The Accounts Receivable (AR) and Treasury Senior Accountant will play a critical role in managing the accounts receivable and treasury functions of the institution. With a focus on the education industry, the ideal candidate will have a minimum of 5 years of experience and be responsible for ensuring efficient cash flow, accurate tracking of receivables, and timely collections while adhering to local laws and regulations. 

Skills

Accounts Receivable (AR) Management:

▪ Oversee the full Accounts Receivable (AR) cycle for the school, ensuring that tuition fees, activity fees, and other receivables are invoiced correctly and collected on time.

▪ Regularly review student accounts and follow up on outstanding balances, coordinating with the administrative team to ensure up-to-date records.

▪ Handle complex situations, such as scholarships, and payment plans, while ensuring compliance with internal policies.

▪ Monitor and maintain accurate aging reports, ensuring the timely resolution of any discrepancies. Aging and Bad Debts Provision:

▪ Prepare and review aging reports on a monthly basis, tracking overdue payments and taking action where necessary to minimize bad debt exposure.

▪ Develop and implement strategies for reducing overdue balances, including payment reminders and follow-up processes.

▪ Collaborate with legal and finance teams to ensure compliance with local laws concerning bad debt provisions.

▪ Work with external collection agencies, where necessary, to recover overdue amounts.

Collections and Compliance:

▪ Lead the collections process, working closely with parents, guardians, and sponsors to ensure all outstanding tuition and fee payments are collected in a timely manner.

▪ Ensure all collections are handled with cultural sensitivity and in alignment with the school's mission of providing educational access.

▪ Maintain up-to-date knowledge of relevant legal frameworks governing collections, debt recovery, and student-related financial transactions in Saudi Arabia, Bahrain, and the UAE.

▪ Coordinate with the finance team to align collections with cash flow forecasts and ensure adherence to financial policies.