Finance Manager - Accounts Receivable

Merex Investment Group

Key Accountabilities.

• Lead the processing of invoices, timely collection of payments, month-end and year-end closing, ensuring all billings and journals are posted by working closely with internal stakeholders and external stakeholders on billing matters.
• Scrutinize all AR balances as they appear in GL and that monthly schedules, reconciliation statements are prepared to ensure all outstanding items have been cleared timely to effectively close monthly AR books.
• Lead the financial year-end and ad hoc audit activities by contributing information towards strategic planning and reviews, as well as implementing quality productivity to ensure that Internal and external audit requirements and customer-service standards are met.
• Develop, implement and monitor Service Level Agreements (SLAs) for AR transaction processing activities for efficient and effective financial operations.
• Oversee the preparation of monthly management dashboards, statistical reporting and submissions, Ad-hoc forecasting, Financial and AML treasury reports and RERA escrow audits for all BTS projects on monthly, quarterly and/or annually as required to support decision-making and maintaining compliance with regulatory requirements.
• Implement operational efficiencies and control measures by ensuring high-quality invoicing and collection procedures that comply with the law by staying updated on industry and legislative changes
• Review balance sheet schedules for AR operations and reconcile cash collections from AR to GL, prepare aging reports, provisions and debtors aging analysis and ensure that the differences with salesforce are mapped to provide ageing report to collections team.
• Develop and maintain transparent reporting of issues, communication of actions taken and elevation where appropriate to ensure stakeholders are informed and updated on relevant issues and resolutions.
• Put a process in place to ensure verification of internal and external broker commissions, Revenue recognition and its revisions, ensuring compliance with industry standards and regulatory guidelines.
• Follow up on the non-sales corporate billings to DH verticals and external parties.

Key Performance Indicators

• Accounts Payable & Receivable Policies and Procedures developed, approved and implemented
• Development and implementation of SLAs and adherence
• Development of Payment Cycles and compliance
• Systems and process enhancements and efficiencies achieved
• Audit findings and observations, and timely implementation of audit recommendations