Assistant Manager, Finance

Credit Management

• Support the evaluation of credit facilities and assess customers' creditworthiness utilizing available resources (such as credit-rating agencies and payment history), and bring any concerns to the attention of management.
• Track the outstanding amounts against credit limits.
• Ensure compliance with credit and collection policies and procedures by the team.
• Oversee that Statements of Accounts, reminders, and warning letters are dispatched by all Accounts Receivable teams in a timely manner.

Accounts Receivable (AR)

• Assist in generating daily and weekly Accounts Receivable Performance/Tracking Reports.
• Review the Aging Report to ensure timely payment of outstanding amounts.
• Supervise the release of documents without payment, taking prompt action to ensure payment is received.
• Oversee the Dispute Management Report, ensuring disputes are resolved quickly and results are communicated to customers without delay.
• Monitor waiver requests to ensure they are authorized in accordance with established policies and procedures.
• Manage Demurrage and Detention transactions, ensuring timely billing of all related invoices.
• Track outstanding amounts exceeding credit limits, prompt reminders are sent, and ensure collection of these amounts.
• Proactively follow up on account collections in a manner that fosters positive customer relationships while achieving timely results.
• Ensure payments are acknowledged promptly.
• Review negative balances and over-payment transactions monthly, ensuring refunds are processed swiftly or offsets occur per the negative balance policies and procedures.
• Ensure unapplied transactions are addressed within a month.
• Identify high-risk debts and strictly adhere to control procedures to mitigate bad debts.
• Analyze trends in Accounts Receivable balances and significant shifts in payment behaviors, summarizing major collection challenges for the weekly Accounts Receivable Meeting.
• Communicate effectively with customers and collaborate with internal teams, including sales personnel.
• Resolve all Accounts Receivable-related issues promptly.

Requirements

• Bachelor's degree in Finance or a relevant professional qualification.
• A minimum of 5 years’ experience in an Accounts or Finance role.
• Proactive, committed, and capable of working collaboratively in a fast-paced environment.
• Strong interpersonal, communication, and negotiation abilities.
• Solid business acumen for effective problem-solving.
• Exceptional time management skills with the ability to prioritize a demanding workload.
• Strong analytical skills and meticulous attention to detail.
• Competency in handling large datasets for analysis.
• Confidence in engaging with a diverse range of stakeholders.
• Focused, analytical, detail-oriented, precise, and thorough in approach.
• Proficient in both written and spoken English.
• Advanced proficiency in MS Excel.