Accounting Associate

Job Description

JOB SUMMARY:

The Accounting Associate for Accounts Receivable is primarily responsible for providing financial, clerical, and administrative services to ensure sufficient, timely, and accurate collection of accounts under his/her control.

He/She is expected to analyze individual subsidiary ledger of each account versus Key Results Areas (KRAs) and agreed actions to resolve discrepancies, if any. The position’s scope of responsibility includes accounting for and updating of sales transactions, collections, returns, and other deductions/charges in the system.

KEY RESULT AREAS AND RESPONSIBILITIES:

1. Perform day-to-day accounts receivable transactions.

2. Maintain and update of the AR, including its subsidiary ledger and the Customer Master Data.

3. Schedule, process, and post customer payments in accordance with the Company’s established procedures.

4. Perform account reconciliations and analysis:

Ø Maintain accounts receivable customer files and records

Ø Monitor customer account details for non-payment, delayed payment, and other irregularities.

Ø Provide analysis on the significant movement of accounts receivable per Business Partner.

Ø Verifies validity of account discrepancies by obtaining and investigating information from sales team and customers.

Ø Provide top 10 list of Business Partner with high outstanding receivable balance and action plan to collect such receivables

5. Assist with the month-end closing by preparing and releasing the following monthly reports:

Ø Customer Receivable Aging

Ø Customer’s Statement of Account and/or Sales Invoice

Ø Collection Report

Ø A/R Monitoring Database

Ø Others (as requested by immediate supervisor)

6. Provide quarterly and monthly provision for Bad debts and trading terms accrual, respectively.

7. Ad hoc task/s as instructed by the immediate supervisor.