Pakistan Job Openings
IFFCO
Junior Manager - Account Receivables & SG&A
November 5, 2024
Title: Junior Manager - Account Receivables & SG&A
Description:
Job Purpose
The Junior Manager – AR & SG&A – O2C is responsible for ensuring accurate financial recording, monitoring, and reporting within the Accounts Receivable and SG&A domains. This role includes overseeing provisions, general ledger (GL) reconciliation, SG&A analysis, and upholding the credit policy to optimize cash flow and support financial decision-making.
Key Responsibilities
Qualifications
Key Competencies
The Junior Manager – AR & SG&A – O2C is responsible for ensuring accurate financial recording, monitoring, and reporting within the Accounts Receivable and SG&A domains. This role includes overseeing provisions, general ledger (GL) reconciliation, SG&A analysis, and upholding the credit policy to optimize cash flow and support financial decision-making.
Key Responsibilities
-
Provisions Recording & Control
- Record provisions accurately and ensure compliance with financial policies and procedures.
- Monitor provisions to maintain an accurate financial position for AR and SG&A accounts.
-
General Ledger (GL) Analysis and Reconciliation
- Conduct regular analysis and reconciliation of GL accounts related to AR and SG&A.
- Identify and resolve discrepancies to ensure accuracy and alignment with financial reporting standards.
-
SG&A Follow-Up and Analysis
- Track and analyze SG&A expenses, identifying key variances to the budget or forecast.
- Prepare and present SG&A reports to management, providing insights for cost optimization.
-
Interest Analysis
- Analyze interest accrued on AR and other receivable accounts.
- Monitor and report interest-related figures to optimize cash flow and financial accuracy.
-
Customer Balance Confirmation
- Conduct regular customer balance confirmations to verify outstanding balances and maintain accurate records.
- Resolve any discrepancies in collaboration with customers and internal teams.
-
Sales Order Release
- Manage the release of sales orders based on credit limits and policy compliance.
- Coordinate with the sales team to ensure smooth order processing and adherence to credit policy.
-
Cash Collection and Receivables Follow-Up
- Ensure timely cash collection and maintain accurate tracking of receivables.
- Follow up on outstanding balances, coordinating with customers to facilitate prompt payments.
-
Customer Aging and Bad Debt Follow-Up
- Monitor customer aging reports and follow up on overdue payments to minimize bad debt.
- Collaborate with the finance team to review and update provisions for doubtful accounts.
-
Credit Policy Compliance
- Ensure that all AR activities adhere to the company’s credit policy.
- Conduct periodic reviews of the credit policy and provide recommendations for improvement as needed.
- Education: Bachelor’s degree in accounting, Finance, or a related field.
- Experience: 3+ years of experience in accounts receivable, financial analysis, or similar roles; prior experience in O2C processes preferred.
- Technical Skills: Proficiency in accounting software (e.g., SAP, Oracle), strong Excel skills, and familiarity with O2C tools.
- Soft Skills: Strong analytical abilities, excellent communication skills, attention to detail, and the ability to work cross-functionally.
Key Competencies
- Problem-solving and critical thinking
- Financial acumen and accuracy
- Customer relationship management
- Strong organizational and time management skills
- Adaptability to a fast-paced environment
Business Unit: Oil & Fats - Pakistan (PKBU02)
Business Group: IFFCO Pakistan (Pvt) Ltd (PK01)
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