Malaysia - Accounts Receivables Executive (Cash Application)

Who are Inchcape?

At Inchcape Shipping Services, our vision is to create a connected world where customers can trade successfully and make informed decisions in every port, everywhere. We achieve this by combining our worldwide infrastructure with local expertise, through our global network of more than 250 proprietary offices and a team of over 3,000 dedicated professionals. Our diverse customer base includes owners and charterers in the oil, cruise, container, and bulk commodity sectors, as well as naval, government, and intergovernmental organizations.

We have an ambitious growth model, and a career here is certainly going to be a rewarding one that will allow you to bring your skills

& experience. We embrace change and are open to new thinking and pushing for positive change in our industry.

Job Purpose:

Reporting to the Cash Application Supervisor, the role shall be primarily responsible for performing and/or overviewing all cash application activities concerning the region, ensuring standardized processes and procedures across multiple locations, in accordance with Group Standards.

Performing and overseeing the day-to-day tasks related to Cash Application to ensure all payments post accurately and timely to the customer’s account on the A/R

Duties and Responsibilities:

• Ensure all cash receipts are posted and applied accurately in the accounting system.
• Ensure prefunding receipts are posted and applied to the correct appointment and cost allocation in the accounting system.
• Promptly resolve any errors or queries raised for pre-funding postings.
• Prepare and circulate periodic reports relating to cash receipts and application
• In case of any difficulty in identifying the funds received, liaise with the operations/Global Receivables team to get correct and complete information
  

Daily tasks of Cash Application Executive:

• First thing in the morning sends out individual emails for each receipt received into the Citi Bank and Local Bank accounts to individual country / Collection Team / Operations Team.
• At noon send follow up email for any cash receipts missed in the morning.
• Receive email back from Collection Team / Operations Team - if no reply received, continue following up by email / teams until the funds are identified.
• Post the cash receipts into Accounting System.
• Allocate the balances either in full or partially.
• All Cash receipts must be posted by the end of the day.
• At the end of the day, the respective Bank accounts must be reviewed & any unidentified funds must be emailed to the Manager.
• Any ad hoc request must be completed on the stipulated time.

Knowledge, Skills, and Abilities:

Essential:

• 1 to 2 years’ experience in a Cash Application Department or Fresh graduate intern experience in Cash application department.
• Prior experience in Credit and Collections or Accounting Department management role
• Experience in working in a multi-national, multi-cultural organization
• Excellent communication skills and a good command of the English language (oral and written)
• Proficiency in MS Office Suite

Desirable:

• Knowledge of shipping business / industry
• Hands-on
• Quick self- learner
• Good motivational skills
• Honest, transparent and trustworthy
• Proactive, dynamic and innovative
• Culturally aware and diplomatic
• Accountability

Education, and Professional Qualifications:

• Bachelor’s Degree in Accounting/Finance

Desirable:

• Master’s in Accounting/Finance

Why Inchcape Shipping Services?

We believe in building a diverse and high-performing workforce that works together to provide our customers with the exceptional service they deserve. To reach the highest standards, we depend on our people, their welfare, training and expertise. We realise the value of our staff and know that your unique experiences, skills and passions will help you to build a rich and rewarding career in our dynamic industry.

Our values are at the centre of everything we do, and the successful candidate will be expected to demonstrate and fully adopt these:

Global Perspective - we connect the world and see the bigger picture.

The Power of People - we rely on the strength of local agent knowledge and relationships.

Progress - we adopt new thinking and push for positive change in our industry.

In return, we will offer you:

A diverse range of benefits, depending on your geographical location. Globally, as a minimum, you will receive:

• Holiday
• Competitive salary
• Employee Assistance Programme
• Career development and progression opportunities
• Values Award celebration events

Plus, much more!

If you think that you have the right skills, knowledge and attitude to join our team, then we invite you to apply by simply clicking at the top of this advert!

#ISSthebiggerpicture

Appointment to this role will be subject to satisfactory references and possession of a valid Right to Work documentation depending upon your geographical location.

Inchcape is an Equal Employment Opportunity Employer and equality, diversity and inclusion are at the centre of everything we do. We recognise that our customers, colleagues, contractors and other partners are central to our success and that we work in a diverse society. We acknowledge not only our legal, but also our moral responsibility to ensure all groups have equality of opportunity.

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