Account Receivable & Intercompany Reconciliation (Analyst)

Details of the offer

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 method 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
Resolving account discrepancies such as unallocated/unidentified receipts
Process Trade AR expected credit loss & specific provision and write-offs of bad debts according IFRS 9
Provide the 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)
Clearing and monitoring of open items in General Ledger accounts related to customers
Process customer refund
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 of inter-company differences
Perform month end and year end close activities to ensure timely and accurate closure of accounts
Perform investigation for Condor discrepancies and provide adjustment via Adrian portal before reporting deadline
Ensure all inter-company differences upon investigation are justifiable and coordinate with the stakeholders for resolution
Perform follow up and monitoring on inter-company receivable overdue aging transactions
Coordinating 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 are accordance to the inter-company guideline i.e.: payment term and currency
Ensure no retrospective adjustment for posted invoices at the time new maintenance taken 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 met with BASF policies & guideline, 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 practice thereby ensuring quality is maintained through any staff transition
Others
Support Business Continuity Plan (BCP) through resource planning, backup and communication
Any other tasks due to Service Hub KL management strategy and/ or changing business environment may require to be performed
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 processPrepare of Credit Risk Management reports and ensure reports in compliance with global and regional Credit Risk Management policies, procedures and guidelines and address to ad-hoc queries
Perform CARAT report validation and resolve when discrepancies
Handling inter-company master data coordination which involved 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 to service recipients
Good time management, good organization skills and multi-tasking skills
Ability to work independently with minimal supervision, and to excel under pressure for meeting any tight deadlines
Technical & Professional Knowledge
Knowledge of MS Office Applications, especially MS Word, Excel and Power Point
Knowledge of SAP Systems will be an added advantage
Proficiency in English and other languages required
Knowledge in programming or scripting are 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 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


Nominal Salary: To be agreed

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