Finance Specialist Account Receivables
4 weeks ago
Job Description
Title: Finance Specialist Account Receivables
Business unit: F&A
Reporting to : Assistant Manager
Key stakeholders: Local & Regional Finance Teams
Duties & responsibilities
What this job involves
- Analyzing and reconciling cash/amount received in the Bank Accounts and Lockboxes
- Analyze and research clients aging history against the over/short payments.
- Query handling working on all queries received and keeping a close tab on any pending queries that could be resolved and following up on the rest
- Contacts Accountants and various teams whenever necessary to determine the proper payment application
- Research and analyze duplicate and erroneous payments. Work with Bank and Treasury teams to reconcile the errors.
- Archiving, records retention, and audit support
- Escalate unresolved issues/concerns
- Assist in training new employees
- Working on different process-related and ad-hoc reports including but not limited to: Direct Debit processing, AR to GL reconciliations, KPI's, other Quarterly Reports and more
- Analyzing reports for System Auto Applications to ensure proper applications
- Analyzing reports for Corporate Business Lines to ensure the timeliness and accuracy of applications
- Performing quality checks to ensure all other deposits are correctly applied
- Work with the Controllership team to ensure streamlined protocols are being followed
- Support cross-functional processes as and when required
- Keeping all the process-related documents intact on a real-time basis
- Serve as an expert resource on the data gathered and the data model. Assist in coordinating analysis
- Support team's efforts to develop efficient reporting strategies including automation and simplification of reporting processes while preserving data integrity
- Support cost-savings and process improvement initiatives
- Identify tactical and strategic opportunities, gaps and financial risks
- Forecast accuracy reporting
- Any and all other duties and tasks assigned
- Special projects and other functions as required by manager
- Assign work, solve workload problems and ensure high productivity levels
- Assess workloads to determine an equal distribution of the workload and identify when additional or less staff is required
- Ensure service delivery as agreed norms and SLAs
- Undertaking month-end closing activities and Reporting
- Update process documents and capture the exceptions while processing as and when required
- Provide assistance during internal/ external audits
- Liaise closely with the Onshore Finance team and other stakeholders
- Perform root cause analysis to drive process improvements
- Data Management, Reporting & stakeholder management
Perform other duties assigned as and when required i.e. process improvement initiatives, system implementation and ad-hoc projects
To apply you need to have:
- Ability Degree in Accounting or relevant professional accountancy qualification.
- Preferably more than 4 years of working experience Account Receivables
- Ability to multi-task and work in a dynamic and fast paced environment
- Team player and yet able to work independently.
- SAP, PeopleSoft or Large-Scale ERP financial systems experience a plus.
Performance objectives
- Fulfill agreed SLAs with Onshore finance teams
- Improved internal procedures and compliance with policies
Key skills
- Strong Excel skills
- Excellent analytical, interpersonal and communication skills with all levels of management
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