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Job Number 24083517
Job Category Finance & Accounting
Location W Muscat, Al Kharijiyah Street Shatti Al Qurum, Muscat, Oman, Oman
Schedule Full-Time
Located Remotely? N
Relocation? N
Position Type Non-Management
Responsibilities:
Team Management:
Lead and supervise a team of accounts receivable clerks.
Provide guidance, support, and training to team members to ensure efficient and accurate processing of accounts receivable transactions.
Monitor team performance and implement strategies to improve productivity and effectiveness.
Invoice Processing:
Oversee the timely and accurate generation and distribution of customer invoices.
Ensure that invoices are accurately coded and contain all necessary information for prompt payment.
Resolve any discrepancies or issues related to invoices promptly.
Collections Management:
Develop and implement collection strategies to minimize outstanding accounts receivable balances.
Monitor aging reports and follow up on overdue accounts to secure payments.
Communicate effectively with customers to resolve payment issues and negotiate payment plans when necessary.
Cash Application:
Oversee the accurate and timely application of customer payments to their respective accounts.
Reconcile payments received with outstanding invoices and resolve any discrepancies.
Credit Management:
Review credit applications and perform credit checks on new customers.
Establish and monitor credit limits for customers to minimize credit risk.
Work closely with sales and finance teams to evaluate credit terms and make recommendations for credit approvals or adjustments.
Reporting and Analysis:
Prepare regular reports on accounts receivable performance, including aging analysis, cash flow forecasts, and collections activity.
Analyze trends and identify areas for improvement in accounts receivable processes.
Compliance:
Ensure compliance with company policies and procedures, as well as relevant accounting standards and regulations.
Stay updated on changes in accounting regulations and industry best practices related to accounts receivable management.
Qualifications:
Bachelor's degree in Accounting, Finance, or related field.
Proven experience (typically 3-5 years) in accounts receivable or related financial roles, with at least 1-2 years in a supervisory capacity.
Strong knowledge of accounting principles and practices, particularly in accounts receivable management.
Proficiency in accounting software (e.g., QuickBooks, SAP, Oracle) and Microsoft Excel.
Excellent communication and interpersonal skills, with the ability to effectively interact with customers and internal stakeholders.
Strong analytical and problem-solving skills, with keen attention to detail.
Ability to prioritize tasks and manage time effectively in a fast-paced environment.
Experience in process improvement and implementing best practices is a plus.
W Hotels’ mission is to Ignite Curiosity, Expand Worlds. We are a place to experience life. We’re here to open doors and open minds. We are constantly inspired by new faces and new experiences. A tuned-in, up-for-anything spirit is at our core and has made us renowned for reinventing the norms of luxury around the globe. Whatever/Whenever is our culture and service philosophy that brings our guests’ passions to life. If you are original, innovative, and always looking towards the future of what’s possible, welcome to W Hotels. In joining W Hotels, you join a portfolio of brands with Marriott International. Be where you can do your best work, begin your purpose, belong to an amazing global team, and become the best version of you.