Finance Executive

Job Responsibilities

Accounts Receivable

• Calculate and update billing system which includes the timely posting for all cash receipts, discounts given, allowances, price differences, returns and other charge backs to customer accounts.
• Follow up with sales department for debtor’s collection and allocation of payments received.
• Monitor customer account details for non-payments, delayed payments and other irregularities and distribute monthly debtors aging report to sales department by 15th of the month.
• Carry out billing, collection and reporting activities according to specific deadlines.
• Reconciliation of receivable account ensuring that:
• total balance in debtors aging are reconciled to trade receivables in CBIS GL
• total subsidiary ledgers agree to debtors aging
• Maintain thorough, well organized accounts receivable customer details and communication with customers via phone and email to resolve customer/sales queries.
• Follow established procedures for processing receipts, cash etc.
• Assist in the recovery of debts due by providing monthly debtors aging report to the Admin Manager to enable the sending of demand letters.
• Control and monitor customer account details for non-payments, delayed payments and other irregularities. (Eg: Negative balance, doubtful debts allowance and etc.) to reflect current debtor balances.
• Verify Singapore agent’s sales commission claims to SGD debtor balances.
• Compute quarterly expected loss allowances in accordance to MFRS 9 where the probability of non-payment by debtors are adjusted by a forward-looking rate (inflation rate, CPI, whichever is lower) multiplied by the amount of the expected loss to arrive at an expected credit loss amount to be provided for.
• Prepare the necessary details and schedules for year-end audit.