Description:
Applications are invited for the position of Accountant –AR RevenueRequisition Title : ACCOUNTANT - AR - REVENUE(FIN11U)
Organization : EKFC GROUP COMPANY
Position within: Finance
Reports to: Senior Finance Manager, ACCT
Category: Corporate Support
Department : Finance
Key Accountabilities
- The job holder is responsible for obtaining revenues on behalf of EKFC, processing invoice, and ensuring timely collection for debts from customers.
- Responsible for direct supervision of staff involved in billing and AR activities across all business streams.
- The job holder will be responsible for updating and maintaining accurate financial records.
- Ensure accurate revenue recognition in accordance with company policy and revenue recognition accounting standards.
- Supervise and manage revenue month-end close activities: prepare journal entries, reconcile between different systems and prepare account reconciliations
- Oversee, review and prepare reports including accounts receivable aging analyses
- Ensure that customer invoices are raised accurately as per the contractual agreements and are dispatched on time to customers to facilitate timely collections.
- Proactively arrange for credit/debit notes to obtain management approvals before being issued to customers.
- Proactively partner with other business stakeholders to drive best practices in revenue
- Ensure timely preparation and circulation of Aged analysis of debt by individual Business Units.
- Ensure appropriate Time Based provisioning of problem debts.
- Proactively liaise with customers to ensure timely collection of debt and escalate issues as appropriate to Line manager and the business
- Provide annual budget information; monitor Revenue and collections; identify areas for improvement and implements corrective actions.
- Implement and document key revenue controls processes and procedures. Drive process improvements for greater accuracy, financial control and efficiency.
- Contribute in maintaining financial security by adhering to internal controls.
- Update job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
- Review and respond to requests/inquiries from other cross functional teams regarding proposed or current revenue transactions.
- Responsible for preparing audit schedules in respective areas of responsibilities.
- Comply with all relevant quality, health, safety and environmental management policies, procedures and controls
- Identify opportunities for improvements and automation and implement initiatives to improve efficiency and effectiveness of the team
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Essential Requirements & Competencies
- Graduate in accounting or commerce or equivalent
- Minimum 5 years in the area of Finance
- Being conversant with internal control procedures and concepts
- Ability to delegate duties, tasks and reports
- Experience in the use of data entry programs
- Time management and workload efficiency skills
- Persistence in finishing projects in spite of hindrances
- Readiness to go extra mile to avoid mistakes and produce new opportunities
- Ability to adjust to diverse ideas, impressions, schemes, and tactics from individuals or changing preferences.
