Senior Accountant- O2C

Job Details:
The Senior Accountant in the Group Finance Shared Service Centre (FSSC) will primarily concentrate on providing support for the day-to-day operations of the Order-to-Cash (O2C) function. This entails adherence to organizational policies and procedures, implementing necessary checks and balances to mitigate risks effectively.

Key Responsibilities:
Provide daily support to business operations by assisting in O2C activities.
Manage Collateral Security, including PDCs, Bank Guarantees, and Security Cheques.
Identify and expedite resolution of exceptions and interface fallouts in a timely manner through review, reconciliation, and substantiation of O2C accounts and reports.
Communicate receivables and overdue positions to the business for effective follow-up and collection activities.
Ensure adequate provision is made for doubtful debts according to company Policy and IFRS standards.
Monitor Collection control accounts daily, highlighting risks and exceptions, and ensure timely resolution within SLA by escalating as needed.
Create and maintain various master records for O2C activities.
Execute assigned month-end book closing tasks within O2C.
Monitor ongoing automated activities to ensure the continuity of daily tasks.
Support resolution of audit requests (Internal and External) within submission timelines.
Identify and contribute to standardization and improvement initiatives within the O2C function.
Manage projects/testing as required by the department or SBUs.
Provide support to colleagues during their absence.

Primary Responsibilities:
Provide timely support to the Business in day-to-day O2C operations.
Manage PDCs including collection, warehousing, banking, maturing, and handling hold/postponement procedures.
Monitor daily collection control accounts and manage exceptions effectively.
Reconcile and substantiate O2C accounts periodically, highlighting any exceptions and associated risks to the Business.
Prepare and distribute periodic exception reports and dashboards for stakeholders.
Execute month-end book closing tasks within the O2C domain.
Calculate Provision for doubtful debts in accordance with established policies.
Identify opportunities for process standardization and improvement within FSSC O2C processes to enhance efficiency and reporting quality.
Lead or participate in projects and testing initiatives as required by the department or Strategic Business Units (SBUs).
Undertake any additional O2C activities delegated from time to time.

Education Qualification:

Degree in Finance or equivalent qualification, or currently pursuing finance qualifications, with relevant certifications or nearing completion.

Minimum Experience and Knowledge:

At least 2-5 years of experience in a similar role, demonstrating proficiency in ERP systems.
Job-Specific/Technical Skills required to complete the tasks:

Solid understanding of accounting principles, with familiarity in IFRS preferred.
Strong analytical and process-oriented mindset.
Exceptional communication abilities, both verbal and written.
Prior experience working with ERP systems such as SAP.
Proficiency in Microsoft Office tools including Excel, PowerPoint, and other relevant applications.
Detail-oriented approach with strong organizational skills.

Behavioral Competencies:

Organization: Demonstrates self-motivation to learn, effectively prioritize tasks, and manage workload autonomously.
Communication: Exhibits strong communication skills to interact and collaborate efficiently with both internal and external stakeholders.
Team Player: Enjoys collaborative teamwork, adept at problem-solving, and skilled in resolving conflicts amicably.
Interpersonal Skills: Displays strong interpersonal abilities and is proficient in delegating tasks effectively.
Alignment with Al-Futtaim Core Values: Upholds and embodies the core values of Al-Futtaim – Respect, Integrity, Collaboration, and Excellence.