Accounts Receivable Officer

Location: Makati

Work Set-up: Fully Onsite | Dayshift | Monday - Friday | Compressed Schedule

Job Description:

The Accounts Receivable Officer is responsible for managing and overseeing the organization's billing and collection operations to ensure accurate revenue invoicing, timely customer payments, effective receivables monitoring, and compliance with established financial policies and procedures.

Key Responsibilities:

Billing and Invoicing Management

• Manage the end-to-end billing process, ensuring invoices are accurately prepared, reviewed, and released within established timelines.
• Validate billing information against approved contracts, purchase orders, sales transactions, and service agreements.
• Monitor invoice delivery and submission to customers to avoid delays in payment processing.

Accounts Receivable and Collection Management

• Oversee the implementation of collection plans and ensure adherence to established payment terms and collection schedules.
• Regularly assess outstanding receivables and aging balances to identify overdue accounts and potential collection risks.
• Develop appropriate collection approaches to improve recovery rates and minimize past-due accounts.

Team Management and Development

• Lead and supervise the Accounts Receivable team by establishing work priorities, delegating responsibilities, and monitoring deliverables.
• Set individual and team performance targets aligned with departmental objectives.
• Provide guidance, coaching, and technical support to strengthen employees' competencies and productivity.

Financial Reporting, Internal Controls, and Compliance

• Consolidate and analyze accounts receivable reports, including aging schedules, collection results, outstanding invoices, and overdue accounts.
• Provide management with timely updates on receivables performance, collection concerns, and potential financial exposure.
• Ensure that billing and collection transactions are properly documented and supported by appropriate records.

Operational Efficiency and Process Enhancement

• Evaluate existing billing and collection procedures and identify opportunities to improve turnaround time, accuracy, and operational effectiveness.
• Recommend improvements to strengthen internal controls and minimize billing and collection-related issues.
• Promote the effective use of ERP platforms, reporting tools, and automation to streamline receivables management.

Qualifications:

• Bachelor's degree in Accountancy, Accounting, Financial Management, or any related business or finance discipline.
• A Certified Public Accountant (CPA) license is an advantage.
• At least three (3) to five (5) years of relevant experience in accounts receivable, billing, and collection operations.
• Minimum of two (2) years of experience handling team supervision or a leadership function.
• Experience in managing customer accounts, receivables monitoring, collection negotiations, and financial reporting.
• Exposure to ERP or accounting systems such as SAP, Oracle, or NetSuite is preferred.