• Deputy Manager - Receivable - Real Estate Jobs in Overseas - 25283886

  • Archer & Bull
  • Overseas, International, Uae

Job Description:

This position supports and helps in budget and forecast preparations, long term plans and other ad-hoc related requests He/she will ensure that Accounts Receivable and Revenues are properly authorized according to company policy and procedure, and with applicable DOA

This position is also responsible for implementing and monitoring the Revenue and Accounts Receivable monthly closing process and checklist as well as regular review of tenant account balances

1 Business Insights and Support

- Provide accounting guidelines and support in Accounts Receivable and Revenues area to lease administration team as and when required

- Assist and provide swift feedback to Leasing collection team, Third-party service provider and Property Management Team in day to day transactions pertaining to renewal, amendments, surrender and new deals

- Provide guidelines on the companys policies and procedures DOA as and when required

- Provide historical information and analysis as and when required

- Ensure accounts receivable and revenue processes are operated efficiently and effectively, and support business units activities in relation to those processes

- Support the business by reducing review and processing time for all Revenue and Receivables transaction, ie Refunds, Statement of Accounts and billing

- Regularly verifying on a sample basis, the demands and receipts on the system to ensure accuracy

- Prepare and reconcile all account receivable accounts and prepare monthly/quarterly/ad-hoc forecast reports for same

- Manage the preparation of Monthly Receivables Deck for review of the Group CFO

2 Financial Control and Stewardship - Assist in implementing and monitoring a strong internal control system and recommend any improvement required to eliminate manual work

- Maintain proper control over customer codes, ensuring correctness and completeness and advice activation and deactivation according to business needs

- Ensure clearing of any reconciling item resulted from revenue bank accounts reconciliation on a timely basis

- Review and ensure the correctness of customer balances for advances, deposits, receivables and revenue on a monthly basis

- Implement all audit recommendations in revenue and receivable area on a timely basis

- Review and reconcile tenant accounts balances for revenue and receivables with GL on a monthly basis and ensure no integrity issue is pending

- Negotiate with clients in non-payment cases and settle non-payment disputes with clients efficiently

- Oversee the processing and organizing of bills, records and invoices ensuring quality maintenance at every step

3 Financial Reporting and Transaction processing

- Review and Post day to day AR and revenue related accounting transaction ensuring

- Adequacy of supporting documents,

- Proper authorizations are in place,

- Correctness and completeness of information recorded in the system

- Correctness and appropriate selection of the accounting treatment, and

- Proper selection of GL accounts and Billing Codes

- Reviewing the accurate posting of documents in ERP by the team

- Verifying all new contracts for accuracy & completeness (eg PDC & required upfront amounts are received)

- Monitoring bank related transaction is accounted on a timely basis

- Administer and ensuring smooth workflow of the below listed as per agreed timelines

- SOA issuance to customers

- Review of contracts pending for activation

- Bounced Cheques Recovery (Based on Policy) and submission of documents to Legal for initiating action

- Daily interface files for collection and demand are uploaded in SAP and timely circulation of the daily report to management and respective stakeholder

- Follow up of the top 25 customer receivables recovery and ensure for closure

- Monthly payable commissions to be submitted to the payroll team after appropriate review and approvals

- Month-end closing for receivables - checklist with timelines that are adhered to for completion

- Review the monthly recurring billing and ensure the monthly revenues booked agree with the signed lease agreements

- Compute and record Doubtful Debts Provision on monthly basis in compliance with applicable financial policies and procedures and obtain approval on the same

- Submit monthly consolidated financial key information related to AR and revenue area

- Review percentage rent calculation and ensure accuracy completeness and timely billing

- Review customer audited sales and recalculate percentage rent and ensure the same is billed on a time

- Review Net Effective Rent calculation and ensure lease amendment process is initiated

- Review all Customer statement of account as and when required

- Review all customer refunds ensuring compliance with lease agreements and the companys financial policies and procedures

- Review tenant utilities recovery accounts and ensure all tenants are paying either through lease agreement or on an actual consumption basis

- Prepare customer accounts reconciliations as well as follow-up on pending issues and old outstanding items Initiating legal cases for outstanding and cheque bounce cases on a regular basis

- Supervise the monthly closing process through a predefined checklist and provide guidance to the team in order to meet the deadlines

- Prepare lease-related information for financial and valuation purposes for the region country

- Provide required assistance in the implementation of new financial systems, interfaces, and or system improvement as well as similar initiatives

- Ensure Proper review and check over billing and collection process ensuring timely and accurate generation and distribution of AR invoices and receipts

- Assist in other ad-hoc analysis, financial reporting and other various tasks related to areas of responsibility

4 Compliance

- Ensure all new lease agreements are within approved rates and budget, properly authorized as per applicable DOA, and in compliance with International Financial Reporting Standards and local regulations as well as MAFP applicable financial policies and procedures

- Ensure section is following approved company policy and procedure, control guidelines and DOA adherence in day to day transaction in revenue and account receivable area

5 Developing Talent and People

- Set objectives for the accounts receivable team that align with the accounting departments goals

- Supervise and guide Revenue accounting team across in day to day routine activities and transactions

- Ensure proper work distribution within the section and ensure appropriate staff available to deal with day to day transaction and to support leasing and asset management requirement

- Monitor and report on the measurement of AR departments KPI through performance scorecard

- Provide on-the-job training and support to the revenue team on technical and system-related matters

- Assist Finance Manager in identifying any technical or functional requirement for the AR accountants

Profile Summary:

Employment Type : Full Time
Salary : Not Mentioned
Deadline : 01st Jun 2020

Key Skills:

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