Accounts Receivable Lead

WHO IS LAFARGE?As a member of Holcim Group, a global leader in innovative and sustainable building solutions, Lafarge is enabling greener cities, smarter infrastructure, and improved living standards all over Egypt. With sustainability at the core of our strategy, we are becoming a net-zero company, thriving with our people and communities. Lafarge Egypt launched one of the largest cement plants in the MENA region which is located in Ain Al-Sokhna, with a plant capacity of 9.5 MT and 5 state-of-the-art production lines. Through its established business operations in Cement, Ready-Mix concrete, Lafarge Egypt has demonstrated its commitment to the provision of sustainable building materials. Lafarge Egypt continuously seeks to meet the needs of a wide range of customers including but not limited to individual homebuilders, large construction companies, architects, or local artisans, powered by 1500 passionate employees.Overview:Our AR Lead will:Manage the A/R and Credit operations for all entities, partnering with Commercial teams to ensure a seamless end to end process.Monitor and reviews customer balances, proper invoicing and clearing of customer payments.Design Processes, SOPs and SLAs for O2C stream.Responsibilities:Health & Safety:Adhere to and enforce relevant legislation and policies and ensure that highest degree of safety and safe working practices are maintained.Functional:Billing Process:Supervises customer’s invoicing process ensures it is completed on time and without errors. Reviews and records escalations as per communicated figures from LRMXE commercial team.Tailor and design all processes, SOP’s and flows for the entire organization to ensure full compliant revenue recognition process.Decide on irregular treatments like rebates, provisions, netting, Scrap sales, etc.Coordinate with Commercial, FP&A, Treasury and Tax teams to ensure accurate forecasting of AR and revenue balances and report it to Country Controller and CCFO.Reporting needed write off or write in according to laws, regulations and internal processes to Country Controller.Allocate resources to meet EXCO, Group and governmental ad hocks that require specific reporting of historical bookings reports.Review DSO report per legal entity and report it to CCFO and Financial Controller.Manage other products revenue and scrap sales processes and act as Finance representative for organization auctions.Ensure all invoices Submission process to customers and through tax portals are carried out properly.Review and ensure all E-Invoices submissions are met and reconciliations are performed with no or justified variances.Review reports and KPI’s related to billing process.Credit Management and Collection Processes:Records approved credit limits and ensures alignment with Lafarge Credit Policy.Initiate high level communication with top customers for any issues related to collections.Monitoring of Aging reports across all PL’s.Coordinate with commercial team the daily collection process using all methods of communications.Ensure Customers balance confirmations are performed in a timely manner.Prepare reports and KPI’s to present collections targets to top management.Manage credit committees for all legal entities.Perform credit assessment using market intelligence, banking relations and all possible methods of communication for all customers before initiating any contractual agreement to be approved by the country controller.Approve credit limits, threshold and guarantees in place.Continuous reporting of customers status with regard to their collection performance, market condition and anticipated changes to top management.Provide reports to country controller for identifying risks and opportunities in the credit management area, if any.Report and monitor allowances for doubtful debts.Coordinate with legal and commercial team for any legal cases that needs to be filed against certain customers or due to any commercial dispute.Customers Relations:Manage all customer’s relations activities to ensure all customer’s inquiries related to A/R activities are answered in a timely mannerReview and authorize all customers’ correspondences.Hold regular meetings with key customers and ensure high level of satisfaction.Approve and report any customer deduction after investigating root causes and possible action plans for mitigation.Approve customer’s requests for netting transactions and share it with controller for approve.Approve all customers debit and credit notes and share it with controller to approve itIntercompany Flows:Engage in the overall intercompany trade processes through setting credit limits, schedule of settlements, rebates, transfer pricing, tax topics, legal documentation and important EXCO decisions that govern relations of intercompany.Engage in decision of intercompany trade transactions including sale of assets, trade in, cash pooling, netting, etc… Reconciliations and MEC Activities:Manage O2C month end closing process, decide on deadlines, assign activities and requirements to different internal stakeholders and ensure all deadlines are met.Approve all reconciliations prepared by AR team for revenue recognition, prices, scrap sales, exports, etc...Coordinate with FP&A team to allocate any opportunities or risks before MEC process is finalized.Reporting and Analysis:Design specific reporting requirements and main KPI’s to be pursued on a monthly basis.Coordinate with internal departments for collective reporting packages and ensure meeting all deadlines.Internal and External Audit Processes:Provides internal and external audit requirements as requested while adhering to deadlines.Education, Qualifications & Experience:Education :Bachelor Degree – Faculty of English Commerce/Business Administration.Technical Skills & Experience: Financial Analytical Skills.Excellent English Language.Excellent Microsoft office (Excel, Word & PowerPoint).Negotiation Skills7 Years of experience in accountingWHO ARE LAFARGE PEOPLE?Lafarge people are passionate about finding better ways to build. They embrace innovation and improvement with a pioneering spirit. They work as trusted partners, creating better solutions and experiences for their customers, communities, and colleagues.YOUR LAFARGE EXPERIENCE:At Lafarge, there is endless opportunity for you to play your part. Whether you’re in a technical, managerial, or frontline role, you can shape a career that works for you. With us you’ll have the chance to embrace the passion we share for our planet. You’ll be encouraged to seek out diverse perspectives, share your ideas, and build the skills and connections you need to perform at your best. Because it’s only when we work together in a culture where everyone thrives, that we can build the world we all want to live in.