Accounts Receivable Officer

at Finance - InterContinental Hotels Group® Dubai Festival City
Published June 5, 2024
Location Dubai, United Arab Emirates
Category Chefs / F&B / Housekeeping / Hospitality  
Job Type Full-time  
Responsibilities Process and record invoices, receipts, and other financial transactions related to accounts receivable. Ensure accuracy and completeness of data entry and maintain proper documentation. Generate and send accurate and timely invoices to customers or clients. Verify the accuracy of billing information, such as prices, quantities, discounts, and payment terms. Monitor and follow up on overdue accounts and outstanding payments. Communicate with customers to resolve payment discrepancies, arrange payment plans, and ensure timely collection of payments. Handle inquiries and provide customer support related to accounts receivable. Perform regular reconciliations of customer accounts to ensure accurate recording and allocation of payments. Investigate and resolve any discrepancies or issues identified during the reconciliation process. Maintain accurate and up-to-date customer information in the accounts receivable system. Update customer records, contact details, credit limits, and payment terms as necessary. Review and assess customer creditworthiness and make recommendations for credit limits or adjustments. Prepare regular reports and analysis related to accounts receivable, including aging reports, cash flow projections, and collection performance metrics. Provide insights and recommendations to management for improving cash flow and reducing outstanding receivables. Collaborate with internal teams, such as sales, customer service, and finance, to resolve customer issues, address billing inquiries, and improve the overall accounts receivable process. Maintain effective communication and foster positive relationships with customers and clients. Ensure compliance with company policies, procedures, and relevant accounting standards. Stay updated on industry regulations and best practices related to accounts receivable management. Utilize accounting software, enterprise resource planning (ERP) systems, and other tools to manage accounts receivable processes efficiently. Identify opportunities for process automation and contribute to system enhancements or implementations. Identify areas for process improvement and efficiency gains within the accounts receivable function. Propose and implement strategies to optimize cash flow, reduce DSO (Days Sales Outstanding), and enhance overall receivables management.
Industry Hospitality

Description

Do you see yourself as Accounts Receivable Officer for InterContinental Hotels Group® Dubai Festival City?

What's your passion? Whether you're into triathlon, exploring new restaurants or dancing the tango, at IHG we're interested in you. We love people who apply the same amount of passion and precision to their jobs as they do to their hobbies.  Imagine working for a company that gives you Room to be yourself.  Our commitment to our people is to deliver room to have a great start, to learn and grow, to perform, to be recognized and rewarded, to be involved and to take the initiative and lead.

The InterContinental Hotels Group® properties in Dubai Festival City consist of four hotel brands. These include the luxury brand InterContinental, the superior upscale Crowne Plaza, the lavish long-stay InterContinental Residence Suites and the vibrant mid-scale Holiday Inn. In addition to over 1000+ bedrooms, the four properties boast a selection of high quality restaurants and bars, an impressive 3,800 square meter Event Centre across two levels, the 5,000 square meters Festival Arena by InterContinental, the luxurious Spa InterContinental, state-of-the-art gymnasium and swimming pool facilities. We are looking for people who are friendly, welcoming and full of life to people to join over 900 colleagues who are always finding ways to make every guests experience an enjoyable one. We value the passion and enthusiasm of our colleagues, and encourage you to share your passion when you work with us.

A little taste of your day-to-day:

  • Process and record invoices, receipts, and other financial transactions related to accounts receivable. Ensure accuracy and completeness of data entry and maintain proper documentation.
  • Generate and send accurate and timely invoices to customers or clients. Verify the accuracy of billing information, such as prices, quantities, discounts, and payment terms.
  • Monitor and follow up on overdue accounts and outstanding payments. Communicate with customers to resolve payment discrepancies, arrange payment plans, and ensure timely collection of payments. Handle inquiries and provide customer support related to accounts receivable.
  • Perform regular reconciliations of customer accounts to ensure accurate recording and allocation of payments. Investigate and resolve any discrepancies or issues identified during the reconciliation process.
  • Maintain accurate and up-to-date customer information in the accounts receivable system. Update customer records, contact details, credit limits, and payment terms as necessary. Review and assess customer creditworthiness and make recommendations for credit limits or adjustments.
  • Prepare regular reports and analysis related to accounts receivable, including aging reports, cash flow projections, and collection performance metrics. Provide insights and recommendations to management for improving cash flow and reducing outstanding receivables.
  • Collaborate with internal teams, such as sales, customer service, and finance, to resolve customer issues, address billing inquiries, and improve the overall accounts receivable process. Maintain effective communication and foster positive relationships with customers and clients.
  • Ensure compliance with company policies, procedures, and relevant accounting standards. Stay updated on industry regulations and best practices related to accounts receivable management.
  • Utilize accounting software, enterprise resource planning (ERP) systems, and other tools to manage accounts receivable processes efficiently. Identify opportunities for process automation and contribute to system enhancements or implementations.
  • Identify areas for process improvement and efficiency gains within the accounts receivable function. Propose and implement strategies to optimize cash flow, reduce DSO (Days Sales Outstanding), and enhance overall receivables management.

What we need from you:

  • Bachelor's degree in accounting, finance, or a related field (preferred)
  • Proven experience in accounts receivable or a similar finance role
  • Strong knowledge of accounting principles and practices
  • Proficiency in using accounting software and ERP systems.
  • Excellent attention to detail and accuracy
  • Strong analytical and problem-solving skills
  • Effective communication and interpersonal skills
  • Ability to prioritize tasks and meet deadlines.
  • Knowledge of relevant legal and regulatory requirements
  • Proficiency in Microsoft Excel and other office applications.

What you can expect from us

We’ll reward all your hard work with competitive salary and benefits.

Join us and you’ll become part of the global IHG® family – and like all families, all our individual team members share some winning characteristics. As a team, we work better together – we trust and support each other, we do the right thing and we welcome different perspectives. You need to show us you care: that you notice the little things that make a difference to guests as well as always looking for ways to improve - visit www.careers.ihg.com to find out more about us.

So go on - show us how your passion and personality are the perfect fit to deliver memorable experiences to our guests.

 

At IHG, we’ve made a promise. As one of the world’s leading hotel groups, we’re here to deliver True Hospitality for Good. Making our guests and colleagues feel welcome, cared for, recognised and respected – wherever they are in the world. Want to be part of the journey?

 

As the world’s first and most global luxury hotel brand, InterContinental Hotels & Resorts has pioneered international travel since the 1940s, we are passionate about sharing our renowned international know-how and cultural wisdom in truly impressive surroundings. We all take great pride in being genuine ambassadors of the InterContinental®️ brand and to be part of the brand you will have a thirst for travel, passion for culture and appreciation for diversity. We create inspiring experiences for those seeking a richer perspective on the world. If you’d like to embrace a world of opportunities, we’d like to welcome you to the world’s most international luxury hotel brand.

 

Don't quite meet every single requirement, but still believe you'd be a great fit for the job? We'll never know unless you hit the 'Apply' button. Start your journey with us today.

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