Receivable & Revenue Accounting Executive

Job Objective:

Reconcile all billing reports, processed partner / vendor invoices, financial related inventory from businesses and perform the pre and post launch profitability analysis for the company’s products to calculate the costs and assess the actual incremental revenues earned for the company.

Key Responsibilities:

• Obtain the processed invoices of all Data-com Partners, Calculate the revenues for all Data-com products provided including DIA, MPLS, GMPLS and Leased Line Circuits, and pass the necessary entries in the financials.

• Follow-up outstanding DIA balances on quarterly basis highlight long outstanding items and propose doubtful debt provision accordingly.

• Perform the pre and post launch profitability analysis for post-paid voice and broadband major Consumer products by extracting the actual incremental earned revenues and incurred costs and report the results to finance management.

• Obtain the inventory purchase/sales report from ERP inventory, ensure accurate, complete and automatic interface of the inventory purchase/sales report from ERP inventory module to ERP GL module on a daily basis.

• Obtain necessary information for re-valuation of inventory items to its Net Realizable Value; write the differences to P&L.

• Provide support to IT, supply chain, warehouse and sales teams for all inventory financial related matters. 

• Conduct on periodic basis complete stock count of all inventory items in stc Bahrain’s warehouse, Prepare the Warehouse Inventory report, investigate and sort out all variances raised from the stock count & report the final finding to the finance management. 

• Reconcile on on-going basis the Aging report from the billing system with the financial system Receivable accounts, identify differences, investigate and pursue adjustments.

• Estimate bad debt expenses/allowance for all mobility accounts on monthly basis in line with approved policies and procedures.

• Identify test-sims accounts and exclude all test usage, payments and sales from actual revenue/payment records.

• Obtain the periodic Postpaid mobility adjustment report, map the adjustments to its relevant revenue stream and pass the necessary journal

• Prepare periodic report of all Enterprise revenues including Datacom and Mobility for both postpaid voice & broadband.

• Attend to External/ Internal Audit regular requests and provide all required information.

• Preparing the monthly backup file & ensure the accuracy & the completeness of the reported figure

•  Perform other responsibilities as per the higher levels of supervision.

Qualification & Experience:

Minimum requirements:

Bachelor’s degree in finance, Economics, Accounting, or any other relevant field

Minimum of 5 years of experience in Finance/Accounting management.

Role Impact:

• The Receivable & Revenue Accounting Executive plays a critical role in ensuring the accuracy and timeliness of the company’s financial records related to accounts receivable and revenue recognition.

• The role directly impacts cash flow management, financial reporting, and compliance with accounting standards, contributing to the overall financial health and operational success of the organization.

Key Job Competencies:

• Strong knowledge of accounts receivable processes and revenue accounting principles.

• Proficiency in financial software and ERP systems for accurate transaction recording.

• Ability to analyze and reconcile accounts to ensure data integrity.

• Understanding of relevant accounting standards (e.g., GAAP, IFRS) related to revenue recognition.

• Excellent attention to detail and organizational skills.

• Effective communication skills to collaborate with cross-functional teams and resolve discrepancies.

• Problem-solving aptitude to address and prevent accounting issues.

• Time management skills to meet reporting deadlines.