Accounts Receivable Executive

ACCOUNTS RECEIVABLE EXECUTIVE

Purpose

As an Accounts Receivable Executive, you will work closely with our Accounting and Customer Services Teams to support the expanding needs of the Order-To-Cash (OTC) workstream in Finance. Accounts Receivable (AR) is an important function in our management of working capital deployment that entails pro-active coordination with customers and business partners. This role will have pivotal involvement in the implementation of the global revenue generation and collection processes in S4 Hana.

The Accounts Receivable Executive has the responsibility to ensure that booking and processing of AR transactions are following the group policies, Philippine GAAP, and on track with the company’s revenue recognition guidelines and collection calendar.

Responsibilities

• Supports the Accounts Receivable team in ensuring that all goods issued and sold to customers and retailers are booked accurately in compliance with the accounting guidelines and point of sale reconciliation.
• Sales & trade structure, customer ledger maintenance, and profit & cost center allocation of sales.
• Ensures compliance with Value Added Tax (VAT) charging guidelines, its recording and documentation requirements
• Liquidates and reconciles consignment sales with retailers’ POS data and accounts for deferred and unbilled revenues.
• Maintains and controls customer credit position.
• Prepares collection forecast and distribution of Statement of Accounts (SOA) to customers.
• Oversees receivable collection from customers and resolves variances to expedite collection.
• Maintains Balance Sheet ledgers and controls open items in the customer accounts in S4.
• Matches collections with invoices to close open items.
• Processes Credit and Debit adjustments to customer accounts
• Reconciles customer statements and payments with system ledgers and close noted variances in due time.
• Prepares recurring AR reports such as AR Aging, Collection Reports and cashflow projection.
• Customer master data governance (trade contract and terms, enrolment & update)
• Promotes automation of processes in AR and optimization of S4 Hana functionalities that will streamline controls, analysis and reporting.
• Provides AR analysis and ad hoc reporting as required
  
  

QUALIFICATION

• Candidates must possess at least Bachelor's/College Degree, in Finance/Accountancy/Banking or equivalent.
• Minimum of 3 years in AR roles with the mandatory SAP hands-on experience and advance excel skills
• Highly analytical, keen on details, works well under pressure
• With good communication & interpersonal skills.
• Team player and customer service-oriented Accountant