Assistant Manager, Finance

The primary purpose of the position is to oversee the financial matters relating to Account Receivable (AR) and Credit Management for the principal accounts in our Penang branch.

Job Description:

Credit Management

• Assist in reviewing credit facilities and customers’ credit worthiness through available sources (e.g. credit-rating company, payment history) and highlight to superior on any areas of concerns.
• Monitor the outstanding against credit limit.
• Ensure credit and collection policies and procedures are followed by the Team.
• Monitor and ensure Statement of Accounts, reminders, and warning letters by all AR teams are sent on a timely basis.

Accounts Receivable (AR)

• Assist in preparation of daily and weekly AR Performance/Tracking Report.
• Monitor Aging Report and ensure outstanding is paid timely.
• Monitor documents released without payment, prompt action and ensure payment is received.
• Monitor Dispute Management Report, disputes are resolved promptly, and results are communicated to customers timely.
• Monitor waivers requests and ensure waivers are properly authorized as per the policies and procedures.
• Manage Demurrage and Detention transactions and ensure all Demurrage and Detention Invoices are billed timely.
• Manage outstanding over the credit limits, immediate reminders sent and outstanding collected.
• Systematically follow up on collection of outstanding accounts in a manner that will yield the best timely results while maintaining a good relationship with the customers.
• Monitor payments are receipted promptly.
• Monitor the negative balances and overpayment transactions monthly and ensure refunds are done promptly or offset in accordance with the negative balance policies and procedures.
• Monitor and ensure unapplied transactions are applied promptly within a month.
• Identify high risk debts; adhere strictly to control procedures to minimize bad debts.
• Analyze trends in Accounts Receivable balances or significant changes in payment patterns and recap major collection problems for weekly Accounts Receivable Meeting.
• Liaise with customers, as well as internal personnel including the sales team.
• Resolve all AR related issues on timely basis.

Job Specification:

• Degree in Finance or professional qualification.
• 5 years of work experience within an Accounts/Finance environment.
• Proficiency in OPUS is a plus.

How do your skills match this job?

Your application will include the following questions:

• How many years' experience do you have as an Assistant Finance Manager?
• Which of the following statements best describes your right to work in Malaysia?
• What's your expected monthly basic salary?
• Which of the following types of qualifications do you have?
• Which of the following accounting tasks are you familiar with?
• How many years' experience do you have in a credit management role?

Company Overview:

OCEAN NETWORK EXPRESS (MALAYSIA) SDN BHD is a Japanese owned shipping company with our HQ located in Shah Alam, Selangor and 2 branches located in Penang & Johor Bahru respectively. You can browse for our company at my.one-line.com or one-line.com.

Perks and Benefits: Medical, Miscellaneous allowance, Dental, Performance Bonus, Trainings, Insurance, free snacks.