Assistant Finance Manager

Position Objective

. Contribute to the Finance team function

. Follow department procedures including maintenance and security of financial records

. Accurately & competently coordinate and monitor Accounts Receivable tasks

Accounts Receivable Operations

. Manage end-to-end AR processes including invoicing, cash application, and collections.

. Monitor aging reports and ensure timely follow-up on overdue accounts.

. Reconcile AR ledger to ensure all payments are accounted for and correctly posted.

. Liaise with Admissions on student movements (joiners, leavers, orientation)

Credit & Risk Management

. Assess and review customer payment patterns

. Set and maintain credit limits and payment terms in line with company policy.

. Implement strategies to minimize credit risk and bad debt

Collections & Customer Relations

. Develop and execute collection strategies to improve cash flow.

. Resolve escalated disputes and maintain strong customer relationships.

. Negotiate payment arrangements when necessary.

Compliance & Controls

. Ensure compliance with internal financial policies and external regulatory requirements (SSG & IRAS).

. Assist in external audits by preparing necessary documentation and schedules.

Revenue Management

. Prepare and post monthly revenue recognition entries for tuition fees, discounts, and other income.

. Maintain and update deferred revenue schedules to ensure accurate financial reporting.

. Reconcile revenue data between the Admissions and Finance systems, ensuring consistency in student year levels and pupil numbers.

Financial Reporting & Analysis

. Prepare and submit monthly revenue variance analysis with clear commentary on key drivers.

. Assist in the preparation of monthly, quarterly, and annual financial reports.

. Support budgeting and forecasting processes related to revenue and student enrolment.

. Monitoring and managing cash flow and bank accounts

. Performing analysis for monthly accruals and accurate posting of recurring journals

Process Improvement

. Identify opportunities to streamline finance processes and improve system integration.

. Collaborate with cross-functional teams to enhance data accuracy and reporting efficiency.

Position Requirements

. Excellent communication skills - oral and written English, numeracy & analytical skills

. Flexible with regards to changing duties

. Capacity to manage several tasks simultaneously and within work deadlines

. Results-oriented, high accountability and maturity with the ability to set priorities

. Strong leadership and excellent people management and development skills

. Ability to work individually, as a member of a team and interact at all levels within the organisation

. Strong leadership and excellent people management and development skills

. Result-oriented, high accountability and maturity with the ability to set priorities

. Strong administrative and organisation skills

Qualifications

. Accounts Receivable experience

. At least 5 years of experience in Finance and Accounting

. A recognized Degree in Finance/Accounts, ACCA / CPA preferred

. Minimum of accounting diploma / degree

. Preference for current bookkeeping / accounting experience / debt collection

. Experienced & competent IT Microsoft skills - Word, Excel, databases, email and Internet

Working Hours:

8:00 am - 5:00 pm, Monday to Friday