Account Receivable Specialist

Super Food Specialists (M) Sdn Bhd; Johor Bahru; On-site; MYR 60,000 - 80,000; Full time

Job summary

A leading food company located in Johor Bahru is seeking an experienced Accounts Receivable Specialist. The successful candidate will oversee accounts receivable processes, ensuring timely customer payments while effectively managing credit risks. Responsibilities include preparing financial reports, collaborating with sales teams to resolve billing issues, and maintaining compliance with accounting standards and regulations. This role offers an opportunity to contribute significantly to the financial well-being of the organization and requires a strong background in finance and accounting.

Qualifications

• Proven experience in accounts receivable or a similar finance function.
• Strong understanding of financial regulations and compliance.
• Ability to analyze financial data and provide insights.

Responsibilities

• Manage the entire OtC process and identify deviations.
• Initiate collection of receivables and monitor credit risks.
• Prepare and maintain accurate AR records and reports.
• Collaborate with sales teams to resolve billing issues.

Skills

Attention to detail

Communication skills

Credit risk management

Accounts reconciliation

Financial analysis

Education

Bachelor's degree in Finance or Accounting

Tools

JDE

Job description

Super Food Specialists (M) Sdn Bhd – Johor Bahru, Johor

The Accounts Receivable Specialist reports into FEC Lead and is based in Singapore. The job scope for this role is the overall accounts receivable aspect of our Singapore and Export entities.

The Accounts Receivable Specialist is responsible for keeping the AR books properly and accurately, ensuring that customer payments are on time and managing credit risks related to JDE’s customers.

The Finance function supports the company’s strategy and business activities as a business partner working closely with business leaders and functional leaders to drive improved performance, yet facilitating transparency of financial performance across the organization. The Finance function aims to ensure business decisions are grounded in sound financial analysis and endure processes that drive robust financial challenge and accountability. Moreover, the Finance function provides analysis and insight for management to prioritize the allocation of resources to areas where value can be created, supporting strategic and commercial operations which add value. In its role as business partner, the Finance function ensures the company keeps continuous focus on compliance, control and risk management to manage the company’s (financial) risks and meet the requirements of governmental and other regulatory bodies, as well as the internal guidelines (e.g. the Combined Business Model).

Key Activities

The Accounts Receivable Specialist checks the course of the entire OtC process and detects errors or deviating processes by internal or external parties involved (SO creator, customer). He/she initiates the collection of receivables and credit control. He/she supervises the punctual or timely payment of invoices from the customers.

Furthermore, if necessary, he/she communicates with the customer to prevent unnecessary delays in the process and overdue which deteriorate OWC%. Effective management of accounts receivable, including minimizing bad debts and optimizing cash flow.

As part of the internal control system, he/she carries out appropriate checks. Acts as key user for AR processes: manages the execution of sub-processes, monitors process adherence, prepare and participate in regression tests, identify issues, and report them to respective BPO.

Review and monitor customer receivables aging.

Prepare accruals for trade-related expenses, A&P expenses, provision doubtful debts and other AR-related journal entries.

Process customer claims and payment accurately and in a timely manner.

Provides insight to customer payment behaviour and credit risks.

Maintaining accurate and up to date accrued expenses and AR records.

Collaborate with sales teams to resolve customer billing and collection issues.

Performing accounts reconciliation.

Ensuring accounting and other AR related processes are compliant with accounting standards & company policies.

Identify and mitigate credit risks.

Check and reconcile customer statement of accounts, follow up on unreconciled items.

Prepares management reports for Sales and FP&A team.

Maintain AR books for respective countries and sales channels in accordance with accounting principles and all relevant regulations, laws and standards.

Implementing and maintaining AR processes and systems across the organization.

Liaise with external service provider for relevant outsourced accounting activities.

Ensure distribution agreement with customers are signed in a timely manner.