Account Receivables Lead

R.E.A.L Education Group Sdn Bhd; Kuala Lumpur; On-site; MYR 60,000 - 80,000; Full time

Job summary

An educational institution in Kuala Lumpur is seeking an experienced Accounts Receivable Manager to oversee daily operations and lead projects aimed at optimizing processes in AR. The role involves ensuring the accuracy of invoicing and payment processing, managing customer accounts, and collaborating across teams to implement best practices. Ideal candidates will possess strong leadership skills and a deep understanding of accounting principles. This position offers a chance to drive significant improvements in financial operations.

Qualifications

• Experience in managing accounts receivable operations.
• Strong leadership skills and ability to guide teams.
• In-depth knowledge of financial regulations and controls.

Responsibilities

• Manage day-to-day operations of the AR department.
• Ensure timely and accurate invoicing and payment processing.
• Lead projects to improve AR efficiency through digitalization.

Skills

Process optimization

Accounting principles

Reconciliation techniques

Team leadership

Education

Degree in Finance or Accounting

Tools

Accounting software

Job description

Manage the day-to-day operations of the Accounts Receivable (AR) department. Lead and oversee projects related to process optimization, harmonization, automation, digitalization, and standardization to improve AR efficiency and accuracy. Ensure timely and accurate invoicing, payment processing, and reconciliation. Collaborate with cross-functional teams to implement best practices and innovative solutions and provide strategic guidance to achieve organizational financial goals.

Roles and responsibilities

• Review and reconcile customer accounts and the general ledger, including performing bank reconciliations.
• Propose and monitor provisions for doubtful receivables.
• Handle legal proceedings related to doubtful receivables.
• Allocate payments, both manually and through automated systems.
• Resolve unallocated or problematic amounts.
• Perform monthly revenue analysis for business reviews to ensure accuracy and completeness.
• Serve as a primary contact for inquiries related to receivables accounting and provide guidance to your team.
• Maintain and consult on local AR policies.
• Support the month-end closing and yearly external audit processes by providing timely information and resolving queries from internal customers and auditors.
• Implement and execute new accounting regulations and internal controls, with a focus on Accounts Receivable.
• Lead projects for process optimization, harmonization, automation, digitalization, and standardization, acting as a role model.
• Proactively identify service delivery issues and take appropriate action, promoting performance improvement initiatives and best practices.
• Coordinate closely with other stakeholders to enhance cooperation between teams.
• Provide assistance and guidance to team members in need due to workload or expertise issues.
• Monitor team performance and customer accounts to ensure proper invoice and payment assignments.
• Oversee subledger correction postings, such as managing or writing off differences.
• Maintain sufficient documentation and outline proper contingency plans.