Specialist, Project Account Receivable

Otis Elevator Company (S) Pte Ltd; Singapore; On-site; SGD 80,000 - 100,000; Full time

Job summary

Join a leading company recognized as one of the 2024 World's Best Employers! This role involves project accounting responsibilities, focusing on efficient billing and payment processes, with a requirement for a relevant degree and experience in the construction sector.

Qualifications

• 3 years of relevant contract accounting experience, preferably in construction.
• Proficient in project management principles and billing methodology.

Responsibilities

• Coordinate with project teams for payment claims submission.
• Manage collection efforts and outstanding balances.
• Update stakeholders on invoice statuses and receivables.

Skills

Communication skills

Attention to detail

Analytical skills

Education

Bachelor's Degree/Diploma in Business Administration or Accounting

Tools

ERP (JDE Edwards)

Job description

At Otis, it’s our people that make us different. Come and join OTIS today and be part of the Forbes 2024 World's Best Employers!

Join the Otis family where collaboration, innovation, and empowerment help each individual and the company reach new heights.

Key Responsibilities

• Work closely with project team to gather necessary information for payment progress claims submission or as outline in the contract

• Follow up customer’s certificate and submit the invoices to customer

• Address questions or concerns clients may have in regards to progress of claims/billing

• Reach out to customer with outstanding balance to prompt payment and manage collection efforts

• Provide regular updates to stakeholders on the status of project invoices and outstanding receivables

• Follow up with customers on projects retention release or outstanding claims

• Review the credit worthiness of new equipment/modernization customers and recommend appropriate payment terms

• Liaise with bank to issue performance bond and ensure that contract requirements are adequately met

• Coordinate with other departments and responsible for follow-up and resolution PB issuance

Requirement

• Bachelor's Degree/ Diploma in Business Administration, Accounting or relevant disciplines

• Min. 3 years of relevant contract accounting experience, prior experience in Construction industry is highly preferred

• Strong understanding of project management principles and billing methodology

• Meticulous and attention to details to ensure accurate invoicing

• Proficient in ERP (JDE Edwards) would be added advantageous

• Excellent communication skills and customers management

• Good analytical skills to identify billing issues and potential risk