Supervisor Sales & Accounts Receivable

Our Client operates in the Oil and Energy industry, with its headquarters rooted strongly in Saudi Arabia. It has its branches spread to more than 50 countries, providing employment to more than 68,500 people all over the world. They fall under the Fortune 500 Companies. They are one of the world’s largest oil producers. They are constantly growing by creating new technologies through its Research and Development efforts and branch into new business lines through Investments and Acquisitions.

Responsibilities:

• Lead the sales back-office team in maintaining accurate and up-to-date sales agreements and service portfolio.
• Lead the accounts receivable team in building and delivering accurate and timely customer invoices. 
• Review invoices prior to issuance to ensure that they are correct, adhere to company policies, and are following contract terms and accounting standards.
• Drive and refine collections procedures and strategies to maintain and reduce Days Sales Outstanding (DSO).
• Oversee the application of cash receipts and posting. Actively reconcile payments and resolve any discrepancies in a timely manner.
• Coordinates the sales and Accounts Receivables team to resolve any customer billing escalations. Work with the accounting team to identify and reserve for bad debt appropriately.
• Evaluate, suggest, and manage credit limits for both new and existing customers and identify any credit risks.
• Establish and nurture robust relationships with customers to address billing inquiries proactively and facilitate prompt payments.
• Work closely with the revenue team on billing flows from Salesforce, and with the implementation team to coordinate on invoicing, in line with company service level agreements and terms and conditions.
• Compile and present comprehensive weekly accounts receivable reports to drive insights on aging, collections performance, and cash flow forecasting.
• Identify opportunities for process enhancement and automation within the accounts receivable domain.
• Spearhead, participate in, and execute initiatives to streamline workflows, increase efficiency, and elevate accuracy (inclusive of process changes and/or system migrations).
• Other duties or functions as may be needed and assigned.
• Perform periodical tasks relating to the function (reconciliation, reporting, and review).
• Assist with the coordination of Internal Audit.
• Maintain Internal Control documentation in the best order.

Requirements:

• Bachelor’s degree in accounting, Finance, Business, Economics, Math, or a related field.
• A minimum of 7 years of progressive experience in Sales and Accounts Receivable roles, including a minimum of 3 years in a supervisory or managerial capacity. 
• Strong understanding of Accounting and Financial Reporting.
• Strong communication (written and verbal), negotiation, interpersonal, and managerial skills.
• Proficiency in using advanced accounting software (ERP and/or Accounts Receivable software systems; knowledge of SAP Cloud is a plus).