AR (Accounts Receivable) Accounting and Reporting Specialist

• Monitor and maintain accounts receivable aging reports to track outstanding balances.
• Review and reconcile customer accounts, ensuring accuracy and completeness.
• Generate and send invoices to customers in a timely manner.
• Follow up on overdue invoices and initiate collection efforts.
• Calling the clients and updating regularly the track sheets.
• Coordinate with internal teams to resolve billing discrepancies or disputes.
• Process customer payments and accurately apply them to respective accounts
• Making necessary rectifications to the invoices and uploading it on customer portals.
• Tracing the invoices on customer portals and matching it with Purchase orders.
• Handling the AR mailboxes and responding to customer queries.
• Control Implementation and Compliance:

• Develop and implement robust controls to safeguard company assets and prevent fraud.
• Setting up automatic dunning runs, coordinating correct update of customer master data in the ERP system.
• Review existing AR processes and identify areas for improvement.
• Ensure compliance with accounting policies, procedures, and regulatory requirements.
• Conduct regular audits of AR transactions to identify potential issues or irregularities.
• Collaborate with internal audit and compliance teams to address findings and implement corrective actions.

• Reporting and Analysis:

• Prepare periodic reports on accounts receivable performance, aging analysis, and collection trends.
• Analyze AR data to identify patterns, trends, and areas of concern.
• Provide insights and recommendations to management based on analysis findings.
• Assist in the preparation of financial statements and support internal/external audits as needed.
• Supporting on Corporate reporting packages (Reserve review, YE review related to accounts receivable part)
• Customer credit checking and new customer set ups.
• Regular checking on credit line and highlighting on the outstandings if it exceeds the credit limit set so that necessary timely actions are taken.
• Customer Relationship Management:

• Build and maintain positive relationships with customers, addressing inquiries and resolving issues promptly.
• Communicate effectively with sales, customer service, and other relevant departments to ensure alignment on customer accounts and billing matters.
• Collaborate with sales teams to review customer credit terms and make recommendations for adjustments as needed
• Timely highlighting the non-responding clients to take necessary actions.

• Bachelor's degree or a certification in Accounting, Finance, or related field. Qualified Chartered Accountant is good to have.
• Minimum 5-7 years of experience in accounts receivable, accounting, or finance role. Previous experience in handling the accounts receivable is must.
• Strong understanding of accounting principles and practices, particularly in accounts receivable.
• Experience in accounting software like SAP, Dynamic 365 or other ERP tool is an added advantage.
• Good analytical and problem-solving skills.
• Strong attention to detail and accuracy.
• Effective communication and interpersonal abilities. Proficient in English.
• Ability to prioritize tasks and work efficiently in a fast-paced environment.

Millims