Position Objective
⢠Contribute to the Finance team function
⢠Follow department procedures including maintenance and security of financial records
⢠Accurately & competently coordinate and monitor Accounts Receivable tasks
Accounts Receivable Operations
⢠Manage end\-to\-end AR processes including invoicing, cash application, and collections.
⢠Monitor aging reports and ensure timely follow\-up on overdue accounts.
⢠Reconcile AR ledger to ensure all payments are accounted for and correctly posted.
⢠Liaise with Admissions on student movements (joiners, leavers, orientation)
Credit & Risk Management
⢠Assess and review customer payment patterns
⢠Set and maintain credit limits and payment terms in line with company policy.
⢠Implement strategies to minimize credit risk and bad debt
Collections & Customer Relations
⢠Develop and execute collection strategies to improve cash flow.
⢠Resolve escalated disputes and maintain strong customer relationships.
⢠Negotiate payment arrangements when necessary.
Compliance & Controls
⢠Ensure compliance with internal financial policies and external regulatory requirements (SSG & IRAS).
⢠Assist in external audits by preparing necessary documentation and schedules.
Revenue Management
⢠Prepare and post monthly revenue recognition entries for tuition fees, discounts, and other income.
⢠Maintain and update deferred revenue schedules to ensure accurate financial reporting.
⢠Reconcile revenue data between the Admissions and Finance systems, ensuring consistency in student year levels and pupil numbers.
Financial Reporting & Analysis
⢠Prepare and submit monthly revenue variance analysis with clear commentary on key drivers.
⢠Assist in the preparation of monthly, quarterly, and annual financial reports.
⢠Support budgeting and forecasting processes related to revenue and student enrolment.
⢠Monitoring and managing cash flow and bank accounts
⢠Performing analysis for monthly accruals and accurate posting of recurring journals
Process Improvement
⢠Identify opportunities to streamline finance processes and improve system integration.
⢠Collaborate with cross\-functional teams to enhance data accuracy and reporting efficiency.
Position Requirements
⢠Excellent communication skills â oral and written English, numeracy & analytical skills
⢠Flexible with regards to changing duties
⢠Capacity to manage several tasks simultaneously and within work deadlines
⢠Results\-oriented, high accountability and maturity with the ability to set priorities
⢠Ability to work individually, as a member of a team and interact at all levels within the organisation
⢠Strong leadership and excellent people management and development skills
⢠Result\-oriented, high accountability and maturity with the ability to set priorities
⢠Strong administrative and organisation skills
Qualifications
⢠Accounts Receivable experience
⢠At least 5 years of experience in Finance and Accounting
⢠A recognized Degree in Finance/Accounts, ACCA / CPA preferred
⢠Minimum of accounting diploma / degree
⢠Preference for current bookkeeping / accounting experience / debt collection
⢠Experienced & competent IT Microsoft skills \- Word, Excel, databases, email and Internet
Working Hours:
8:00 am â 5:00 pm, Monday to Friday
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