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Account Receivable

NRTC Group Of Companies

Posted on March 7, 2019

2 - 3 years United Arab Emirates - United Arab Emirates

Any Nationality

Easy Apply

Opening 01

Job Description

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1) Review AR, Note Receivable, Cheques under Collections
GLs and reconcile them with the sub ledgers and
ensure that there are no variances.
2) Review the AR Aging report at the month
end and challenge the customers who
exceeded their Credit Limits and Credit periods
3) Provide corrective actions plan
to the AR Receivable Controller and
set the monthly collections target.
4) Forecast the collections over
the next 4 months and reflect
the amount in Cash Flow Forecast.
5) Conduct a daily morning meeting
with AR Controller to review and the
Daily Collection Targets.
6) Ensure the Daily Collection
Target are achieved by 4 Pm; any
variance (Uncollected Cheques) must
be discussed with the AR Controller
and the drivers and take corrective action.
7) Plan the daily working
schedule time which covers:
a. Follow up with the customers
through email and calls, meeting with the customers,
b. Update the customers ledger
by posting the customers payments
against relevant invoices
c. Reconciliation with customers SOA
d. Obtain balance conformation from the customers.
8) Ensure on daily basis the
follow up with the customers for collections.
9) Ensure the follow
up with the customers happen
through email, calls and visits.
10) Generate on daily basis a report
of net outstanding customers vs their Credit
Limit and Credit period which include
un-posted customers’ orders.
11) Immediately follow up
with the customers
who exceed the set credit limits and
periods and take corrective actions of settlements.
12) Follow up and visit the
challenging slow payments customers and ensure the
Company’s assets are safeguarded by having
the invoices stamped by customers, Balance conformation
are obtained and Posted Cheques are collected.
13) Conduct weekly AR review
detailed meeting with FM and AR Controller and ensure that the collections are within
the set target and no customers are exceeding
their credit Limits and credit periods.
14) Conduct with CEO and
CFO a weekly AR review meeting to discuss
· The collections status of
customers assigned to each AR Accountant
· The progress to achieve
monthly collections target
· Any Red Flag that needs
immediate actions (meeting with
the customers, Block the customers,
legal Actions).

FMCG / Foods / Beverages

Accounts / Taxation / Audit / Company Secretary


Account Receivable

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NRTC Group Of Companies

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Website http://www.nrtcgroup.com/careers.php

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