Job Description
Trade Receivables Management:
- Oversee the accounts receivable process, including invoicing, collections, and cash application.
- Develop and implement strategies to minimize overdue accounts and reduce DSO (Days Sales Outstanding).
- Monitor and analyze customer credit limits and aging reports.
- Ensure accurate and timely recording of revenue and receivables in the financial system.
Trade Payables Management:
- Supervise the accounts payable process, including invoice processing & vendor payments.
- Develop and maintain strong relationships with vendors and suppliers.
- Manage payment schedules to optimize cash flow.
- Review and approve payment runs, ensuring accuracy and adherence to company policies.
- Monitor and analyze accounts payable aging reports and resolve discrepancies.
Financial Reporting and Analysis:
- Conduct financial analysis to identify trends, variances and opportunities for process improvements.
- Assist in the preparation of budgets and forecasts related to receivables and payables.
Process Improvement:
- Evaluate and enhance existing processes for efficiency and effectiveness.
- Implement best practices to streamline operations and reduce manual effort.
- Ensure compliance with internal controls and accounting standards.
Team Management:
- Lead and mentor a team of finance personnel responsible for receivables and payables.
- Conduct performance evaluations, provide training and support professional development.