AR Accountant, Singapore - #1127930

About Symrise AG

Symrise is a global supplier of fragrances, flavourings, cosmetic active ingredients and functional ingredients. Its clients include manufacturers of perfumes, cosmetics, food and beverages, the pharmaceutical industry and producers of nutritional supplements and pet food. Its sales of approximately € 5.0 billion in the 2024 fiscal year make Symrise a leading global provider. Headquartered in Holzminden, Germany, the Group is represented in more than 100 locations in Europe, Africa, the Middle East, Asia, the United States and Latin America. Symrise works with its clients to develop new ideas and market-ready concepts for products that form an indispensable part of everyday life. Economic success and corporate responsibility are inextricably linked as part of this process.

Symrise – always inspiring more …

Accounts Receivable Accountant, Singapore

You will be a trusted member of the SG Finance team responsible for Credit Management and Revenue Recognition process for Symrise Singapore Entity, working closely with customer service team and partnering various Business Partners. This role reporting into the Regional Finance Manager offers the possibility to develop your analytical skills to full scope of credit risk management, especially across the high growth markets like APAC. Also, presents as a great opportunity for those seeking career development looking to grow into an Assistant Manager, Regional Finance role.

The Position:

This AR account role has 2 key focus areas:  Sales and Revenue matters and Credit Management for Symrise Singapore entity.

Sales and Revenue Matters

• Proceed monthly reconciliation (IC and third party）

• Check unbilled CN/goods return/blocked invoice/GIT/Customer Claims

• Compute and book IC royalty and commission (income/expense）

• Manage the accruals and invoice posting for rebates and core list expenses (Local and Global)

• Review, analyze rebates, commissions and corelist variance and provide comments

• Ensure rebates and commission payments aligned with the agreements

• Prepare and load the budget inputs for sales, rebates and RMC

• Attend to external auditors’ sales/AR related queries

• GST output tax reporting

• Filing of withholding tax for Royalty payment

Credit Management

• Check and release credit blocks at both order and delivery level

• Customer master data creation and maintenance

• Review credit limit for new and existing customer accounts

• Manage payment collection with third party customers and prepare bad debt provision

• Prepare DSO dashboard and top overdue aging reports

• Provide update on collection with forward aging to forecast overdue landing for the month

• Process refunds for exceptional cases

• Collaborate with various functions to resolve disputes

• All other duties as assigned

The Ideal Candidate:

• Is a degree holder in Accountancy, CA preferred

• Possess 4-6 years of relevant working experience, preferably in manufacturing industry

• Strong analytical skills and agility to pick up new tools, with analytical experience working with BI Tools such as MicroStrategy, detailed oriented

• Experience with SAP preferred, has the working experience in dealing with SE Asia customers on credit & AR management is highly preferred

• Does possess strong team player spirit with good communication skills & working attitude

• Is a fast learner, ability to deliver under fast-paced environment and meet deadlines.