WHAT WE OFFER
- Competitive Salary Packages
- Professional Development Opportunities
- Hybrid Work Setup
- Equipment Provided
- Day 1 HMO
- Life Insurance
POSITION OVERVIEW
The Finance Associate will be responsible for managing and processing accounts receivable and accounts payable, optimizing cash flow, conducting collections, and providing detailed financial reporting and analysis. This role requires strong analytical skills and a proactive approach to process improvement to ensure the efficiency and accuracy of financial operations.
WHAT WILL YOU DO?
Accounts Receivable
- Process and post incoming payments accurately and timely.
- Monitor aging reports and follow up on overdue accounts.
- Communicate with customers to resolve billing issues and ensure timely collections.
Accounts Payable
- Process vendor invoices and payments in accordance with company policies.
- Reconcile vendor statements and resolve discrepancies.
- Ensure all payments are processed within payment terms to optimize cash flow.
Cash Flow Optimization
- Monitor daily cash flow activities and ensure adequate liquidity for operations.
- Assist in developing cash flow forecasts to support business needs.
- Identify opportunities for improving cash flow management practices.
Collections
- Manage the collections process for overdue accounts.
- Develop strategies for timely and effective collections.
- Maintain strong relationships with clients to minimize outstanding receivables.
Financial Reporting and Analysis
- Assist in preparing financial statements, including balance sheets and income statements.
- Conduct variance analysis and provide insights into financial performance.
- Generate reports on AR/AP aging, cash flow, and collection performance.
Process Improvement
- Identify inefficiencies in AR/AP processes and recommend improvements.
- Collaborate with other departments to streamline financial workflows.
- Implement best practices to enhance financial controls and reporting accuracy.
Data Management
- Manage and maintain finance-related data.
- Ensure data integrity, accuracy, and confidentiality.
General Ledger Management
- Assist in journal entries, account reconciliations, and ledger maintenance.
- Ensure compliance with internal policies and accounting standards.
Other Responsibilities:
- Execute additional tasks as assigned by the immediate supervisor/manager, demonstrating flexibility and adaptability.
- Be available to extend work hours when necessary to meet deadlines and fulfill organizational needs.
- Bachelor’s Degree in Accounting, Business Administration, or any equivalent degree.
- Above average English verbal and written communication skills.
- Payroll Expertise
- Accounting Knowledge
- Compensation and Benefits
- Data Management
- Attention to detail
- Analytical Skills
- Confidentiality
- Communication
Skills Required
- Bachelor's Degree in Accounting, Business Administration, or equivalent
- Above average English verbal and written communication skills
- Payroll Expertise
- Accounting Knowledge
- Compensation and Benefits
- Data Management
- Attention to detail
- Analytical Skills
- Confidentiality
- Communication
What We Do
Payreto stands for OPERATIONS EXCELLENCE. We are a Knowledge Process company that provides customizable operations solutions for the financial services industry. Our job is to fuel our financial institution partners’ operations excellence by embedding our world-class support principle and wide-ranging knowledge applications. We address any operations problems our partners might face thru our four pillars of services: 1. Onboarding as a Service Achieve an agile onboarding application process with a solid customer due diligence and transaction monitoring while acquiring customers targeted to your compliance criteria 2. Payments as a Service Go to market quickly and offer advanced global payment processing through our PCI Level 1 certified white-label multi-gateway approach 3. Finance as a Service Streamline your back office processes with a team of experts focused on finance & accounting, reconciliation, and reports 4. Contact as a Service Manage customer and merchant inquiries with a 24/7 contact center and technical support Here in Payreto, our team is geared towards global reach and experience - a culture we aim to nurture long-term. This commitment to our team is our pledge to our partners and clients as we continue to grow and become the leading and trusted operations partner for financial institutions around the globe.
