Accounts Executive

5 days ago


Singapore Eastern Pacific Shipping Full time

**Accounts Executive (Cash Management)**:
**Location**:
Singapore

**Date Posted**:
February 6, 2025

**Application Deadline**:
**OVERALL SUMMARY**
The function is to assist the Accounts Manager (Cash Management) to plan and process payments via electronic banking system accurately in compliance with the internal control and OFAC / Sanction requirements and manage the company’s cash flow position and prepare monthly bank reconciliation reports.

**AREAS OF RESPONSIBILITY**
- Ensure that all incoming receipts are forwarded to the person-in-charge for verification.
- Ensure that all payments to be arranged are approved and compliant in the Counterparty Management System.
- Ensure that the approved payments are accurately uploaded to the bank portal and prepare a payment summary list for managerial review and approval.
- Prepare payments for both local and foreign currencies accurately and timely.
- Monitor bank account balances to ensure sufficient funds are available for payments prepared.
- Create journal entries for all payments, receipts and bank charges transactions. Ensure foreign currency exchange differences are properly recorded.
- Ensure all journal entries are correctly coded and validated by the first working day of the following month for bank reconciliation report.
- Upload monthly crew allotment payments cleared by Compliance team into the banking system. Ensure the number of transactions and crew allotment amounts uploaded match to the authorised summary list.
- Address queries regarding payment details, provide necessary supporting documents and follow up on any returned payments that require reprocessing.
- Perform daily reconciliation of cash and bank transactions against electronic bank statements.
- Perform monthly bank reconciliation and create journal entries for GIRO deductions in Oracle system.
- Assist in ad-hoc duties that may be assigned from time to time.

**QUALIFICATION / EXPERIENCE**
- Minimum Diploma in Accountancy or equivalent
- 2-3 years of relevant working experience, preferably in the shipping industry
- Good interpersonal and communication skills - spoken and written English
- A team player who is hands-on and meticulous in his/her work and can deliver within tight deadlines
- Working knowledge of Danaos Enterprise will be advantageous


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