Founded in 2003, Magnum Security provides proactive security services to the UAE's wide range of customers in a variety of industries and customer segments. Magnum Security has earned its reputation as a highly dependable choice for security services within the UAE. We are currently seeking an experienced Accounts Receivable Officer. The Accounts Receivable Executive will be responsible for overseeing and managing the billing and receivables process to ensure timely and accurate invoicing, proactive follow-up on collections, and maintenance of client accounts. This role is pivotal in supporting our cash flow objectives and ensuring customer satisfaction through accurate and timely financial communication.
Key Responsibilities :
Billing & Invoicing :
- Generate and issue accurate invoices in accordance with service agreements and contract terms.
- Coordinate with operational and contract teams to gather necessary billing information and supporting documents.
- Ensure invoices are dispatched to clients through appropriate channels (email, portals, physical copies) within defined timelines.
Receivables Management :
- Monitor accounts receivable aging and follow up proactively with clients to ensure timely payments.
- Resolve discrepancies or disputes related to billing in coordination with relevant internal teams.
- Track unbilled revenue and ensure it is invoiced in a timely manner.
Credit Control & Risk Management :
- Assess client creditworthiness by reviewing financial documents and performing credit risk analysis.
- Support in managing credit insurance policies, including limit applications, compliance monitoring, and risk assessment reporting.
- Maintain records and reports to track insured limits and exposure across the client base.
Reporting & Compliance :
- Prepare regular reports including DSO (Days Sales Outstanding), aging analysis, and invoice turnaround metrics.
- Support month-end closing by reconciling AR balances and preparing required schedules.
- Assist during internal and external audits with documentation related to receivables.
Process Improvement :
- Identify inefficiencies in the billing and collection process and recommend improvements.
- Ensure all AR practices comply with VAT regulations, accounting standards, and company policies.
Qualifications & Experience :
- Bachelor’s degree in Finance, Accounting, or related field.
- 2–4 years of relevant experience in accounts receivable, preferably in a facilities management or service-based industry.
- Working knowledge of UAE VAT regulations and billing procedures.
- Experience with ERP systems (Oracle or similar) and strong Microsoft Excel skills.
- Familiarity with credit insurance processes is an advantage.
Job Type: Full-time
Experience:
- receivables: 2 years (Required)
Location:
- Dubai (Required)