We are seeking a meticulous Accounts Receivable Executive with a deep understanding of the direct selling landscape to join our Finance team at PRISM+ Malaysia. As we scale our direct sales division, we need a finance professional who can navigate the complexities of high-volume individual transactions, automated payment gateways, and agent commission offsets. This individual will be responsible for ensuring that the lifeblood of our cash flow—incoming monthly payments from customers which must be recorded accurately and reconciled daily/monthly. If you are a detail-oriented professional who thrives in fast-paced environments where every cent counts, you will play a critical role in maintaining the financial integrity of our growth.
Responsibilities include, but are not limited to
- High-Volume Reconciliation: Perform daily reconciliation of incoming payments from various sources (E-wallets, FPX, touch and go, credit cards, and bank transfers) against invoices
- Commission-to-Debt Reconciliation: Calculate monthly agent commission entitlements and execute automated offsets to recover outstanding product balances, ensuring all AR aging is cleared before payouts.
- Agent Account Auditing: Monitor individual agent/customers ledgers to identify payment discrepancies, failed transactions, or unauthorized credit requests.
- DSO Management: Actively track and reduce Days Sales Outstanding (DSO) by implementing proactive reminder systems for agents with outstanding product balances.
- Dispute Resolution: Professionally handle billing inquiries and payment disputes from independent representatives, ensuring high service standards to maintain a positive sales force relationship.
- Reporting & Analysis: Prepare weekly aging reports and cash flow forecasts to give the Country Director and Finance Director visibility into the liquidity of the direct selling arm.
Requirements
- Bachelor’s Degree in Accounting, Finance, or a related discipline.
- Minimum 2-3 years of experience in an Accounts Receivable role, ideally within a direct selling industry
- Proven experience working within a Direct Selling structure is highly preferred, with a strong understanding of member-based financial flows/monthly recurring collection flows.
- Fluency in English and Bahasa Malaysia to effectively communicate with a diverse agent base across West Malaysia.
- Technical Proficiency: Advanced knowledge of ERP systems.
- Excel Power User: Exceptional ability to manage large datasets using pivot tables and VLOOKUPs to match payments against sales orders.
- Analytical Mindset: Strong attention to detail to catch minute anomalies in high-volume transaction logs before they impact the month-end close
Benefits
- Annual outpatient benefit (Includes dental and optical benefits)
- Birthday leave
- Annual increment
- Performance bonus