The Senior Financial Analyst (SFA) will play a pivotal role in managing all aspects of accounts receivable activities, overseeing the billing process, ensuring timely collections, and maintaining financial relationships with the company’s clients and partners.
- ** Client Billing and Invoicing:**
- Prepare and maintain client master data in compliance with local country regulations.
- Ensure accuracy, completeness, and adherence to service contracts in invoice preparation and issuance.
- Manage client purchase orders, generate sales orders in the billing software, and issue invoices accordingly.
- Collaborate with the BAU and implementation teams to verify billing accuracy and resolve discrepancies.
- Address complex client billing inquiries and issues, providing prompt resolutions to maintain strong client relationships.
- Accounts Receivable Management:
- Independently manage the entire accounts receivable (AR) cycle.
- Ensure accurate and timely invoicing in accordance with applicable contract terms.
- Monitor AR aging reports and take proactive measures to reduce outstanding balances.
- Payment Collection:
- Develop and enforce effective collection processes, including automated reminders, escalation procedures, and client payment plans, to ensure timely payment from clients.
- Oversee management of past-due accounts and implement appropriate collection actions, including payment plan negotiations.
- Monitor payment trends and identify clients at risk of delinquency.
- Account Reconciliation:
- Conduct regular reconciliations of client accounts to ensure accuracy and promptly resolve discrepancies.
- Investigate and address unapplied payments and other account-related issues.
- Financial Reporting and Analysis:
- Generate and analyze AR reports to track performance, identify trends, and suggest improvements.
- Provide weekly updates to senior management on AR status, including aging reports, bad debt reserves, and collections progress.
- Prepare ad-hoc reports as requested by management and actively assist with month-end, quarterly, and year-end closings.
- Process Improvement:
- Identify opportunities to optimize AR processes and implement best practices to enhance efficiency.
- Collaborate with cross-functional teams to improve billing and collection procedures.
- Compliance and Documentation:
- Ensure compliance with financial regulations, company policies, and industry standards related to AR.
- Maintain accurate and organized records and documentation for all AR transactions.
- Reporting & Monthly Closing:
- Ensure compliance with the monthly closing process.
- Assist the team lead in implementing month-end processes for monthly, quarterly, and year-end closings.
- Support KPI reporting setup and processes.
- Assist in monthly system closing, including bank reconciliations and vendor/customer reconciliations.
- Contribute to monthly and quarterly financial, management, and KPI reporting.
- Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
- CPA, ACCA, or CA certification is a plus.
- Minimum of 7+ years of relevant experience in accounts receivable management, preferably within the HCM, Software, or IT Services industry.
- Minimum of 4+ years of prior public accounting experience.
- Strong IFRS and consolidation experience.
- Previous experience with NetSuite and multinational companies is a plus.
- Excellent verbal and written communication skills.
- Strong process and control focus.
- Hands-on experience managing the full accounting cycle.
- Strong analytical and problem-solving capabilities.
- Effective communication and interpersonal skills, particularly in client interactions.
- Attention to detail with a focus on accuracy and compliance.
- Adaptability to changing business needs and priorities.