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Regional AR Accountant

OFS Malaysia is a subsidiary of Offshore Frontier Solutions Pte. Ltd. (OFS), a MODEC Group company in Malaysia. Being part of Modec means being the protagonist of a challenging career and being in touch with the latest deep-water production systems, knowing that your career begins in Malaysia, but your talent can take you anywhere in the world.

If you want to be one of the greatest in the market, this is your opportunity!

We are currently looking for talented individuals to join us for below role

Regional AR Accountant

We are currently based at KL Eco City, Malaysia.

Role Purpose

To provide accounting support for accounts receivables function, within MODEC policies & procedures, so as to ensure the company issues billings, receives payments on time and resolve discrepancies in an efficient, timely and accurate manner.

Key Accountabilities

  • Month-end Closing

Reviews accounting ledgers by verifying and posting revenue accruals/accounts receivables, analyzes if profit margin is within expected range in the absence of Senior Accountant, to ensure accurate revenue is recognized in the correct accounting period

  • Problem Solving & Control

Performs analysis of revenue recognition method and margin; and highlight accounting issues (if any) to supervisor where necessary, able to provide alternative solutions or accounting treatments to issues identified to comply with the accounting standards

  • Billings Processing

Reviews invoices generated for accuracy and completeness, compliance with contractual terms and output tax code, follow up with intercompany/external clients for any issues relating to billings to ensure these are issued on time and accurately

  • Collections of Receivables

Reviews and posts accounting journals relating to cash receipts, follow up with relevant parties on late payments in the absence of Accounts Associate/Specialist to ensure collectability of receivables and timely application of collections

  • Coaching

Trains and guides junior/new accounting staff to integrate junior staff into the Company standards

  • Work Process Improvements

Reviews overall process in the function to identify process/control gaps where necessary and recommend feasible improvements to supervisor to streamline the function’s process flow and enhance internal controls to improve the efficiency and efficacy

  • Audit Coordination

Prepares audit PBCs and liaise with auditors on queries, reviews audit PBCs in the absence of Senior Accountant to ensure timely reporting of audit deliverables to HQ and local statutory

Qualifications

  • Bachelor’s degree in Accounting, Finance, or related discipline.

  • Minimum 8 to 10 years of relevant Accounts Receivable (AR) experience, preferably in a regional or multinational environment.

  • Experience in Order to Cash (OTC) processes, hands on in intercompany billing/transactions and reconciliation.

  • Strong working knowledge of SAP (mandatory)

  • Experience working in a project-based environment (e.g., construction, engineering, project management) is highly preferred.

  • Good communication skills and ability to work collaboratively as part of a regional team.

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