Accounts Associate (Receivable)

Phoon Huat Pte. Ltd.; Singapore; On-site; SGD 45,000 - 60,000; Full time

Job summary

A leading company in finance in Singapore is seeking an experienced Accounts Receivable professional to manage customer payments and streamline processes. The role requires a minimum of 3 years of relevant experience, a diploma in finance or accounting, and proficiency in accounting software and MS Office. Candidates should have a strong attention to detail and excellent communication skills.

Qualifications

• Minimum 3 years of experience in Accounts Receivable.
• Solid understanding of accounting principles and collection regulations.
• Hands-on experience with spreadsheets and financial records.

Responsibilities

• Issue statements of account (SOA) to customers promptly.
• Track and reconcile incoming payments in the accounting system.
• Contact customers regarding outstanding balances and overdue payments.
• Manage monthly bank account reconciliation.
• Monitor aging receivables to mitigate credit risk.

Skills

Accounts Receivable Management

Communication Skills

Attention to Detail

Analytical Skills

Education

Diploma in Finance, Accounting or equivalent

Tools

Accounting Software

MS Office

Job description

Responsibilities

• Issue statements of account (SOA) to customers on a timely basis and ensure proper recording in the accounting system.

• Track incoming payments, ensure they are correctly recorded, reconciled, and accounted for in the accounts receivable ledger.

• Proactively contact customers with outstanding balances and follow up on overdue payments.

• Investigate and resolve billing discrepancies, errors, or payment disputes with customers in a timely manner.

• Execute monthly payment runs for GIRO collections and manage direct GIRO form collection and arrangements.

• Manage monthly bank account reconciliation and coordinate with business units on refund matters.

• Monitor aging receivables, identify potential collection issues, and analyze customer payment trends to mitigate credit risk.

• Identify and recommend improvements to streamline accounts receivable processes.

• Support relevant ad-hoc tasks/projects assigned by supervisor.

Prerequisites

• Minimum 3 years of proven working experience in Accounts Receivable with solid understanding of basic accounting principles, fair credit practices and collection regulations.

• Diploma in Finance, Accounting or equivalent.

• Hands-on experience in operating spreadsheets and accounting software.

• Proven ability to calculate, post and manage accounting figures and financial records.

• High degree of accuracy and attention to detail with a knack for numbers.

• Proficiency in English and in MS Office.