Assistant Manager, Finance (IAM)

Sime Darby Property; Petaling Jaya; On-site; MYR 30,000 - 60,000; Full time

Job summary

Join a forward-thinking company as a key player in managing Accounts Payable and Receivable processes. In this role, you'll oversee compliance, enhance efficiency, and ensure timely payments while collaborating with various internal teams. Your expertise in credit control and financial reporting will be crucial in supporting the organization's financial health. This position offers the chance to make a significant impact on cash flow management and stakeholder communication, contributing to the overall success of the organization. If you're passionate about finance and looking for a dynamic work environment, this opportunity is perfect for you.

Qualifications

• Experience in overseeing AP & AR processes and compliance.
• Strong background in credit control and financial reporting.

Responsibilities

• Manage AP & AR processes, ensuring timely and accurate invoice processing.
• Support credit assessments and monitor overdue accounts.

Skills

Process Management

Credit Control

Financial Reporting

Stakeholder Communication

Risk Management

Dispute Resolution

Education

Bachelor's Degree in Finance or Accounting

Job description

Requirements

• Process Management & Compliance
• Oversee and enforce AP & AR processes, controls, policies, and procedures in alignment with company standards
• Ensure timely and accurate processing of invoices, credit notes, and customer payments
• Monitor AP & AR aging reports to track outstanding payables and receivables, ensuring timely payments and collections
• Collaborate with Treasury (Finance) to ensure seamless payment processing and cash flow management
• Ensure proper accrual capturing and timely reversal upon invoice issuance
• Identify opportunities for process improvements to enhance efficiency and accuracy in AP & AR operations

• Credit Control & Risk Management
• Support credit assessments by reviewing customer payment history, financial data, and creditworthiness
• Monitor overdue accounts and enforce escalation procedures for collections
• Assist in setting appropriate credit limits and payment terms based on risk assessment
• Track and report bad debt provisions and credit risk exposure to management

• Financial Reporting & Month-End Closing
• Manage AP & AR reporting activities, including month-end and year-end journal entries
• Prepare, review, and validate financial journals for accurate month-end reporting
• Conduct reconciliations of bank accounts, general ledger, vendor accounts, and customer accounts
• Support the assessment, preparation, and submission of direct taxes (Corporate Tax) and indirect taxes (e.g., SST, Withholding Tax)
• Assist with financial audits by providing necessary documentation and explanations

• Stakeholder Communication & Dispute Resolution
• Coordinate with internal teams (Finance, Leasing, Procurement, Operation Team) to address AP & AR-related issues
• Liaise with customers and vendors to resolve billing disputes, payment discrepancies, and collection matters
• Provide regular updates to management on AP & AR performance, including outstanding balances and potential risks
• Generate and analyze monthly reports on aging summaries, payment trends, credit control, and outstanding balances to support division-level month-end reporting