Majid Al Futtaim invites you to join us in our quest to create great moments for everyone, everyday! We are the leading shopping mall, residential communities, retail and leisure pioneer across the Middle East, Africa and Asia, serving over 560 million visitors a year. For the past two decades, we have shaped the consumer landscape across the region, transforming the way people shop, live and play, while maintaining a strong sustainability track record and the largest mall in the world to attain LEED Gold EBOM Certification. We have over 45,000 team members in 17 international markets representing over 100 nationalities – all keeping the customer at the heart of everything we do. If you enjoy being BOLD, PASSIONATE and TOGETHER, then Majid Al Futtaim is the destination for you.

PURPOSE OF THE JOB
Ensure that the company's credit policies are followed and that outstanding debts are collected in a timely manner. Ensure processing of accounts receivable (AR) within the contractual terms, issuing receipts to customers, deposit customers cheques, and recorded both in line with DoA and IAS by maintaining essential controls around receivables at highest control.
PRIMARY DUTIES & RESPOSIBILITIES

 

  • Monitoring Accounts Receivable: Keeping track of outstanding invoices and payments, ensuring they are collected within agreed-upon terms. This includes monitoring the outstanding amount of AR related to assets.
  • Following Up the Overdue Payments: Contacting customers with overdue accounts through phone calls, emails, or letters to request payment and negotiate payment terms if necessary.
  • Collaborating with Sales and Customer Service: Working closely with sales and customer service teams to resolve customer issues, address credit concerns, and streamline credit processes.
  • Negotiating Payment Plans: Negotiating payment plans or settlements with customers experiencing financial difficulties while protecting the company's interests.
  • Providing Credit Risk Analysis: Assessing and reporting on the credit risk associated with existing and potential customers to support decision-making.
  • Maintaining Accurate Records: Recording all communication and correspondence with customers regarding payments, disputes, and credit decisions.
  • Ensure that customer’s invoices/receipts including upgrade are issued and recorded on master data (customer contracts, property/customers masters, and master key on a timely manner.
  • Issue customer statements and attend to reconciliations requests and get credit advice.
  • Participate in sales reconciliation between bank statements, Master key and Great Plains system.
  • Invoice banks and collect the mortgage arrangement fee on a timely basis.
  • Work closely with sales & construction team to ensure Integrity of customer financial data and proper filling is in place.
  • Ensure that policies, procedures, contractual requirements, and other guidelines of the company relating to receivable processing are followed.
  • Assist in maintaining the AR sub ledger and manage the AR accounting process including revenue account.
  • Assist in performing sales and bank reconciliation between bank statements, Sales system, and financial system on a periodical basis (weekly, monthly, and yearly).
  • Assist in preparation of period end schedules related to accounts receivable section such as related party transaction, AR age analysis, etc...
  • Participate in the Business Plan and periodical budget reviews.
  • Participate in the monthly management reports.
  • Liaison with Internal and External Auditors as required.
  • Advise on continuous business process improvements.
  • Act as back-to-back with team members.

 

PERSON SPECIFICATION: Minimum competencies to be effective on the job

Education

 

  • Graduation in Finance/Accounting

 

Experience

 

 

 

  • 8 years in similar position

Skills

 

 

 

 

  • Excellent communication skills
  • Excellent negotiation skills
  • Analytical skills
  • Team player

 

Salary

0 - 0 AED

Monthly based

Location

Muscat , Oman

Job Benefits
Equity compensation
Job Overview
Job Posted:
4 weeks ago
Job Type
Full Time
Job Role
Accountant
Education
Bachelor Degree
Experience
8+ Years
Total Vacancies
1

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Location

Muscat , Oman