Job Summary

This individual will manage specific finance functions related to the collections of delinquent receivables for a portfolio of accounts in the EMEA region in order to maintain the WHR cash flow. The qualified candidate will be required to converse and communicate in English as a minimum in relation to the portfolio coverage and other languages could be beneficial.

In addition they will work closely with franchisees and Field Operations, as well as internal departments mainly Finance & Legal ensuring that franchisee’s and hotels financial obligations to WHR are met in a satisfactory manner. Areas of responsibility mainly include but are not limited to collection and missing withholding tax receipt calls; resolving past due accounts; negotiating payment arrangements; reviewing financial statements; fielding incoming calls; recommending accounts for next collection steps, account reconciliations including submitting write-offs and payment processing details; reconciling withholding tax receipts and VAT (where applicable) and perform withholding and VAT (where applicable) adjustments and other miscellaneous write-offs.

The individual will also be required to complete the daily identification and application of payments and special projects.

They require an understanding of withholding tax implications. Additionally, this individual is required to identify and resolve financial issues, as well as communicate such issues to Senior Finance management on a timely basis.

Complexity

The position has autonomy to process and reconcile withholding tax for individual accounts.

Withholding tax write-offs processed by the Specialist are prepared independent of direction but require final management approval. Cash applications are performed without supervision and no review prior to processing

The Specialist works to resolve outstanding accounts in a way that directly impacts WHR cash flow. This position provides expertise in developing settlements arrangements for collection.

The Specialist will also determine the collectability of receivables and make write-off recommendations. The position is expected to work without routine supervision.

The position is expected to provide valuable insights for senior management to use to make decisions for achieving the financial goals of the organization.

Scope/Financial Responsibility

The individual has a high level of impact on EMEA cash flow.

They are critical to timely processing of payments and write-offs, ensuring accounts reflect accurate amounts due, in turn impacting the collectability of monies.

Failure to accurately and efficiently perform the job responsibilities will have a negative impact on cash collections, outstanding withholding tax & VAT (where applicable), unapplied cash, and levels of customer service as issues with accounts will rise. Incorrectly processing tax adjustments has potential tax implications.

This position has a measurable impact on the company’s financial performance as it has a direct impact on collections (cash flow) and pursuit/resolution of outstanding accounts (reduction of bad debt). The role is responsible for improving the A/R aging, improving DSO, obtaining, and processing withholding tax receipts, and maintaining overall A/R integrity. The individual oversees the collection process and ensures accurate collection measures are being taken to reduce the overall company liability and exposure.

Abilities/Key Competencies/Skills

Experience/Certificates/Education