AP/AR Accountant (based in Philippines)

About Symrise AG

Symrise is a global supplier of fragrances, flavors, food, nutrition, and cosmetic ingredients. Its clients include manufacturers of perfumes, cosmetics, food and beverages, pharmaceuticals and producers of nutritional supplements and pet food. Its sales of € 4.6 billion in the 2023 fiscal year make Symrise a leading global provider. Headquartered in Holzminden, Germany, the Group is represented by more than 100 locations in Europe, Africa, the Middle East, Asia, the United States and Latin America.

Symrise works with its clients to develop new ideas and market-ready concepts for products that form an integral part of everyday life. Economic success and corporate responsibility are inextricably linked as part of this process.

Symrise – always inspiring more …

AP/AR Accountant

As an AP/AR Accountant, you will be supporting the Finance team in the SEAO Sub-region (focusing on Philippines and Australia but may extend to other SEAO entities in the SEAO Sub-region), handling mainly Accounts Receivable and Accounts Payable activities including monitoring and recording of incoming funds, sending of billings/invoices and Statement of Accounts to customers, resolution of disputes, AR reporting, AP invoice processing and AP payment processing. This position will be stationed in the Philippines office and you will report directly to the SEA Regional Finance Manager, who is also based in Philippines.

The Position:

• Accounts Payable (60%)
• Process, verify and post invoices and payment requests – collect vendor invoices, obtain internal approval and posting in the system
• Prepare and maintain weekly and monthly payment schedules
• Coordinate with vendors to resolve payment discrepancies and ensure accurate and timely payment
• Reconcile vendor statements and resolve any issues
• Assist in preparing month-end and year-end closing for accounts payable
• Maintain an up-to-date record and prepare reports for management as required
• Process AP payment runs
• Accounts Receivable (40%)
• Monitor incoming funds from the banks and update the receipt entries in the system
• Process customer payments and generate and send out invoices and Statement of Accounts to customers in timely manner.
• Follow up on outstanding customer invoices and collections and resolve any discrepancies or issues
• Handle customers’ queries on AR
• Maintain accurate records and reconcile customer accounts and resolve any discrepancies or issues
• Prepare monthly aging reports and analyse AR to ensure collections are on track
• Review and release of blocked shipments, including obtaining approval for the release
• Assist in preparing month-end and year-end closing for AR reporting
• Work closely with cross functional teams to resolve billing and payment issues
• Support on internal and external audit queries
• Ensure compliance and maintain confidentiality of financial information and records
• Other ad hoc duties as assigned
  
  

The Ideal Candidate:

• Minimum Bachelor's Degree in Accountancy or equivalent, with at least 5 years of relevant working experience.
• Strong knowledge of accounting principles, practices and procedures
• Proficiency in accounting software and MS Office
• Hands on experience in SAP ERP system.
• A strong team player with the ability to multi-task and excellent organisation and time management skills
• Excellent attention to detail, accuracy with strong analytical and problem-solving skills.
• Excellent communication skills in English, both written and verbal
• A self-starter with an ability to work independently and manage multiple tasks with deadlines