Manager, Accounts Receivable

COMPANY DESCRIPTION

Founded in 1970, Mediterranean Shipping Company (MSC), S.A of Geneva, Switzerland, is one of the world's leading container shipping lines. We are a privately-owned global organization operating a network of over 675 offices in 155 countries, employing a team of over 200,000 dedicated individuals. We have an established fleet of 900 container vessels and 7 aircraft with an intake capacity of circa 27 million TEU carried annually. Our global sailing schedules cover 300 routes, calling at 520 ports, allowing us to deliver our clients' cargo almost anywhere in the world.

Operating as independent national carriers, with sea freight offering complemented by our integrated warehousing and haulage services, we offer customers a true door-to-door and global service with unrivalled local knowledge. Trained and experienced experts for our full range of services, including reefer, out-of-gauge, breakbulk and each of our trade services, gives us the ability to uphold the personal service we're globally recognized for, offering customers peace-of-mind that we will be on-hand to help whenever we are needed.

An opportunity is now available for a career-minded individual to join us in MSC South East Asia (Singapore) Pte Ltd, as Manager, Accounts Receivable.

RESPONSIBILITIES

We Offer

You will embark on a great journey with excellent career development opportunities in a global organization. As Manager, Accounts Receivable you will join a dynamic team responsible for the financial reports and management reporting for Singapore as well as maintaining and executing financial controls in compliance with Company policies, Singapore Financial Reporting Standards (SFRS) and International Financial Reporting Standards (IFRS).

Key Responsibilities

Reporting to the Chief Financial Officer and Senior Finance Manager, your main responsibility is to lead the functions of Accounts Receivable which includes timely billing and collections, disputes management and reporting function. Manage other AR related activities, including process improvements. Back-up for Senior Finance Manager and other AR team members.

Your key responsibilities include the following:

• Ensure that e-mails with customer, ports, agencies, ARO and MSC Geneva are replied timely and issues/disputes are resolved expeditiously.

• Ensure that invoices are raised timely.

• Ensure that customers' outstanding is collected timey and collections are recorded in SAP timely.

• Ensure that refunds are correctly processed.

• Assess creditworthiness of new customer and propose the appropriate credit limits and period to be granted.

• Carry out mid-year and annual customer credit assessment.

• Ensure that customer details, credit limits and period are updated in SAP Debtor Master Data.

• Ensure that all adjustments and reversal entries are valid and supported.

• Collaborate with other functional teams and departments for compliance of internal controls and effective risks mitigation.

• Related tasks as assigned, including back-up to Senior Finance Manager and other AR Team members during their absence.

Reporting and Deliverables to Management

• Ensure that customers' outstanding is collected timely.

• Ensure that collections are recorded in SAP timely.

• Ensure that weekly collection forecast is prepared timely and accurate.

• Ensure that credit limits are reviewed regularly and seek for temporary increase of credit limit timely.

• Ensure that annual customer credit assessments are carried out timely.

• Ensure that monthly FTRA (AR Ageing Report) is prepared and submitted timely.

• Ensure that monthly Detention and Demurrage report is prepared and submitted timely.

• Ensure that monthly Agency KPI report is prepared and submitted timely.

• Ensure monthly Elsewhere Freight Collection Suspense Account is reconciled.

• Ensure monthly local income is reconciled against total number of BL/DOs.

• Work closely with internal and external auditors to resolve any issues raised.

Systems and Process Improvement

• Collaborate with relevant stakeholders to drive process improvements.

• Identify system / process misalignments to drive standardisation and improvement, raise request and follow-through closure with system support.

Team Management and Development

• Lead, direct, evaluate, and develop team members on their daily work performance to ensure KPIs are met.

• Develop performance measurements to drive individual and team performance.

• Serve as a coach / mentor and provide technical financial advice and knowledge to direct reports and team members.

• Demonstrate commitment to professional self-development to employees within the team.

• Evaluate the team structure as required for continual improvement of the efficiency and effectiveness of the team.

• Identify and initiate improvement areas and develop good accounting control procedures and best practices to enhance overall accounting operations, work quality and efficiency.

• Be constantly updated on global MSC SOPs and policies on tasks, strong grasp of applicable IFRS Accounting Standards and GST compliance requirements.

• Enforce and guide team on regulatory developments and Company / MSC policy changes.

• Support Senior Finance Manager and CFO in new initiatives or projects as and when required.

QUALIFICATIONS

Who We Are Looking For

• Min Degree in Accountancy / Finance, ACCA or equivalent.

• Minimum 5 to 8 years of relevant work experience in accounts receivable and credit control.

• Minimum 2 to 4 years of experience leading a team.

• Experience in managing changes and thrive in dealing with challenging business environment.

• Experience in shipping / freight forwarding industry is an added advantage.

• Good knowledge of IFRS and SFRS accounting standards.

• Proficient in MS Word, Excel, PowerPoint.

• Experienced in using SAP financial system and related data flow.

• Good command in written and verbal English language for effective communication.

• High level of Integrity and Ethics.

• Organised and possess strong analytical skills with an eye for details.

• Ability to manage time well to meet tight deadlines and multi-task.

• Able to work under stress and adaptable to changes.

• Self-initiative individual who can work well in a team.

• People Management qualities with the ability to lead, develop and drive performance of direct reports.

OTHER INFORMATION

Application Deadline

If you are up for the challenge, you could be our new colleague

Please send updated CV by clicking on the Apply Now button.

Kindly indicate your current availability period , current salary & expected salary when you submit your application.

Please note that your application will be sent to and reviewed by the direct employer - Mediterranean Shipping Company South East Asia (Singapore) Pte Ltd