Summary
Date Posted: Thursday, October 03 2024, Base Salary: Not Disclosed

JOB DETAILS:
Job Function
Responsible for managing a company’s cash flow and receivables, ensuring smooth cash flow, and maintaining accurate financial records.

Key Performance Areas:
Cash Management:
• Monitor daily cash flow, deposits and withdrawal ensuring sufficient liquidity to meet operational needs and obligations.
• Facilitate FX deals by various local banks.
• Initiating local transfers between own bank accounts and maintaining closing balances ratios as per Treasury policy.
• Maintain Petty cash float, handles cash advance, and expense claims, making sure requests have necessary approval and supporting documentation.
• Request cash, or write cheques and collect cash from the bank
• Distribute cash to requestors
• Ensure documents and payments are posted in the accounting system timely
• Maintain records on impress and expense claims
• Request reimbursement for petty cash float
Bank Reconciliation:
• Reconcile bank statements with company records to identify discrepancies and ensure accurate cash reporting.
• Manage company corporate cards, ensuring auto pay and account reconciliation is done timely.
• Review, follow up and resolve Payments which have been rejected by bank or signatories, Failed payments, unprocessed payments by bank, payments submitted to bank after cutting off time, and any other payment in query with the bank.
Provide Support in Bank related issues:
• Supporting the bank with required documents, updating signatories as per board resolutions.
• Involvement in bank integrations and process improvements
• Assist inhouse bank administration
• Request access for new user and removal of users
• Maintaining the list of users and their access rights
• Bank key contact person
Customer Invoicing:
• Ensure that invoices are accurate and comply with contract terms and company policies.
• Conduct daily check of the previous settled invoices from billing system to ensure invoices are accurately integrated with the accounting system (Oracle Fusion).
• Create receipts for interim invoices for on account customers.
• Process refunds to customers
Customer Collections:
• Follow up on overdue invoices for credit customers and manage collection efforts to minimize bad debts.
• Ensuring services are not provided with insufficient fund.
• Address and resolve any disputes or issues related to customer payments.
• Handle other revenue received and record in the books of accounts
Customer Cash Application:
• Accurately apply customer payments to appropriate invoices and accounts. Identify Unapplied receipts and follow up with billing and system support team for clearance.
• Reconcile accounts receivable ledger to ensure all transactions are accounted for and accurate.
Manage Customer Relations:
• Maintain good relationships with customers and handle inquiries regarding their accounts.
• Quickly address any issues or discrepancies related to accounts receivable.
Compliance and Controls:
• Adhere to accounting principles and company policies to ensure the accuracy and integrity of accounts receivable transactions.
• Establish and follow internal controls to safeguard receivables and prevent fraud.
Reporting:
• Generate daily, weekly and monthly reports
• Daily Cash Position,
• Weekly Cash Position,
• Weekly Cash Projection
• Monthly Bank Reconciliation
• Monthly Corporate Cards Reconciliation
• Receivable Ageing report
• Accounts Receivable Summary
• Customer Statements
• Collection Report
• Sales by Customer Report
• Days Sales Outstanding (DSO)
• Write-Off Report
• Petty Cash Log
• Petty Cash Reconciliation Report
• Monthly Expense Report
• Monthly Petty Cash Report
• Identify opportunities for enhancing treasury and receivables processes and systems to improve efficiency and effectiveness

Qualifications Required:
• Bachelor’s degree in finance, accounting, economics, or a related field

Experience and Skills Required:
• Minimum of 3 years of work experience in finance, accounting, or treasury management.
• Proficiency in financial software, accounting systems, and advanced Excel skills.
• Regulatory Compliance, Strong understanding of accounting and financial principles, Cash Management.
• Strong problem-solving abilities and critical thinking skills to assess complex financial situations.
• Meticulousness in handling financial data and reports to minimize errors.
• Ability to effectively communicate financial information to stakeholders, both verbally and in writing.
• Strong interpersonal skills to work with various departments
• Ability to prioritize tasks and manage time effectively, especially in high-pressure environments.

Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

Job application procedure
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