AR Specialist

The Accounts Receivable Specialist checks the course of the entire OtC process and detects errors or deviating processes by internal or external parties involved (SO creator, customer). He/she initiates the collection of receivables and credit control. He/she supervises the punctual or timely payment of invoices from the customers.

Furthermore, if necessary, he/she communicates with the customer to prevent unnecessary delays in the process and overdue which deteriorate OWC%. Effective management of accounts receivable, including minimizing bad debts and optimizing cash flow.

As part of the internal control system, he/she carries out appropriate checks. Acts as key user for AR processes: manages the execution of sub-processes, monitors process adherence, prepare and participate in regression tests, identify issues, and report them to respective BPO.

RESPONSIBILITIES / KEY ACTIVITIES:

• Review and monitor customer receivables aging.

• Prepare accruals for trade-related expenses, A&P expenses, provision doubtful debts and other AR-related journal entries.

• Process customer claims and payment accurately and in a timely manner.

• Provides insight to customer payment behaviour and credit risks.

• Maintaining accurate and up to date accrued expenses and AR records.

• Collaborate with sales teams to resolve customer billing and collection issues.

• Performing accounts reconciliation.

• Ensuring accounting and other AR related processes are compliant with accounting standards & company policies.

• Identify and mitigate credit risks.

• Check and reconcile customer statement of accounts, follow up on unreconciled items.

• Prepares management reports for Sales and FP&A team.

• Maintain AR books for respective countries and sales channels in accordance with accounting principles and all relevant regulations, laws and standards.

• Implementing and maintaining AR processes and systems across the organization.

• Liaise with external service provider for relevant outsourced accounting activities.

• Ensure distribution agreement with customers are signed in a timely manner.

• Support in any ad-hoc projects.