Senior Officer, Accounts Receivable

Main Purpose of the Job:

Senior Officer, Accounts Receivable will be responsible for overseeing and directing the daily works of the receivable section. This position is to handle and monitor all matters relating to customer credit and timely collection of outstanding debts. In addition, this position supervises auditing the receipts from each of the revenue generating departments in the Residences, ensure all revenue records are accurate and discrepancies reported on a timely basis, control documents for all areas of Residences operations and consolidate shift reports. Ensure that all revenue of the Residences is verified for completeness and accuracy, correctly recorded, processed and reported on a timely basis. Works closely with staff and operational departments to resolve exception finding in the audit process

Duties may include but not limited to:

• Know and observe the credit policies of the Residences to assist in establishing and to investigate customer’s credit worthiness by research through various available sources (e.g. banks, trade and credit associations etc.) and to recommend credit approval or disapproval to management.

• Maintain a complete alphabetical credit file for each account containing all documentation related to the credit research and maintain separate updated alphabetical listings of approved credit account holders and non-approved applications, and to circulate these listings to concerned departments.

• Set and continuously review credit limits for both in-house guests and City Ledger accounts and systematically follow up on collection of outstanding accounts in a manner that will yield the best timely results while maintaining good relations with the customer.

• Verify the accuracy of balances of accounts receivable and issue timely reminders and collection letters.

• Compiling clear and well defined credit procedures for all positions in a formal Credit Manual.

• Be responsible to audit all income related area according to established policy and procedures regulations as well as facilitates timely and accurate recordings

• Assist in developing and maintain checklists for completion of work in accordance with policies and procedures and internal controls

• Supervise and train audit staff in the collection, organize and analyze of daily financial paperwork from all enterprise residences operations.

• Perform the daily audit and reconciliation on related transactions

• Completion of month end duties requirements by completing account reconciliations and journal entry adjustments

• Ensure that audit checklists are up to date and diligently followed and signed off

• Supervise and train audit staff in auditioning documentation to ensure that all transactions are included and that all indicated transactions are accurate and valid

• Supervise all Audit subordinate staff for the discharge of daily audit tasks in timely bases. Motivate and develop subordinate staff by mentoring, coaching, and providing performance feedback

• Assist to monitors the auditing process for all residences activities and recommends revisions as business processes and systems change and develop

• Inform Finance Manager or above on a timely manner of any significant issues requiring resolution

• Perform other duties assigned by Finance Manager and/or above from time to time and assist in any ad hoc projects