AR Accountant

Randstad; Kuala Lumpur; On-site; MYR 100,000 - 150,000; Full time

Job summary

A leading recruitment firm seeks an Accounts Receivable Accountant in Kuala Lumpur, Malaysia. This role includes revenue and invoicing management, credit control, and compliance tasks to ensure accurate cash flow across multiple retail outlets. Candidates should possess a diploma or bachelor's degree in Accounting or Finance and have 2-3 years of experience in Accounts Receivable, ideally within a shared services environment. Proficiency in accounting software and excellent Excel skills are mandatory.

Qualifications

• Minimum of 2-3 years of proven experience in an Accounts Receivable role.
• Experience within a Shared Services model or a multi-entity environment is a strong advantage.

Responsibilities

• Perform daily reconciliation of sales for multiple retail outlets.
• Prepare and distribute monthly invoices for rental income and B2B sales.
• Accurately record and apply customer and tenant payments into the accounting software.
• Proactively monitor and manage the Accounts Receivable aging report.
• Perform monthly bank reconciliations for AR-related transactions.

Skills

Sales reconciliation

Microsoft Excel

Education

Diploma or Bachelor’s degree in Accounting, Finance, or a related field

Tools

SAP

Oracle

Xero

Job description

about the job The Accounts Receivable Accountant will be a key member of the Shared Services finance team, responsible for the timely and accurate recording, processing, and collection of all revenues across multiple food retail outlets and related entities. This role is crucial for maintaining a healthy cash flow and ensuring financial accuracy for the group.

Key Responsibilities

Revenue and Invoicing Management

• Daily Sales Reconciliation: Perform daily reconciliation of sales for multiple retail outlets (e.g., petrol stations, food stores), cross-checking Point-of-Sale (POS) reports, fleet card statements, credit/debit card settlements, and actual bank receipts to ensure all revenue is accurately captured.

• Billing & Invoicing: Prepare and distribute monthly invoices, primarily for rental income to tenants and other inter-company or B2B sales (e.g., bulk orders, catering).

• Cash Application: Accurately record and apply all customer and tenant payments into the accounting software in a timely manner.

• General Ledger (GL) Support: Ensure all AR-related transactions, including sales, receipts, and provisions, are accurately recorded and reconciled to the GL.

Collections and Cash Flow

• Credit Control: Proactively monitor and manage the Accounts Receivable aging report.

• Collections: Execute effective follow-up procedures on unpaid invoices, including rental and trade receivables, by communicating professionally with debtors via phone and email.

• Reporting: Assist in managing the group's daily, monthly, and yearly cash flow by providing accurate and timely reporting on expected collections and outstanding receivables.

Reconciliation and Compliance

• Bank Reconciliation: Perform monthly bank reconciliations for AR-related transactions to ensure accuracy between bank records and internal accounting data.

• Month-End Close: Support the month-end closing process, including preparing and posting necessary journals (e.g., bad debt provision, revenue accruals).

• Documentation: Maintain complete, organized, and auditable documentation for all AR transactions, supporting audit readiness and regulatory compliance.

• Shared Services Management: Manage AR processes for multiple companies/entities efficiently within the shared services structure.

Stakeholder & Process Engagement

• Liaison: Liaise with the Finance Manager, retail operations staff, bankers, and auditors for AR and compliance matters.

• Process Improvement: Identify and propose improvements to the AR process, particularly around sales reconciliation and collections efficiency.

Qualifications and Requirements

• Education: Diploma or Bachelor’s degree in Accounting, Finance, or a related field.
• Experience: Minimum of 2-3 years of proven experience in an Accounts Receivable role, preferably within a Shared Services model or a multi-entity environment. Experience in the Food Retail or FMCG sector is a strong advantage.
• Technical Skills:
  • Proficiency in accounting software (e.g., SAP, Oracle, Xero, or equivalent ERP system).
  • Advanced Microsoft Excel skills (Pivot Tables, VLOOKUP) for data reconciliation and reporting.
• Core Competencies:
  • Exceptional attention to detail and high degree of accuracy.
  • Strong communication and negotiation skills for effective collections.
  • Proven ability to manage multiple company accounts and meet tight deadlines.

Skills

sales reconciliation, microsoft excel