Account Receivable Executive 1

Kuala Lumpur - Malaysia

Monthly Salary: Not Disclosed

Posted on: 14 hours ago

Vacancies: 1 Vacancy

Job Summary

Job Summary

Implement credit policy processes and internal controls. Conduct financial background and reference checks. Track credit/collection history follow-up on payments due and coordinate renegotiation activities (where necessary).

General Responsibilities

Support manager in managing day-to-day operating expenditures against operating budgets to ensure efficient usage of resources.
Implement credit policy processes and internal controls to ensure governance over the credit control/collections function.
Conduct new customers financial background and reference checks to verify creditworthiness. Provide check results to facilitate decisions on credit limit assignments.
Track the credit and collection history of existing customers. Analyze customers payment performance and check for potential credit risks to mitigate potential payment defaults.
Follow-up on payments due and check against assigned credit limit/credit policy. Highlight potential debt recovery issues and suggest solutions to recover debts.
Coordinate activities related to renegotiation of customer payment plans and reassignment of credit limits to ensure recoverability of debts.
Implement continuous improvement initiatives to streamline existing credit control processes and improve efficiencies through a better utilization of automated systems.
Work closely with internal stakeholders in monitoring collections (e.g. days sales outstanding monthly collection targets etc.) and resolving customer payment issues.
Work closely with customers on collections and reconciliation of balances to ensure accurate and timely recovery of payments.
Support daily operation including order releasing.
Download the claims from retailers portal allocate the cost by client uploading to Exceedra for BU to validate the claims.
Follow-up on dispute A&P cases Credit Note and Refund status from BU/Customer.
Implement continuous improvement initiatives to streamline existing A&P processes and improve efficiencies through a better utilization of automated systems.
Work closely with internal BU/AR in monitoring Clearing A&P issues update A&P matrix if any movement in BU.
Coordinate activities related to overdue aging in main account WID & U aging propose charge to PnL.
Track the AR main account parking (R13) amount have been deducted on payment check with BPO/Customer for the documents or details status to clear the park amount.

Functional Skills and Knowledge

Demonstrate good working knowledge and understanding of the business and industry.
Demonstrate good working knowledge and application of local/international accounting standards principles and practices; credit control experience is preferred.
Proven hands-on experience in SAP accounting applications is an advantage.
Demonstrate basic research and analytical skills.
Demonstrate proficiencies in office productivity tools.
(e.g. Excel Word and PowerPoint)
Demonstrate fluency in local language and ideally in English both written and spoken.

Education

Degree or professional qualification in Accounting/Finance or a related discipline.

Work Experience

Up to two years experience in a similar role.

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Job SummaryImplement credit policy processes and internal controls. Conduct financial background and reference checks. Track credit/collection history follow-up on payments due and coordinate renegotiation activities (where necessary).General ResponsibilitiesSupport manager in managing day-to-day op...