Accounts Receivable Officer Nord Anglia Education

Sales Ledger Responsibilities:

• Generate and distribute invoices for tuition, fees, and other school-related charges.
• Ensure accurate and timely billing to students, parents, and external parties.
• Verify billing details to minimize errors and discrepancies.

Payment Processing:

• Record and process incoming payments via various channels, including checks, cash, credit cards, and electronic funds transfers.
• Reconcile payments received with invoiced amounts and resolve any discrepancies promptly.
• Reconcile the bank posting daily in an accurate manner.
• Prepare and make bank deposits in a timely manner.
• To assist in month-end closing of Accounts Receivables.

Collections Management:

• Monitor and manage accounts receivable aging to ensure timely collection by issuing periodic reminders.

Recordkeeping:

• Maintain accurate and up-to-date records of all financial transactions related to accounts receivable.
• Prepare regular reports on accounts receivable status and provide updates to the Finance Manager/Controller.

Customer Service:

• Provide excellent customer service by responding promptly to inquiries and resolving issues related to accounts receivable.

Compliance:

• Ensure compliance with school policies, relevant regulations, and accounting principles.
• Stay informed about changes in financial regulations that may impact accounts receivable processes.
• Assisting with processing of VAT returns to local tax authorities.
• Ensure proper accounting and financial records and systems are maintained.
• To ensure effective internal controls and implement new procedures as necessary.
• To liaise with external auditors and tax advisors regarding the statutory accounts and other statutory returns.
• Ensure you keep up to date with the latest accounting and tax regulations within the United Arab Emirates and internationally.
• Develop internal management reports to aid the TSS Manager & Head of Finance in advising budget holders in the management of their individual budgets.