The Accounts Receivable (AR) and Treasury Senior Accountant will play a critical role in managing the accounts receivable and treasury functions of the institution. With a focus on the education industry, the ideal candidate will have a minimum of 5 years of experience and be responsible for ensuring efficient cash flow, accurate tracking of receivables, and timely collections while adhering to local laws and regulations.
Accounts Receivable (AR) Management:
▪ Oversee the full Accounts Receivable (AR) cycle for the school, ensuring that tuition fees, activity fees, and other receivables are invoiced correctly and collected on time.
▪ Regularly review student accounts and follow up on outstanding balances, coordinating with the administrative team to ensure up-to-date records.
▪ Handle complex situations, such as scholarships, and payment plans, while ensuring compliance with internal policies.
▪ Monitor and maintain accurate aging reports, ensuring the timely resolution of any discrepancies. Aging and Bad Debts Provision:
▪ Prepare and review aging reports on a monthly basis, tracking overdue payments and taking action where necessary to minimize bad debt exposure.
▪ Develop and implement strategies for reducing overdue balances, including payment reminders and follow-up processes.
▪ Collaborate with legal and finance teams to ensure compliance with local laws concerning bad debt provisions.
▪ Work with external collection agencies, where necessary, to recover overdue amounts.
Collections and Compliance:
▪ Lead the collections process, working closely with parents, guardians, and sponsors to ensure all outstanding tuition and fee payments are collected in a timely manner.
▪ Ensure all collections are handled with cultural sensitivity and in alignment with the school's mission of providing educational access.
▪ Maintain up-to-date knowledge of relevant legal frameworks governing collections, debt recovery, and student-related financial transactions in Saudi Arabia, Bahrain, and the UAE.
▪ Coordinate with the finance team to align collections with cash flow forecasts and ensure adherence to financial policies.
EEP’s portfolio currently comprises 19 assets across Cairo, Alexandria and soon in Soma Bay; 11 schools at various stages of development with a combined capacity reaching around 20k students, 8 Pre-School Branches with combined capacity close to 1000 students. The platform operates in the Egyptian market under 5 different verticals and brand names including GEMS International Schools, Hayah Schools, Prime International Language Schools, Trillium Preschools alongside investments in adjacent services like student transportation which is rendered through the platform’s majority owned by Option Travel. As EEP continues to grow, we are committed to providing the highest quality education possible to our students. Thanks to the hard work of our staff and students, EEP is quickly becoming one of the leading educational providers in Egypt.