Do you want to work with passionate teams, providing excellent business and digital services to the Asia Pacific region?
Do you want an open, supportive, and caring working environment?
Do you view your development needs seriously as we do?
If YES, then take your career to the #NextLevel with BASF!
Objectives of the Position
Provide Accounts Receivable (AR) & Inter-Companies Reconciliation (ICR) services to business units in accordance with established processes, work procedures and in compliance with BASF policies, Financial Reporting Compliance (FRC), local company legal and statutory requirements.
Ensure that timelines and quality are met within the agreed service levels agreements.
Main Tasks
Functional Tasks (including but not limited to):
Process incoming receipts made by customers with various payment methods in accordance with Service Level Agreements (SLA).
Process customer rebates contract maintenance & rebate settlement credit notes for 3rd party customers.
Generate statement of accounts & dunning letters for the customers.
Resolve account discrepancies such as unallocated/unidentified receipts.
Process Trade AR expected credit loss & specific provision and write-offs of bad debts according to IFRS 9.
Provide balance confirmation for 3rd party customers upon request from end-users.
Generate periodic/ad-hoc AR reports in accordance with end-users and/or BASF requirements.
Perform customer reconciliation per request from auditor or customers.
Process exceptional customer invoices, debit notes and credit notes (whenever necessary).
Clear and monitor open items in General Ledger accounts related to customers.
Process customer refunds.
Ensure that queries are attended according to the agreed timelines.
Support in transition/projects activities and perform testing.
Initiate and execute inter-company reconciliation in accordance with process documentation by identifying the reason for inter-company differences.
Perform month-end and year-end close activities to ensure timely and accurate closure of accounts.
Investigate Condor discrepancies and provide adjustments via Adrian portal before reporting deadline.
Ensure all inter-company differences upon investigation are justifiable and coordinate with the stakeholders for resolution.
Follow up and monitor inter-company receivable overdue aging transactions.
Coordinate and investigate unsuccessful settlement request (SR) creation.
Provide advice and guidance to relevant recipients on commission error for resolution.
Reconcile the data maintenance in inter-companies' vendors & customers according to the inter-company guideline i.e.: payment term and currency.
Ensure no retrospective adjustment for posted invoices at the time new maintenance takes place.
Attend to inter-company reconciliation related queries from stakeholders.
Compliance
Participate in any compliance audits and respond to audit queries (for both internal and external).
Ensure all work documentation and work processes are updated and meet BASF policies & guidelines, local company's policy, legal and statutory requirements.
Quality and Continuous Improvement
Identify, recommend, and implement continuous improvement opportunities in quality and efficiency to support smooth implementation.
Prepare training materials and conduct end-user trainings when required.
Support new and existing team members through proper knowledge transfer; and sharing of best practices thereby ensuring quality is maintained through any staff transition.
Others
Support Business Continuity Plan (BCP) through resource planning, backup and communication.
Perform any other tasks due to Service Hub KL management strategy and/or changing business environment as required.
Additionally, for Associate Analyst:
Act as Area of Competency (AOC) member for Accounts Receivable process including but not limited toAUTOBANK key user to maintain AUTOBANK rules to enable auto post and clear of incoming receipts and/or
Rebate Process key user as the first escalation point and support new process implementation & improvement.
Intercompany Reconciliation process.Prepare Credit Risk Management reports and ensure reports comply with global and regional Credit Risk Management policies, procedures and guidelines and address ad-hoc queries.
Perform CARAT report validation and resolve discrepancies.
Handle inter-company master data coordination which involves new inter-company setup, liquidation, merging and inter-company general data changes.
Act as Countries Cluster Lead to coordinate all the country's inter-company reconciliation related activities.
Support Internal, Regional and Global projects as and when required.
Requirements
Education
Bachelor's Degree or Diploma in Finance/Accounting or related disciplines or Professional qualification in Finance (e.g., ACCA, CPA, etc.).
Working Experience & Skills
Fresh graduate with Bachelor's Degree in Finance/Accounting or related disciplines.
Diploma with minimum 1-2 years working experience in related fields.
External experience in a shared service or business process outsourcing engagement will be an added advantage.
Good interpersonal skills to communicate with service recipients.
Good time management, organization skills, and multi-tasking skills.
Ability to work independently with minimal supervision, and to excel under pressure for meeting tight deadlines.
Technical & Professional Knowledge
Knowledge of MS Office Applications, especially MS Word, Excel, and PowerPoint.
Knowledge of SAP Systems will be an added advantage.
Proficiency in English and other languages required.
Knowledge in programming or scripting is an added advantage but not mandatory.
BASF Asia-Pacific Service Centre was established in 2005. Located in Kuala Lumpur, the regional service hub has approximately 1,100 employees and is growing. Focused on being a competency and digitalization driven hub, it also provides quality functional and know-how services in the areas of finance, controlling, human resources, real estate and facilities management, communications, environmental, health and safety, procurement, import-export order management, and information services to BASF companies and affiliates in the Asia Pacific region. BASF also has two other regional hubs located in Berlin, Germany, and Montevideo, Uruguay that cover the Europe and Americas regions.
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. Around 111,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €87.3 billion in 2022. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S.
For further information, and to apply, please visit our website via the "Apply" button below.
Candidates must be resident in Malaysia, or have the right to work in Malaysia.#J-18808-Ljbffr