✨ AI Summary
The Assistant Manager - Receivables is responsible for managing the accounts receivable function, ensuring timely collection of customer balances, accurate accounting records, and effective credit control. Key responsibilities include overseeing daily AR and collections activities, monitoring customer accounts, resolving discrepancies, and coordinating with internal teams. The role also involves preparing receivables reports, managing customer credit limits, and identifying opportunities for process improvement.
This position requires a Bachelor's degree in Accounting, Finance, or Business Administration, with a minimum of 7 years of experience in accounts receivable, credit control, or collections. Experience in a large corporate or multinational setting is preferred. Strong knowledge of accounting principles, ERP systems, financial reporting tools, and advanced Excel skills with data analysis capabilities are essential for success in this role.
Requirements
The Assistant Manager – Receivables requires a Bachelor's degree in Accounting, Finance, or Business Administration, with at least 7 years of relevant experience in accounts receivable, credit control, or collections. Experience in a large corporate or multinational environment, proficiency with ERP systems, financial reporting tools, advanced Excel skills, and strong data analysis capabilities are essential. Professional accounting qualifications are a plus.
Description
The Assistant Manager – Receivables is responsible for managing and overseeing the accounts receivable function, ensuring timely collection of outstanding customer balances, accurate accounting records, and effective credit control. The role works closely with internal stakeholders and customers to resolve billing and collection matters and support overall cash flow management.Key Responsibilities Oversee the day-to-day accounts receivable and collections activities.Monitor customer accounts, outstanding balances, ageing reports and overdue payments.Ensure timely follow-up with customers on outstanding invoices and payments.Review and resolve customer account discrepancies, billing issues and payment queries.Coordinate with Finance, Commercial, Sales and Operations teams to resolve collection-related matters.Support the preparation and review of receivables reports, ageing analysis and collection forecasts.Ensure accurate and timely posting and allocation of customer receipts.Monitor customer credit limits and payment terms in line with company policies.Identify potential collection risks and escalate significant overdue accounts where required.Support month-end and year-end closing activities related to accounts receivable.Assist with reconciliations of customer accounts and ensure outstanding items are investigated and cleared.Maintain accurate records and documentation relating to customer accounts and collections.Support internal and external audits by providing relevant information and documentation.Identify opportunities to improve receivables processes, controls and collection efficiency.Provide guidance and support to team members and assist the Finance Manager with ad-hoc requirements.Qualifications & ExperienceBachelor's degree in Accounting, Finance, Business Administration or a related discipline.Professional accounting qualification such as ACCA, CPA, CMA or equivalent is an advantage.7+ years of relevant experience in accounts receivable, credit control or collections.Experience in a large corporate or multinational environment is preferred.Strong understanding of accounting principles and receivables processes.Experience working with ERP systems and financial reporting tools.Advanced Excel skills and strong data analysis capabilities.