Job Title:  Senior Accountant - Ibyta (Dubai)

Reports To: Finance Manager - UAE

About the Company:

Ibyta is a Cozmo Travel & Air Arabia group company which is technologically driven b2b system to simplify your travel needs, which indulges in the world of travel by global interventions which are cost effective catering to10,000 destinations worldwide. Ibyta has a prime access to over 700,000 hotel and apartments where othe clients' interests are regarded quintessential.

Job Purpose:

Responsible for overseeing credit control, ensuring timely and accurate daily revenue monitoring, managing client relationships to ensure adherence to financial agreements, and ensuring compliance with financial regulations through accurate reporting, contributing to the company’s financial stability and growth.

Key Responsibilities:

1. Credit Control

• Review and assess the creditworthiness of new and existing clients, travel agents, and partners, setting up credit limits and terms in accordance with company policies.
• Manage the collections process for outstanding invoices and payments from clients and travel partners, regularly following up on overdue payments and resolving billing or invoicing disputes.
• Reconcile client accounts by ensuring accuracy of financial records, payments received, and credit notes issued, while promptly handling adjustments and rectifying discrepancies.
• Identify potential credit risks and collaborate with the finance team to implement mitigation measures, while monitoring overdue accounts and determining actions such as credit holds or legal proceedings.

2. Daily Revenue Monitoring

• Monitor daily revenue streams, including ticket sales, hotel bookings, commissions, and other income sources, while preparing daily, weekly, and monthly revenue reports for management.
• Analyze revenue data to identify trends, discrepancies, or anomalies impacting revenue targets, while liaising with the sales and operations teams to ensure accurate tracking and reporting of all revenue sources.
• Monitor daily cash flow to ensure proper collection and allocation of revenues to the company’s accounts, while assisting in forecasting cash flow based on revenue patterns and upcoming collections.
• Collaborate with the finance and Back office team to reconcile revenue reports with actual bank deposits, ensuring accuracy.

3. Client Relationship Management

• Act as a point of contact for clients regarding financial queries, credit terms, or payment issues.
• Build and maintain strong relationships with key clients to ensure timely payments and mutual understanding.

Compliance and Reporting

• Ensure compliance with all relevant financial regulations, policies, and procedures.
• Assist in the preparation of financial reports for internal and external audits.
• Generate reports for senior management on credit control, revenue status

Dimensions:

Personal Qualities:

• Strong understanding of financial principles, credit risk, and revenue management.
• Ability to analyse large sets of financial data and identify key trends and issues.
• Ensuring accuracy in invoicing, payments, and financial reporting is critical.
• Excellent English communication skills (Written & Verbal)
• Must have valid UAE driving license

Education:

• Bachelor’s degree in Commerce, Finance, Accounting or Business Administration

Experience:

• Minimum 3 years’ experience in Travel Agency in credit control, revenue monitoring, or related roles.
• Prior experience in handling receivable accounts of MNCs.
• Proficient in financial software, ERP systems and other data analysis tools.