Junior Accountant - Accountant O2C

JOB PURPOSE:

To perform daily processing of accounts receivables transactions and manage the payment collections of customers. This includes processing, recalculating, verifying, posting, and reporting of financial data for the use in maintaining accurate accounting records in the financial ERP system. Month end journal entries, reconciliations, and maintaining balance sheet schedules.

KEY ACCOUNTABILITIES:

1. Ensure timely and accurate receipts allocation/matching, invoice adjustments, credit/debit note issuance and reversals in accordance to defined procedures.
2. Seek guidance for any clarification on accounting, VAT/Tax, DLD/RERA & Bank-related issues & other collection matters that need Legal Team intervention.
3. Inform Team Leads for any process, document and technical issues that may stop the process flow.
4. Perform delivery of services for all the service entities as per the defined FSS O2C processes & Service Level Agreements to all our internal customers.
5. Participate in Data Clean-up & Data Migration & other BAU project/initiatives assigned.
6. Participate in the UATs & change management activities as and when required.
7. Ensure closure of Service Requests (SRs) by the team within the agreed SLAs.
8. Prepare ad hoc reports as required by Team /Process/ Tower Leads.
9. Collaborate with the Team Leads to suggest improvements to the accounting processes as necessary.
10. Highlight analytics opportunity to further expand O2C scope of services and improve efficiency within the department.
11. Perform collection, allocation & receipts matching and ensure they are done on daily basis, and identify any unidentified receipts and raise to the concerned teams to clear it in a timely manner.
12. Support and ensure that the documentation related to retention comply as per the requirements.
13. Ensure compliance to the defined Collection processes and to accounting, regulatory and auditing standards.
14. Conform to AML Law and make sure that all AML documents are uploaded in the system accurately and as per the law requirements.
15. Ensure timely and accurate receipts creation, fund allocation and cash applications in accordance to the defined procedures.
16. Adhere to the internal controls in place to safeguard the physical assets (Cash, Cheques & other instruments) and to proper segregation of cash handling duties such as receiving, depositing & reconciling.

Minimum Qualification:

• Bachelors degree in accounting, business administration, or a related field.
• Experience of dealing with local authorities and banking institutions.
• Knowledge of ERP softwares (Oracle preferred).
• Skill sets:
• Accounting
• Cashier
• Oracle Fusion
• MS Excel

Minimum Experience:

At least 3-4 years working experience in Exchange House, Bank or similar institute as a cashier.

Important Notice: Please note that the candidate must be present onsite.