Finance Manager - Trade Receivables & Payables

Established since 2006, BIG Pharmacy Healthcare Sdn Bhd has grown progressively from a neighborhood pharmacy to one of Malaysia’s leading pharmacy chain. We are expanding rapidly with over 300 hundred outlets throughout Malaysia. Big Pharmacy is the fastest growing community pharmacy in Malaysia. The group is poised for expansion nationwide with its strong management team, wide product range, and institutionalised pharmacist training program which formed the foundation of our successful business model.

Job Description

Trade Receivables Management:

  • Oversee the accounts receivable process, including invoicing, collections, and cash application.
  • Develop and implement strategies to minimize overdue accounts and reduce DSO (Days Sales Outstanding).
  • Monitor and analyze customer credit limits and aging reports.
  • Ensure accurate and timely recording of revenue and receivables in the financial system.
Trade Payables Management:
  • Supervise the accounts payable process, including invoice processing & vendor payments.
  • Develop and maintain strong relationships with vendors and suppliers.
  • Manage payment schedules to optimize cash flow.
  • Review and approve payment runs, ensuring accuracy and adherence to company policies.
  • Monitor and analyze accounts payable aging reports and resolve discrepancies.
Financial Reporting and Analysis:
  • Conduct financial analysis to identify trends, variances and opportunities for process improvements.
  • Assist in the preparation of budgets and forecasts related to receivables and payables.
Process Improvement:
  • Evaluate and enhance existing processes for efficiency and effectiveness.
  • Implement best practices to streamline operations and reduce manual effort.
  • Ensure compliance with internal controls and accounting standards.
Team Management:
  • Lead and mentor a team of finance personnel responsible for receivables and payables.
  • Conduct performance evaluations, provide training and support professional development.

Requirement:

  1. Bachelor’s degree in Finance, Accounting, or a related field.
  2. Proven experience in a finance management role, with a focus on trade receivables and payables.
  3. Strong understanding of accounting principles and internal controls.
  4. Excellent analytical skills and attention to detail.
  5. Proficiency in SAP
  6. Strong leadership and team management abilities.
  7. Effective communication and interpersonal skills.
  8. Ability to manage multiple priorities and work under pressure.

  Employment Type:  Full Time

  Min. Education:  Degree