PCFC - Accounts Receivables and Cash Management

About Ports, Customs and Free Zone Corporation:

The Ports, Customs and Free Zone Corporation (PCFC) was officially established in 2001, under the authority of the Dubai Government. There are a  number of entities and institutions operating under its umbrella, including Port Rashid, Jebel Ali Port, Al Hamriya Port, which are managed by Dubai Ports Authority, in addition to the Department of Planning and Development - Trakhees, the Dubai Maritime ​Authority and the Office of the Marine Agency for Wooden Dhows, as well as the investment arm and  security arm of the corporation, represented by Investment Department and Security Department.

Key Accountabilities(Statements that describe the main responsibilities of the job)

Accounts Receivables:

• Oversee the entire Accounts Receivable function, managing a team responsible for accurate and timely invoicing, collections, and application of payments.
• Develop and implement effective credit and collection strategies to optimize cash flow and minimize bad debt risk.
• Collaborate with BU and customer service teams to resolve billing and payment discrepancies and ensure customer satisfaction.
• Monitor and analyze key AR metrics, providing regular reports to Finance management on aging reports, and other relevant KPIs.
• Implement and enforce credit policies, evaluating and approving credit limits for new and existing customers.
• Lead the reconciliation of customer accounts, addressing any discrepancies and ensuring accuracy in financial records.
• Establish and maintain strong relationships with key customers, resolving issues and negotiating payment terms as needed.
• Work closely within the finance department to ensure seamless integration of AR processes with overall financial operations.
• Participate in formulation and enhancement of AR-related policies, procedures, and systems to improve efficiency and compliance.

Cash Management

• Develop and implement strategic investment plans, annually enhance policies, and formulate operational improvement plans.
• Assist in maintaining effective governance within the treasury function.
• Support technology requirements for Cash management operations.
• Develop and maintain strategic relationships with banks and financial institutions.
• Assist in industry research and evaluate investment opportunities. Assess opportunities for investment, particularly in term deposits, and formulate cash planning strategies based on historical trends.
• Monitor risk mitigation and profitability optimization.
• Perform in-depth analyses of various scenarios and potential risks, providing timely and precise financial reports to senior management.
• Conduct a detailed examination of cash flows within entities, differentiating net consumers and contributors for refined financial planning strategies.

Others

• Provide guidance and training to the team, fostering a high-performance culture and continuous improvement in processes.
• Contribute in achievement of Department objectives by executing / achieving the KPIs assigned by line manager and submit relevant supporting documents during KPIs evaluation.

Education Qualification & Certifications

Required : 

Bachelor’s Degree in Accounting, Finance, Economics or relevant field

Preferred :

Membership in any one of the Professional Accounting bodies, CPA, CA, CIMA, ACCA but not mandatory

Master’s Degree preferable specialized in accounting , finance or relevant field

Experience Required

Min. Exp. Required :

8+ years in relevant field of which 3+ years in managerial role

Hands-on experience with accounting software and statistical packages; Group Reporting experience