Manager - Financial Operations

تعلن The Red Sea Utility Company عن حاجتها إلى Manager - Financial Operations.

Division: Support Services. Department: Finance. Reports to the Director of Finance.

Job Purpose: Lead and manage the full accounts receivable and billing lifecycle within the Utilities Finance department; ensure accurate and timely invoicing, revenue recognition, and effective collections to optimize cash flow; drive process improvements, implement automation initiatives, and maintain strict compliance with regulatory requirements and internal controls.

Responsibilities:

AR & Billing Operations: lead end-to-end billing processes; finalize end-user agreements; collaborate with operations to ensure completeness and accuracy of consumption data; generate and submit final bills to clients; reconcile payments and close invoices in SAP ERP.

Manage Collections & Credit Risk: monitor aging reports and identify delinquent accounts; negotiate payment arrangements with overdue customers; escalate unresolved cases promptly; collaborate with stakeholders to define and implement optimal credit policies.

Ensure Compliance & Controls: maintain robust internal controls and adherence to regulatory frameworks specific to utilities; support internal and external audits; implement policies and procedures to safeguard receivables.

Reporting & Analysis: prepare and present AR KPIs; provide actionable insights to senior leadership.

Process Improvement & Technology Optimization: identify process inefficiencies; drive automation initiatives; optimize systems for billing and collections.

Qualifications & Experience:

Bachelor's degree in Finance, Accounting, or related field (MBA or CPA is a plus)

8+ years in AR, billing, credit or collections; minimum 3-5 years in a managerial role

Knowledge of GAAP, receivables internal controls, and regulatory requirements

ERP proficiency with SAP, Oracle and experience with CRM systems

Strong team building and mentoring abilities

Excellent communication and negotiation skills

Skills: experience in the utilities sector; analytical skills with Excel, data visualization & reporting tools; utility-specific billing systems or measurement tools experience.