Accounts Receivables Lead

Internal Vacancy

Accounts Receivables Lead

Head Office

Finance Senior Manager

F

Manages the A/R and Credit operations for all entities, partnering with Commercial teams to ensure a seamless end to end process. Monitors and reviews customer balances, proper invoicing and clearing of customer payments . Designing Processes, SOP’s and SLA’s for O2C stream.

1. Health & Safety:

Adhere to and enforce relevant legislation and policies and ensure that highest degree of safety and safe working practices are maintained.

1. Functional:

Billing Process

• Supervises customer’s invoicing process ensures it is completed on time and without errors. Reviews and records escalations as per communicated figures from LRMXE commercial team.
• Tailor and design all processes, SOP’s and flows for the entire organization to ensure full compliant revenue recognition process.
• Decide on irregular treatments like rebates, provisions, netting, Scrap sales, etc.
• Coordinate with Commercial, FP&A, Treasury and Tax teams to ensure accurate forecasting of AR and revenue balances and report it to Country Controller and CCFO.
• Reporting needed write off or write in according to laws, regulations and internal processes to Country Controller.
• Allocate resources to meet EXCO, Group and governmental ad hocks that require specific reporting of historical bookings reports.
• Review DSO report per legal entity and report it to CCFO and Financial Controller.
• Manage other products revenue and scrap sales processes and act as Finance representative for organization auctions.
• Ensure all invoices Submission process to customers and through tax portals are carried out properly.
• Review and ensure all E-Invoices submissions are met and reconciliations are performed with no or justified variances.
• Review reports and KPI’s related to billing process.

Credit Management and Collection Processes:

• Records approved credit limits and ensures alignment with Lafarge Credit Policy.
• Initiate high level communication with top customers for any issues related to collections.
• Monitoring of Aging reports across all PL’s.
• Coordinate with commercial team the daily collection process using all methods of communications.
• Ensure Customers balance confirmations are performed in a timely manner.
• Prepare reports and KPI’s to present collections targets to top management.
• Manage credit committees for all legal entities.
• Perform credit assessment using market intelligence, banking relations and all possible methods of communication for all customers before initiating any contractual agreement to be approved by the country controller.
• Approve credit limits, threshold and guarantees in place.
• Continuous reporting of customers status with regard to their collection performance, market condition and anticipated changes to top management.
• Provide reports to country controller for identifying risks and opportunities in the credit management area, if any.
• Report and monitor allowances for doubtful debts.
• Coordinate with legal and commercial team for any legal cases that needs to be filed against certain customers or due to any commercial dispute.

Customers Relations

• Manage all customer’s relations activities to ensure all customer’s inquiries related to A/R activities are answered in a timely manner
• Review and authorize all customers’ correspondences.
• Hold regular meetings with key customers and ensure high level of satisfaction.
• Approve and report any customer deduction after investigating root causes and possible action plans for mitigation.
• Approve customer’s requests for netting transactions and share it with controller for approve.
• Approve all customers debit and credit notes and share it with controller to approve it

Intercompany Flows

• Engage in the overall intercompany trade processes through setting credit limits, schedule of settlements, rebates, transfer pricing, tax topics, legal documentation and important EXCO decisions that govern relations of intercompany.
• Engage in decision of intercompany trade transactions including sale of assets, trade in, cash pooling, netting, etc…

Reconciliations and MEC Activities

• Manage O2C month end closing process, decide on deadlines, assign activities and requirements to different internal stakeholders and ensure all deadlines are met.
• Approve all reconciliations prepared by AR team for revenue recognition, prices, scrap sales, exports, etc...
• Coordinate with FP&A team to allocate any opportunities or risks before MEC process is finalized.

Reporting and Analysis

• Design specific reporting requirements and main KPI’s to be pursued on a monthly basis.
• Coordinate with internal departments for collective reporting packages and ensure meeting all deadlines.

Internal and External Audit Processes

• Provides internal and external audit requirements as requested while adhering to deadlines.

Education :

• Bachelor Degree – Faculty of Commerce

Technical Skills & Experience:

• Financial Analytical Skills.
• Excellent English Language.
• Excellent Microsoft office (Excel, Word & PowerPoint).
• Negotiation Skills

• 7 Years of experience in accounting