Section Manager Accounts Receivable EXA Ceramics📣 إعلان

About Alfanar and the Role

Alfanar is seeking a Section Manager Accounts Receivable to join our team in Riyadh, Saudi Arabia. This full-time role involves leading and managing the Accounts Receivable function to ensure accurate invoicing, effective credit control, and timely collection of receivables. The manager will oversee the proper management of customer accounts and reliable financial reporting, contributing to the efficiency of the Order-to-Cash process.

Core Accounts Receivable Management

The Section Manager Accounts Receivable will be responsible for the comprehensive oversight and execution of all Accounts Receivable operations. Key responsibilities include:

• Leading the end-to-end Accounts Receivable process, including month-end and year-end closing activities.
• Monitoring customer balances, outstanding receivables, overdue amounts, and account statuses.
• Preparing annual and biannual Accounts Receivable balance sheet reports, annual budget reports, and related financial studies.
• Conducting studies related to credit management and associated matters.
• Approving customer return requests and refund payments in accordance with company policy.
• Overseeing the recording of sales invoices, resolving related issues, and managing collection activities, including vouchers, post-dated cheques, and payment allocations.
• Reviewing and approving the creation of cash and credit customer accounts, as well as customer credit note requests, in line with company policies.
• Managing customer credit terms according to the company’s Credit Policy and auditing handover requests for compliance and timely completion.
• Reviewing new promotions and compensation schemes, ensuring accurate system application, and managing accrued customer and sales team promotions.
• Participating in the development of sales commission systems, managing calculations and payments, and maintaining customer bonus entitlement calculations and processing.
• Preparing periodic Accounts Receivable reports, credit control statistical and exception reports, overdue reports by branch, aging reports by various dimensions, and commission and promotion-related reports.

Team Leadership and Development

The Section Manager will lead, coach, and develop the Accounts Receivable team, fostering a high-performance environment. This includes:

• Setting individual KPIs and performance objectives, conducting performance reviews, and developing individual and departmental succession plans.
• Identifying training and development needs for team members.
• Recruiting, recognizing, and cultivating high performers to build a robust second line of management.
• Recognizing low performers and guiding them towards improvement or managing their exit.
• Ensuring fair treatment of all subordinates without discrimination, with performance leading to planned results as the primary assessment criterion.
• Ensuring the availability of a delegation of authority matrix to support company policy.

Process Optimization and Business Collaboration

A key aspect of this role involves driving digital transformation and fostering strong internal partnerships. Responsibilities include:

• Leading the digital transformation of Accounts Receivable processes, identifying automation opportunities across invoicing, collections, cash application, reconciliations, reporting, and customer communications.
• Implementing workflow automation and ERP optimization initiatives, collaborating with IT and Finance Transformation teams on digital finance solutions.
• Developing dashboards using business intelligence tools such as Power BI and SAP Analytics Cloud, and reducing manual activities through system enhancements and process standardization.
• Improving ERP utilization and integration across Order-to-Cash processes and monitoring automation benefits through measurable KPIs.
• Developing, coordinating well-defined written systems, policies, and procedures, and seeking automation opportunities.
• Collaborating with Sales, Commercial, Treasury, Legal, and Operations teams, supporting the review of sales contracts, and participating in commercial negotiations involving customer credit exposure.
• Supporting the sales team in responding to customer inquiries and resolving customer-related issues.
• Promoting the use of automated systems and ensuring their full utilization to embed a culture of digitalization.

Qualifications and Experience

Candidates for this role should possess a strong background in Accounts Receivable management and demonstrate leadership capabilities. Required qualifications include:

• A minimum of 5 to 10 years of relevant experience in Accounts Receivable or a similar financial management role.
• Proven ability to take full responsibility for operations, anticipate problems, and make timely, proper decisions.
• Demonstrated capability to deliver required results in a timely manner, with quality and cost efficiency, and to make a tangible difference by exceeding business expectations.
• Experience in transforming corporate goals into business plans, executing, monitoring performance, and initiating corrective actions.
• Proficiency in monitoring and controlling budgets and expenses to achieve optimum cost efficiency.
• Familiarity with IT solutions relevant to the job and business, including business intelligence tools like Power BI and SAP Analytics Cloud, and ERP systems.
• Understanding of organizational development, including developing organizational structures and ensuring job descriptions are in place.

Commitment to Standards and Adaptation

Alfanar values a commitment to high standards and continuous improvement. The successful candidate will:

• Uphold quality as Alfanar’s prime competitive advantage, acting accordingly in all aspects of the role.
• Demonstrate adaptability to new and alternative techniques, technologies, management structures, and business models.
• Ensure a safe, secure, and legal work environment in accordance with standard regulations.