AR Assistant

Buenatech Incorporated; Quezon City; On-site; PHP 279,000 - 390,600; Full time

Job summary

A local company seeks an Accounts Receivable Assistant to assist in monitoring and collecting accounts receivables. The role involves verifying documents, maintaining schedules, and preparing sales reports. Ideal candidates will have a bachelor's degree and at least 6 months of experience in treasury and collections, along with strong organizational and communication skills.

Qualifications

• At least 6 months experience in treasury and collections.
• Fast learner and can work with less supervision.

Responsibilities

• Check accuracy of documents for delivery items.
• Responsible for collection of payments and certificates.
• Prepare Statement of Account regularly.

Skills

Attention to detail

Good communication skills

Organizational skills

Team player

Education

Bachelor's degree in Business Administration, Finance, or Accounting

Job description

Overview

The Accounts Receivable Assistant (AR Assistant) assists the Accounting Supervisor in monitoring and collecting accounts receivables of the company. He/she coordinates with the internal departments/units/clients and reconciles any discrepancies in the receivables.

AR Assistant reviews account information, corrects discrepancies, ensures that accounts are properly billed and that payments are timely collected. He/she prepares reports and collection analysis and assists management with its monthly and yearly strategies.

Responsibilities

• Checks the accuracy and completeness of documents for Delivery items, such as; Stock Withdrawal Slips, Delivery Receipts, Sales Invoices, and Collection Receipts (Payments vs. System).
• Checks and Validates documents of Shipped Items.
• Responsible for Collection of Payments and Certificate Withholding Tax (if any) and Issuances of Receipts and investigate any variances in payments versus collectibles
• Ensures checks/PDCs received are in order namely; payee name, amount, date, signatures
• Encodes payments received from customers in the system and submits to the Accounting Supervisor for checking and safekeeping of checks and PDC.
• Ensures all confirmed/received documents are posted in the subsidiary ledger envelope (if manually done) and the same is posted in the system.
• Prepares Statement of Account (SOA) regularly based on the client’s credit term, monthly SOA for uncollectible accounts, sends it to the client for confirmation and makes follow-up after the prescribed period.
• Maintains Schedule of Certificate of Withholding Taxes 2307 & 2306 from Clients and ensures hardcopies are collected during monthly and quarterly payments.
• Submits and monitors long outstanding and hard-to-collect accounts, prepares SOAs, and demand letters (1st and 2nd) after which endorses to legal for next action
• Ensures that all accounts receivables are being collected and will not age more than 120 days after their approved credit terms.
• Analyze client payment behaviors, review existing credit terms to clients, sales returns
• Analyze uncollectible accounts for possible write-off
• Make recommendations for improving the collectible process and its internal controls
• Accommodates Internal Clients and caters to all queries about AR/SALES.
• Ensure correctness of dispatching items prepared by the warehouseman.
• Promptly call all clients that had overdue their account.
• Prepare Weekly Sales Report for Marketing.
• PMR Commission/ FER/ Meal Summary to be included in Payroll
• Monitor and Update Guaranteed accounts from the client with accounts receivable.
• Provides recommendations for system improvement, and process procedures.
• Compliance and Procedures, guidelines, and policies and perform another task that may be assigned from time to time.

Reports to Prepare

• Monthly Sales Report
• Commission Report - Computation of Sales Commission
• Accounts Receivable Aging
• Monthly Summary of Sales Invoice
• Monthly Summary of Collection Receipt

Qualifications

1. Must have at least 6 months experience in treasury and collections.
2. Graduate with a bachelor\u2019s degree in business administration, Finance, or Accounting
3. Keen to Details and Organize
4. With good communication and interpersonal skills
5. Fast Learner and Can work with less supervision
6. Must be a team player.