Al Futtaim Group
Al Futtaim Group is actively seeking skilled and experienced individual to take on the role of an O2C Senior Accountant . The selected candidate will focus on supporting the day-to-day activities of the O2C function whilst complying with organization’s policies and procedures and ensuring necessary checks and balances to mitigate risks.
Duties of O2C Senior Accountant
- Provide daily partnering support to business operations by assisting in O2C activities.
- Collateral Security Management, which includes PDCs, Bank Guarantees, Security Cheques etc.
- Identify, highlight, and expedite timely action to resolve exceptions / interface fallouts by performing review, reconciliation, and substantiation of O2C accounts and reports.
- Highlight receivables and overdues position to business to facilitate their follow-up and collection activities.
- Ensure adequate provision is created for doubtful debts as per company Policy and IFRS standard.
- Highlight risks and exceptions based on daily review of Collection control accounts and ensure resolution of exceptions within SLA by escalating in a timely manner.
- Create and maintain various master record for the O2C activities.
- Perform assigned month end book closing tasks within O2C.
- Monitor the ongoing automated activities and ensure continuity of daily tasks.
- Support with resolution of audit requests (Internal and External) within the submission timelines.
- Identify and support on standardization and improvement initiatives within the O2C function.
- Manage projects/testing as and when it is required by the department or SBUs.
- Support colleagues while they are on leave.
- Timely O2C partnering support to Business in day-to-day operations.
- PDC Management, which includes PDC collection, Warehousing, Banking, Maturing, Hold or Postponement etc.
- Daily collection control account monitoring and exception management.
- Perform monthly or periodic reconciliation and substantiation of O2C accounts and highlight exceptions and related risks to the Business.
- Preparation and circulation of periodic O2C exception reports & dashboards to stakeholders.
- Perform assigned month end book closing tasks within O2C.
- Computation of Provision for doubtful debts in accordance with Policy.
- Identify and support process standardization and improvement initiatives to improve efficiency and quality of reporting for FSSC O2C processes.
- Manage projects/testing as and when it is required by the department or SBUs.
- Any other O2C activities assigned from time to time.
Eligibility Requirements
The eligibility requirements for role of an O2C Senior Accountant are as under:
- Finance Graduate or Semi-qualified or Qualified or equivalent qualifications.
- Minimum 2-5 years’ similar experience, with a good knowledge of ERP systems.
Skills Desired
- Good accounting knowledge (IFRS knowledge is preferred).
- Analytical as well as Process oriented.
- Excellent communication skills.
- Prior working knowledge in ERP systems (ex: SAP).
- Knowledge of Excel, Power Point and other Microsoft office tools.
- Detail-oriented and organized.
- Must possess the drive to learn, prioritize and manage workload with minimum supervision.
- Effectively communicate/liaise with internal/external contacts.
- Should enjoy working in a team and be able to solve problems and resolve issues in an amicable manner.
- Should have interpersonal and delegation capabilities.
- Should comply with Al-Futtaim core values.
- Respect, Integrity, Collaboration and Excellence.
