Cash Allocation

To ensure that customer accounts remain up to date and that automated processes (such as dunning activities) can operate effectively, all payments posted in SAP must be reviewed and allocated on the same day or, at the latest, within 48 hours of receipt. The person in this role will be responsible for obtaining remittance advice from customers when necessary to ensure payments are correctly allocated and that accounting records remain accurate and compliant. In addition, this individual will collaborate with colleagues across other regions on the development of Cash Allocation policies, the standardization and harmonization of processes across the group, and the identification, implementation, and configuration of automation opportunities to improve efficiency and accuracy. Accounting Responsible for verifying accuracy of accounting documents and records Compliance with and adherence to accounting standards Daily cash allocation Accurate cash allocation Developing and updating cash allocation procedures/policies/work instructions Automation Account reconciliations when required and maintain direct communication with customers Data management & reporting Data entry into ERP systems Compile data and prepare a variety of financial reports Open payments report – daily Qualification & Requirements Bachelor’s degree in finance or accounting or equivalent experience English – proficient verbal & writing Local language (Bahasa Malaysia) – proficient verbal & writing Good knowledge of accounting, rules and processes Accurate with eye for detail Skilled in SAP Open minded Team player Able to work independently Diplomatic Self-motivated