Account Receivable Executive

About the role

Raffles College of Higher Education Sdn Bhd is seeking an Accounts Receivable Executive to join our Finance department in Kuala Lumpur. This is a full-time position that plays a crucial role in managing the college's receivables and credit operations. As Accounts Receivable Executive, you will be responsible for ensuring timely collection of outstanding payments, maintaining accurate financial records, and supporting the overall financial health of the institution. This position is integral to our operations, directly impacting cash flow and financial stability.

Key responsibilities

Perform day to day account receivable transaction to ensure that finance reports are maintained in effective, up to date and accurate manner.

Main activities:

• Obtains revenue by verifying transaction information; computing charges and refunds; preparing and mailing tuition fee invoices; identifying delinquent accounts and insufficient payments.
• Ensure all cash collected are kept in safe at the end of the day. Deposit all cash & cheque collected on every Tuesday and Friday. Generation of long overdue AR ageing reports for bad debts assessment.
• Identify and update unknown deposits on weekly basis.
• Prepares financial reports by collecting, analyzing, and summarizing account information and trends. Update AR report on weekly basis. AR adjustment for old course fees, retake fee & ESL fee.
• Update retake & ESL fees into UBS system (UBS vs student listing).
• Reconcile student number.
• Mail Tax invoice reminder (1, 2 & Final reminder) to students & parents.
• Print late payment charges invoice and updating to UBS accounting system.
• Prepare quarterly revenue recognition schedules (Revenue/Advance acct).
• Check revenue summary to reasonableness test (Revenue proofing report).
• Additional reporting – AR collection & Active/inactive students, student population & revenue profile.
• Updating receipts and AR adjustment into UBS system on monthly basis.
• Organize and maintain proper filing system.  Ensure the confidentiality and security of all financial files.
• Respond to inquiries of staff and administration regarding financial procedures for the purpose of providing information, direction and/or referral for addressing inquiry.
• Perform other related duties as required during working hours.
• Collaborate with the relevant department in generating the student invoices in Pluto system.
• Review student invoices for accuracy and issue credit notes where necessary with the relevant supporting documents and approvals.

What we're looking for

• Diploma or Bachelor's degree in Accounting, Finance, or a related field
• Minimum 2-3 years' experience in accounts receivable, credit control or a similar financial role
• Proficiency in accounting software and Microsoft Office applications, particularly Excel
• Strong knowledge of invoicing, payment processing and credit management principles
• Excellent organisational and time management skills with the ability to prioritise multiple tasks
• Strong communication skills, both written and verbal, particularly for debt collection interactions
• Attention to detail and high accuracy in financial record-keeping and data entry
• Ability to work independently whilst collaborating effectively with other team members
• Professional and diplomatic approach to handling sensitive payment and credit discussions
• Problem-solving skills and the ability to resolve payment discrepancies efficiently
• Familiarity with the education sector or experience managing receivables for large institutions is advantageous

Apply now

If you meet the above requirements and are interested in joining Raffles College of Higher Education Sdn Bhd, we encourage you to submit your application with a current curriculum vitae and cover letter. Please send your application to our Human Resources department for consideration.