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.
Key Responsibilities:
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.
Qualifications & Requirements:
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.