Senior Accountant – O2C

Accounting & Finance
United Arab Emirates 🇦🇪
January 7, 2024

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Job Description

Senior Accountant – O2C | Finance Shared Service Center | Corporate Services

JOB PURPOSE

As an (O2C) Senior Accountant in Group Finance Shares Service Centre (FSSC), he/she will focus on supporting the day-to-day activities of the O2C function whilst complying with organization’s policies and procedures and ensuring necessary checks and balances to mitigate risks:

This position will be responsible for the following.

  • Provide daily partnering support to business operations by assisting in O2C activities
  • Collateral Security Management, which includes PDCs, Bank Guarantees, Security Cheques etc.
  • Identify, highlight, and expedite timely action to resolve exceptions / interface fallouts by performing review, reconciliation, and substantiation of O2C accounts and reports.
  • Highlight receivables and overdues position to business to facilitate their follow-up and collection activities
  • Ensure adequate provision is created for doubtful debts as per company Policy and IFRS standard
  • Highlight risks and exceptions based on daily review of Collection control accounts and ensure resolution of exceptions within SLA by escalating in a timely manner
  • Create and maintain various master record for the O2C activities
  • Perform assigned month end book closing tasks within O2C
  • Monitor the ongoing automated activities and ensure continuity of daily tasks
  • Support with resolution of audit requests (Internal and External) within the submission timelines
  • Identify and support on standardization and improvement initiatives within the O2C function
  • Manage projects/testing as and when it is required by the department or SBUs
  • Support colleagues while they are on leave

 

KEY ACCOUNTABILITIES

  • Timely O2C partnering support to Business in day-to-day operations
  • PDC Management, which includes PDC collection, Warehousing, Banking, Maturing, Hold / Postponement etc
  • Daily collection control account monitoring and exception management
  • Perform monthly / periodic reconciliation and substantiation of O2C accounts and highlight exceptions and related risks to the Business
  • Preparation and circulation of periodic O2C exception reports & dashboards to stakeholders
  • Perform assigned month end book closing tasks within O2C
  • Computation of Provision for doubtful debts in accordance with Policy
  • Identify and support process standardization and improvement initiatives to improve efficiency and quality of reporting for FSSC O2C processes
  • Manage projects/testing as and when it is required by the department or SBUs
  • Any other O2C activities assigned from time to time

 

Skills

QUALIFICATIONS, EXPERIENCE, & SKILLS

 Education Qualification:

  • Finance Graduate or Semi-qualified or Qualified or equivalent qualifications

Minimum Experience and Knowledge:

  • Minimum 2-5 years’ similar experience, with a good knowledge of ERP systems.

Job-Specific/Technical Skills required to complete the tasks:

  • Good accounting knowledge (IFRS knowledge is preferred)
  • Analytical as well as Process oriented
  • Excellent communication skills
  • Prior working knowledge in ERP systems (ex: SAP)
  • Knowledge of Excel, Power Point and other Microsoft office tools
  • Detail-oriented and organized

Behavioral Competencies:

  • Organization: Must possess the drive to learn, prioritize and manage workload with minimum supervision
  • Communication: Effectively communicate/liaise with internal/external contacts
  • Team Player: Should enjoy working in a team and be able to solve problems and resolve issues in an amicable manner
  • Should have interpersonal and delegation capabilities
  • Should comply with Al-Futtaim core values: Respect, Integrity, Collaboration and Excellence

 

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