Senior Financial Analyst (SFA)
Position Overview: The SFA will play a pivotal role in managing all aspects of the 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.
- Preparing invoices with accuracy, completeness, and adherence to service contracts and issuance to clients.
- Manage client purchase orders, generate sales orders in the billing software, and issue invoices based on the sales orders.
- Collaborate with the BAU team and implementation team to verify billing accuracy and resolve any discrepancies.
- Address complex client billing inquiries and issues, providing prompt resolutions to maintain strong client relationships
Accounts Receivable Management
- Need to manage the whole AR cycle independently.
- Ensure accurate and timely invoicing in accordance with applicable contract terms.
- Monitor accounts receivable aging reports and take proactive measures to reduce outstanding balances.
Payment Collection
- Develop and enforce effective collections processes to ensure timely payment from clients.
- Oversee the management of past-due accounts and implement appropriate collection actions, including negotiation of payment plans when necessary.
- Monitor payment trends and identify clients at risk of delinquency.
Account Reconciliation
- Conduct regular reconciliations of client accounts to ensure accuracy and promptly resolve any discrepancies.
- Investigate and address unapplied payments and other account-related issues.
Financial Reporting and Analysis
- Generate and analyze accounts receivable reports to track performance, identify trends, and suggest improvements.
- Provide regular updates to senior management on accounts receivable 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 accounts receivable 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 accounts receivable.
- Maintain accurate and organized records and documentation for all accounts receivable transactions.
Reporting & Monthly Closing
- Ensure compliance with the monthly closing process.
- Assist team lead to implement month end processes for monthly and quarterly and year end closing.
- Assist Team lead in KPI reporting setup and processes.
- Assist in monthly closing in the system including Bank Reconciliations, vendor and customer reconciliations.
- Add value to monthly and quarterly Financial, Management and KPI reporting.
Qualifications & Requirements
- Bachelor’s degree in accounting, Finance, Business Administration, or a related field.
- CPA or ACCA or CA certifications is a plus.
- Must have at least 7+ years of relevant experience in accounts receivable management preferably within the HCM or Software or IT services industry.
- Must have at least 4+ years of prior public accounting experience.
- Must have strong IFRS and consolidation experience.
- Previous NetSuite and multinational company experience is a plus.
- Must have excellent verbal and written communication skills.
- Must have a strong process and control focus.
- Strong knowledge of accounts receivable principles, billing processes, and collection techniques.
- Hands-on experience in 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.
SMART Performance Goals
- In 6 months, reduce the duration of the monthly invoicing cycle by 5 business days.
- Ensure that the invoicing accuracy rate is 99.7.
- Within 6 months, reduce the overdue balances by 60% and ensure that the overdue balances do not represent more than 10% of the overall AR balances.
- Within 2 months, implement a monthly management reporting package, including Flash Reports, that provides the company leadership team with a clear overview of the key KPIs related to AR.
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Disclaimer
Mercans collects and processes personal data in accordance with applicable data protection laws. If you are a European Job Applicant see the privacy notice for further details. Mercans does not discriminate on the basis of race, sex, color, religion, age, national origin, marital status, disability, veteran status, genetic information, sexual orientation, gender identity or any other reason prohibited by law in provision of employment opportunities and benefits.