Job: Construction Accounts Receivable and Payable Specialist in Cairo, Egypt

Experience Needed:
3 to 4 years
Career Level:
Experienced (Non-Manager)
Job Type:
Full Time

Salary:

Confidential

Education Level:
Bachelor’s Degree at least
Languages:
Arabic, English
Vacancies:
1
open
position
Gender:
Males Only

About the Job

General Description:
The Accounts Receivable and Payable Specialist is responsible for full-cycle Accounts Receivable and Payable Accounts and must be able to meet monthly deadlines.

  • Verify accurate job setup and owner contract information in the ERP system.
  • Process AR invoices and related documentation in compliance with financial policies and procedures.
  • Verify and balance AR billings.
  • Enter cash management transactions and reconcile bank accounts and making sure all reconciling items are resolved.
  • Track and maintain documentation, and payment irregularities.
  • Analyze and troubleshoot billing issues.
  • Manage in compiling, analyzing and processing all receipts.
  • Maintain AR aging within terms. Apply checks, ACH payments.
  • Read various forms of agreements to determine contractual requirements such as Insurance Requirements, Bonding Requirements, Invoicing Requirements.
  • Generate monthly progress contract billings, collect supplier & sub-contractor lien releases.
  • Pays vendors by monitoring discount opportunities; verifying TIN numbers; scheduling and preparing checks; resolving purchase order, contract, invoice, or payment discrepancies and documentation; insuring credit is received for outstanding memos; issuing stop-payments or purchase order amendments.
  • Setup change orders in ERP system.
  • Maintain internal document tracking for all jobs.
  • Communicate with the management team on billing & collection issues.
  • Notify the Project Accountants on incoming payments related to their projects.
  • Reconciles processed work by verifying entries and comparing system reports to balances.
  • Charges expenses to accounts and cost centers by analyzing invoice/expense reports; recording entries.
  • Pays employees by receiving and verifying expense reports and requests for advances; preparing checks.
  • Disburses petty cash by recording entry; verifying documentation.
  • Participate in process review and recommendations.
  • Ability to adapt quickly to change and meet numerous internal & external deadlines throughout the month.
  • Maintains accounting ledgers by verifying and posting account transactions.
  • Verifies vendor and customer accounts by reconciling monthly statements and related transactions.
  • Maintains historical records by scanning and filing documents.
  • Preparing all necessary financial and financial analysis for the auditors and the Accountant Manager.
  • Reports value-added tax by calculating requirements on paid invoices.
  • Protects organization’s value by keeping information confidential.
  • Interact with other departments to ensure accuracy and understanding of their entries.
  • Updates job knowledge by participating in educational opportunities.
  • Accomplishes accounting and organization mission by completing related results as needed.

Job Requirements

Minimum Qualifications:

  • A degree in Accounting or Finance is required.
  • Strong knowledge of Egyptian Accounting Standards and IFRS.
  • Solid background of construction sector accounting.

EXPERIENCE

Minimum Experience:

  • 3-4 years Construction AR and AP experience in a job cost environment is critical
  • At least two years in a similar job position.
  • Experience in cost accounting in Construction companies

Skills

  • Thorough knowledge of applicable accounts receivable/payable/general ledger systems and procedures, financial chart of accounts and corporate procedure.
  • SAP experience (preferred).
  • Excellent written and verbal communication skills.
  • Strong organizational skills and must be detail-oriented
  • Strong problem-solving skills, basic accounting principles knowledge, documentation skills, research and resolution skills, data analysis and multi-tasking skills.
  • Advanced MS Excel skills including Vlookups and pivot tables.
  • Excellent in PowerPoint and Word.
  • Open to change and willing to learn new skills.
  • Ability to follow up on pending issues.
  • Ability to meet deadlines.

Ability to work independently and with a team in a fast-paced and high volume environment with an emphasis on accuracy and timeliness.

Source link