Treasury and Receivable Accountant - Ports and Terminals

Job Function

Responsible for managing a company’s cash flow and Receivables, ensuring smooth cash flow, and maintaining accurate financial records.

Key Performance Areas:

Cash Management: Cash Management:

Monitor daily cash flow, deposits and withdrawal ensuring sufficient liquidity to meet operational needs and obligations.

Facilitate FX deals by various local banks.

Initiating local transfers between own bank accounts and maintaining closing balances ratios as per Treasury policy.

Maintain Petty cash float, handle cash advance, and expense claims, making sure requests have necessary approval and supporting documentation.

Request cash, or write cheques and collect cash from the bank

Distribute cash to requestors

Ensure documents and payments are posted in the accounting system timely

Maintain records on imprests and expense claims, and follow up for the settlement

Request reimbursement for petty cash float

Bank Reconciliation:

Reconcile bank statements with company records to identify discrepancies and ensure accurate cash reporting.

Manage company corporate cards, ensuring auto pay and account reconciliation is done timely.

Review, follow up and resolve Payments which have been rejected by bank or signatories, Failed payments, unprocessed payments by bank, payments submitted to bank after cut-off time, and any other payment in query with the bank.

Provide Support in Bank related issues:

Supporting the bank with required documents, updating signatories as per board resolutions.

Involvement in bank integrations and process improvements

Assist in-house bank administration

Request access for new users and removal of users

Maintaining the list of users and their access rights

Bank key contact person

Managing Loan schedules

Maintain loan movement schedules, interests expense workings, and making sure interests are paid timely

Posting

Posting own account transfers, bank charges, and forex gain or loss

Journal preparation for all treasury related activities

Customer Invoicing:

Ensure that invoices are accurate and comply with contract terms and company policies.

Conduct daily checks of the previously settled invoices from billing system to ensure invoices are accurately integrated with the accounting system (Oracle Fusion).

Customer Receipt Creation

Process refunds to customers

Process Customer Credit Notes

Handles Customer Advances

Handle Customer Database in the Accounting System

Handle Unapplied Receipts

Intercompany Chargeback processing, raising of invoices, payment follow up, and reconciliation.

Customer Collections:

Follow up on overdue invoices for credit customers and manage collection efforts to minimize bad debts.

Ensuring services are not provided with insufficient funds.

Address and resolve any disputes or issues related to customer payments.

Handle other revenue received and record it in the books of accounts

Customer Cash Application:

Accurately apply customer payments to appropriate invoices and accounts. Identify Unapplied receipts and follow up with billing and system support team for clearance.

Reconcile accounts receivable ledger to ensure all transactions are accounted for and accurate.

Manage Customer Relations:

Maintain good relationships with customers and handle inquiries regarding their accounts.

Quickly address any issues or discrepancies related to accounts receivable.

Compliance and Controls:

Adhere to accounting principles and company policies to ensure the accuracy and integrity of accounts receivable transactions.

Establish and follow internal controls to safeguard receivables and prevent fraud.

Reporting:

Generate daily, weekly and monthly reports

Daily Cash Position,

Weekly Cash Position,

Weekly Cash Projection

Weekly Collection Report

Weekly Imprest Report

Weekly Corporate Card Report

Monthly Bank Reconciliation

Monthly Sales Report

Monthly Receivable Ageing report

Monthly Trade Receivable Report

Monthly Advance from Customers Report

Monthly Unapplied Receipts report

Monthly Unidentified Receipts Report

Monthly Intercompany Reconciliation Report

Monthly Accrual Revenue Report

Process Improvement: Identify opportunities for enhancing treasury and receivables processes and systems to improve efficiency and effectiveness

Qualifications Required:

CPA, bachelor’s degree in finance, accounting, economics, or a related field

Experience and Skills Required:

Minimum of 3 years of work experience in finance, accounting, or treasury management.

Proficiency in financial software, accounting systems, and advanced Excel skills.

Regulatory Compliance, Strong understanding of accounting and financial principles, Cash Management.

Possess strong proficiency in Excel and accounting software (Oracle)

Strong knowledge and experience of fixed assets and General Ledger

A solid understanding of accounting principles

Organizational and time-management skills.

Attention to detail and accuracy.

Ability to work collaboratively with the existing team

Abilities to work under pressure and minimum supervision

Professional qualification such as ACCA/CPA preferred.

About DP World

Trade is the lifeblood of the global economy, creating opportunities and improving the quality of life for people around the world. DP World exists to make the world’s trade flow better, changing what’s possible for the customers and communities we serve globally.

With a dedicated, diverse and professional team of more than 111,000 employees from 159 nationalities, spanning 77 countries on six continents, DP World is pushing trade further and faster towards a seamless supply chain that’s fit for the future.

We’re rapidly transforming and integrating our businesses -- Ports and Terminals, Marine Services, Logistics and Technology – and uniting our global infrastructure with local expertise to create stronger, more efficient end-to-end supply chain solutions that can change the way the world trades.

What's more, we're reshaping the future by investing in innovation. From intelligent delivery systems to automated warehouse stacking, we’re at the cutting edge of disruptive technology, pushing the sector towards better ways to trade, minimising disruptions from the factory floor to the customer’s door.

DP World is on a mission to transcend boundaries and bridge the gap between all nations and cultures – not just in what we do but also in how we behave.

We are dedicated to creating a culture where everyone feels respected, supported, and empowered to reach their full potential. We believe that embracing inclusion and diversity, drives innovation and growth and helps us connect people, businesses, and societies. Free minds and different perspectives are changing our world, and together we can change what’s possible.

WE MAKE TRADE FLOW TO CHANGE WHAT'S POSSIBLE FOR EVERYONE.

By submitting your resume and application information, you authorize DP World to transmit and store your information in the world-wide recruitment database, and to circulate that information as necessary for the purpose of evaluating your qualifications for this or other job vacancies.