QUALIFICATIONS:

• Candidates must possess at least Bachelor's/College Degree in Accountancy.
• At least 1-2 yrs Experienced Employee specialized in Finance or equivalent.
• Amenable to work in Paco Manila.
• Evaluating the financial stability and credit history of customers. This may include credit scores, past payment behavior, and financial statements.
• Understanding the agreed-upon terms of payment. Longer payment terms may result in higher risk of non-collection.
• Identifying any disputes or discrepancies that can affect the collection of the receivable. Disputed invoices may require additional time and effort to resolve
• Reviewing past collection rates and trends to estimate future collectibility.
• Evaluating whether there are any guarantees or collateral associated with the receivable that could mitigate risk.
• Understanding any legal implications or potential disputes regarding the receivables.
• Consideration of how accounts receivable figures into financing arrangements or lines of credit.

DUTIES AND RESPONSIBILITIES:

• Prepare and send accurate invoices to customers based on sales or services rendered.
• Ensure that invoices are sent out promptly according to agreed payment terms.
• Monitor and record incoming payments from customers.
• Update accounting systems to reflect payments received and outstanding balances.
• Conduct regular aging analysis of receivables to track overdue accounts.
• Address customer inquiries or disputes related to invoices and payments.
• Regularly reconcile accounts receivable records with the general ledger to ensure accuracy.
• Monitor ongoing credit risk and adjust credit limits as needed.
• Prepare regular reports on accounts receivable status for management, including metrics such as days sales outstanding (DSO) and collection rates.
• Highlight trends, issues, and opportunities for improvement.
• Develop and implement policies and procedures for managing accounts receivable, including credit approval processes and collections protocols.
• Work closely with sales, customer service, and finance teams to ensure smooth operations and the effective collection of receivables.
• Ensure compliance with legal and regulatory requirements relating to accounts receivable processes.
• Safeguard sensitive customer information and maintain data privacy.
• Use accounting software and systems to streamline accounts receivable processes.
• Stay updated on technological advancements that can enhance efficiency and accuracy.