Senior Accounts Receivable Accountant

Job Purpose: Review and control billing, collections, reconciliations, and period-end closing for accounts receivable. You will also guide accountants and analyze balances and risks to ensure accurate customer receivables and high-quality follow-up and reporting. Key Responsibilities: Review customer invoices, journal entries, and supporting documents prepared by accountants before issuance and posting. Ensure invoices comply with contracts, approved payment applications, project milestones, and agreed payment terms. Review VAT treatment and electronic invoicing requirements, ensuring compliance with applicable regulations and resolving exceptions. Review the classification of receivable balances, contract assets, and liabilities in accordance with approved accounting policies. Review collection allocations against invoices and resolve unapplied payments in coordination with the Treasury team. Review customer advances, retention amounts, deductions, and related reconciliations in accordance with contractual and project requirements. Review customer account reconciliations and confirmations, investigate discrepancies, and resolve unusual balances. Analyze accounts receivable aging, identify overdue balances and their underlying causes, and establish collection priorities. Monitor customer payment commitments, rejected invoices, and disputes in coordination with Project, Contracts, and customer representatives. Prepare collection forecasts, compare actual collections against projections, and report variances to the Head of Accounts. Review adjustment entries and credit notes, ensuring adequate supporting documentation and proper approval. Manage accounts receivable closing activities and ensure reconciliation with the general ledger within established deadlines. Assess receivables' collectability and prepare inputs for expected credit loss (ECL) assessments in accordance with company policies. Coordinate the release of retention amounts and ensure the completion of documentation for invoices and outstanding claims. Guide and review the work of Accounts Receivable Accountants and prepare reports, reconciliations, and supporting documents for audits. Monitor customer data, invoicing, and collection controls, and submit requests for discounts, settlements, and write-offs to the authorized personnel for approval. Identify control weaknesses and recommend corrective actions to prevent delays in invoicing, collection recording, and reconciliation processes. Ensure compliance with company policies, internal controls, confidentiality requirements, and delegated authorities. Requirements: Bachelor's degree in Accounting, Finance, or a related field. Strong knowledge of accounts receivable, reconciliations, and financial closing procedures. Proficiency in financial systems and Microsoft Excel. Previous experience in the contracting or construction industry is preferred. Experience with SAP or similar ERP systems is preferred. Knowledge of contract accounting, customer advances, retention amounts, VAT, and electronic invoicing requirements. Professional accounting certifications such as SOCPA, CPA, or ACCA are an advantage. Show more