Cash Flow Enhancement Professional

1 week ago


Kuwait City, Al Asimah SLB Full time

Cash Flow Enhancement Professionals play a critical role in maximizing liquidity and free cash flow by managing and collecting on a trade accounts receivable portfolio.

Responsibilities:
  1. Portfolio Management: Manage and collect on a trade accounts receivable portfolio, ensuring timely collection and minimizing bad debts.
  2. Process Optimization: Analyze and optimize the customer order to cash process, identifying areas for improvement and implementing changes to increase efficiency.
  3. Dispute Resolution: Resolve invoice disputes in a timely and professional manner, working closely with customers and internal stakeholders.
  4. Record Keeping: Maintain accurate and up-to-date records of all AR-related activities, including notes, communications, and transactions.
  5. Action Items: Assign and track action items related to AR disputes, ensuring timely resolution and minimal impact on cash flow.
  6. Delinquent Accounts: Identify and address delinquent accounts, working closely with the Credit Manager, Sales, and Operations teams to prevent reoccurrence.
  7. Cash Flow Management: Monitor and manage cash flow to ensure timely payments and minimal disruptions to business operations.
  8. Collaboration: Collaborate with internal stakeholders to support cash flow enhancement, collections, cash application, and dispute resolution, ensuring seamless coordination and minimal disruption to business operations.
  9. Uncollectible Debts: Recommend uncollectible debit balances for expense write-off, working closely with the Controller and Financial Analyst to clear balances from the AR portfolio.
  10. Research and Refunds: Research portfolios for duplicate and over-payments, submitting refund requests to the Collections Manager as needed.
  11. Policy Compliance: Ensure adherence to company policies and procedures, including the escheatment policy, to prevent losses and minimize disruptions.

An analytical mind and excellent communication skills are essential for success in this role.



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