timely and professional manner
• Ensure all collection activities strictly comply with company policies, relevant legal regulations, and industry best practices
• Communicate with clients to request and collect withholding tax (WHT) certificates and other relevant financial documentation as required
• Actively participate in identifying and implementing process improvement initiatives to enhance the efficiency and effectiveness of receivables management and collection procedures
• Support month-end and year-end closing processes by performing detailed reconciliations of accounts receivable, preparing necessary reports, and assisting with audit requirements
• Prepare and present regular reports on collection activities, accounts receivable status, and potential bad debts to management

Skills:

• Strong attention to detail with excellent organizational skills
• Effective verbal and written communication skills
• Excellent communication and negotiation skills
• Proficient in Microsoft Excel and other office productivity tools
• Experience with accounting software
• Basic understanding of financial statements and accounting principles
• Proven experience in a collection, accounts receivable, or similar financial role

Education:

Accounting, finance, business administration, or a related field

About the Company

Raya Holding for Financial Investments, a leading investment conglomerate, established in 1999 in Egypt with a vision to be a market leader and to grow into a solid financial conglomerate with multifaceted operations.

Headquarter located in Cairo, Egypt; Raya Holding is managing a diversified investment portfolio of 13 lines of business in the various industries of e-payment, information technology, contact center, smart buildings, consumer electronics, food and beverage, land transport, PET remanufacturing, automotive, FMCG and home appliances

Raya Holding is listed in the Egyptian Exchange (EGX) since 2005, while the company empowers more than 12,000 proficient employees, accommodating to a wide international customer base from offices based in Egypt, Saudi Arabia, UAE, Qatar, Poland, Nigeria and Tanzania.

Raya's Lines of Business include; Aman for e-payments, Aman for Financial Services, BariQ, Ostool, Raya Contact Center, Raya Foods, Raya Information Technology, Raya Food Trading, Raya Restaurants, Raya Smart Buildings, Raya Trade, Raya Auto and Haier - Raya Electric.