Ar Accountant Lead

2 weeks ago


Singapore AccountStaff Full time

AR End to End process

  • Support the Finance Manager, AR in the entire Order to Cash process (Invoicing, Collections and receipting)
  • Deliver the monthly AR close process including reconciliation of AR related accounts and month end reports for review by the Finance Manager, AR
  • Handles and oversee the monthend closing activities, which includes the reviewing and posting of accruals and relevant journals
  • Work with the GL Team to provide regular management reports such as revenue variance analysis, AR ageing, student billing details (HC etc) and deferred revenue
  • Ensure the FInance Manager AR is kept appraised of the AR outstanding balances and action plan for close monitoring and is effective to ensure aged items are minimised.
  • Ensure accurate and timely students billings per each academic term and on time Sundry billings
  • Manage students withdrawal process (raised credit notes and refund when required)
  • Manage and ensure promptly billing of new students invoices
  • Support the Finance Manager, AR for compliance with financial regulations, policies and accounting standard of the College
  • Partner with the East AR Lead in recording of all intercampus transactions and ensure intercampus reconciliations are matched
  • Responsible for collections including NPN (nonpayment notification) process
  • Point of Contact for client reporting, Admission department, internal and external partners relating to Dover AR activities; ensure a high standard of customer service is maintained at all times
  • Responsible for the system upgrade of the AR module and be in charge of AR integrations within the AR and Billing systems (order to cash i.e. invoicing to collection)
  • Review and approve fees refund to parents plus refund of activities & services & trips and prompt refund timeline turnaround time
  • Support Global Concern Fundraising process in terms of collections of funds (cash/Paynow/Credit Card) mode to key in system within 3 business days.

Team Development

  • Assist the Finance Manager
  • AR to develop a team of engaged AR team members who understand the College billing and receiving cycle and support faculty in the delivery of the curriculum and long term objectives
  • Supports the Finance Manager
  • AR to improve and maintain the team's engagement level

System Integration and Upgrade

  • Supports the Finance Manager, AR Manager in Billing system/receipt module and ongoing improvement and enhancement projects.
  • Responsible for the delivery of process improvements in the AR function payment modes, receipts automation in CIMS system, etc.
In partnership with with the East AR Lead

Other

  • Support the Finance Manager, AR as the point of contact for all internal stakeholders, providing excellent service and support and advice where applicable.
  • Support the Finance Manager, AR as the point of contact for internal and external audit matters relating to AR activities.
  • Responsible for supervising the workforce planning requirements within the Dover AR team
  • Responsible for supporting the Finance Manager, AR for any activities and projects as required that align to Finance Strategy for the AR Team

THE REQUIREMENTS:

  • Degree in Accountancy or equivalent. Preferably a CPA or working towards obtaining it
  • Minimum of 6 years Finance Experience with 4 years of relevant working experience in a supervisory role handling AR processes and involved in system upgrade
  • Knowledge of SAGE Finance systems will be a plus
  • Good excel skills and familiarity with financial reporting tools
  • Demonstrated ability to lead a team
  • Good understanding and experiences in system migration with respect to AR module
  • Motivated selfstarter, curious, resourceful and independent; keen to learn with the ability to collaborate with management and functional departments
  • Good verbal and written skills to be able to communicate with the Community
  • Wellorganized and capable of managing multiple priorities effectively
  • Familiar with business transformation and/or system migration
  • Strong business integrity and holds sensitive information in confidence
  • Strong understanding of local tax (GST) regulations
  • Well versed in revenue recognition accounting policy is a plus
Posted On 06 Feb 2023
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