About the Job
As an Accounts Receivable Officer, you are responsible to accurately allocate incoming payments to customer accounts, ensure the integrity of accounts receivable records, and support the broader credit control and collections process. Your work will directly impact cash flow reporting, customer account accuracy, and internal financial controls.
Job Responsibilities:
- Ensure all incoming payments (bank transfers, cheques, online payments, etc.) are accurately and promptly allocated to customer accounts in the accounting system.
- Reconcile customer accounts and resolve any discrepancies between payments received and invoices issued.
- Review customer remittance advices to match payments with open invoices, ensuring correct application across multiple invoices, partial payments, or prepayments.
- Collaborate with the credit control and sales teams to investigate and resolve any payment allocation issues or customer queries.
- Maintain and regularly review unallocated cash balances, working proactively to allocate or refund as needed.
- Provide regular updates on allocation status and outstanding unallocated funds to the Accounts Receivable Manager.
- Ensure the ERP/accounting system reflects accurate customer account statuses by updating allocations and supporting documentation.
- Support audit requirements by ensuring allocation processes are documented and compliant with internal controls.
Job Requirements:
- Bachelor&aposs degree in Accounting, Finance, or a related field.
- 1-3 years of experience in an Accounts Receivable or finance support role, preferably with a focus on account allocation or reconciliation.
- Experience with ERP systems (e.g., SAP, Oracle, NetSuite, Microsoft Dynamics) is an advantage.
- Proficient in Microsoft Excel and other Office applications.
About Kawan Lama Group
Established in 1955, Kawan Lama Group is a multi-sector group of companies who are constantly innovating for improving the quality of lives. Manages 28 brand portfolios operating in six different sectors: Commercial & Industrial, Consumer Retail, Food & Beverages, Property & Hospitality, Manufacturing & Engineering, and Commercial Technology. Aiming to be more than family business - but beyond that, we are business for families, we carry the mission to bring values for betterment of lives through business development and continuous growth.
