Korean Accounts Receivable and Treasury Analyst

ASK Headhunter; Selangor; On-site; MYR 50,000 - 70,000; Full time

Job summary

A leading recruitment agency in Malaysia is looking for a Korean Accounts Receivable and Treasury Analyst. Your responsibilities will include processing accounts receivable tasks, cash application, reconciliation, and credit management. Proficiency in English and Korean is essential. Ideal candidates should have a relevant degree and 1-4 years of experience in accounting functions. The role also includes documentation control and participation in continuous improvement initiatives. Benefits include medical insurance.

Benefits

Medical Insurance

Qualifications

• Minimum 1-4 years of working experience in Accounts Receivable and Treasury or other accounting functions.
• Ability to work in a team and support counterparts in Korea.

Responsibilities

• Process account receivable and treasury tasks according to service level agreements.
• Prepare and reconcile cash applications and remittances for assigned countries.
• Perform month end and year end closing activities.
• Ensure compliance with internal control financial reporting requirements.

Skills

Proficiency in English

Proficiency in Korean

Good communication skills

Customer service skills

Credit analysis

Education

Degree or Diploma in Finance & Accounting/Commerce

Tools

SAP

MS Office

Job description

Korean Accounts Receivable and Treasury Analyst

Responsibilities

• Process Account receivable, treasury and inter-company tasks as per Service level Agreement.
• Process all cash application and remittance reconciliation for assigned countries accurately and within specific timescales. Prepare regularly the details of unallocated and unidentified receipts for key individuals for further actions.
• Prepare and follow up unidentified open items in clearing accounts when performing daily/monthly bank reconciliations. Also, handle cash pool account reconciliation.
• Liaise with key individuals for preparation and transaction posting of inter-company non-trade related debit and credit notes. Prepare monthly reconciliation, highlight and resolve anomalies encountered.
• Generate statements of accounts to the customers.
• Track and resolve disputes and route to local affiliates.
• Initiate the dunning process and generate reminders for overdue accounts.
• Perform month end, quarter end and year end closing activities for countries assigned.
• Prepare preliminary and final inter-company accounts receivable balances to reconcile against counterparty balances. Ensure timely and accurate deal settlement and posting of treasury-related transactions including inter-company foreign exchange, loan, accrual and actual interest, bank charges, etc.
• Credit management – Perform and be responsible for credit analysis on customers according to company credit policy and procedures. Review credit risk for new and existing customers by carrying out credit assessment and making credit limit recommendations.
• Collection management – Ensure customers pay within agreed payment terms, contacting sales team and customers on collection activities as per the company’s debt collection procedure.
• Exhibited good customer service skills while initiating customer outreach calls and handling inbound calls. Act as the first point of contact for operational support and issue resolution, liaising with customers for balance confirmation and monitoring of daily sales order status.
• Handling of AR bad debt allowance and write-off management.

Documentation & Controlling

• Ensure all work documentation and processes are updated and meet Internal Control Financial Reporting (ICFR), group policies and guidelines, local statutory and legal requirements within agreed service timelines.
• Perform backup functions and other duties, including job rotation to other functional teams as required.
• Participate in internal and external compliance audit queries.

Transformation / Continuous Improvement Implementations

• Work collaboratively with customers and key individuals.
• Engage and support the teams in the implementation of continuous improvement projects.
• Proactively identify, recommend and implement solutions in consultation with management for continuous improvement opportunities in the areas of operation.
• Assist to ensure effective knowledge transfer for sustainable development, knowledge sharing of effective practices within the team.

Qualifications

• Preferably possess a Degree or Diploma in Finance & Accounting/Commerce or equivalent.
• Proficiency in English and Korean is required. Good communication skills are essential, as the role involves supporting counterparts in Korea.
• Minimum 1-4 years of working experience in Accounts Receivable and Treasury or other accounting functions.
• SAP knowledge or other ERP accounting systems and MS Office tools.

Benefits

• Medical Insurance