Associate Director, Reconciliation Management | Tng

Job title: Associate Director, Reconciliation Management | Tng

Company:


Job description: We fuel the ideas and ambitions of our people with an environment built on Our DNA of Love, Entrepreneurship, Agility, and Passion – LEAP We are a culture that empowers everyone to innovate and create solutions that will leave a positive impact on our communities and our nation, Touch ‘n Go will always be here to inspire our talents to grow as leaders and innovators giving you the power to make a difference. What would you do Oversee, design & analyse the overall business, financial and IT systems and processes to ensure that they are fit-for-purpose, aligned and streamlined for finance & accounting, end-to-end transaction processing, transaction matching and account reconciliations. Oversee and manage the reconciliation management team, ensure the reconciliation of trade debtors, trade creditors and prepaid balance are properly reconciled on a monthly basis in a timely manner. 2. Account Reconciliation 3. Design Process and GL Mapping 4. Month end closing 5. Reporting & Stakeholder Management Cash Reconciliation Monitor cash collection from all segments of reload business, reconciling to bank statement and backend data Outstanding balances are to be monitored and followed up with Service Providers. Action to be taken as per agreement and escalation to be made when required Assisging reload amount to service providers as per agreement and payment terms Review and approve commissions invoice received and processed by the team before submission to Account Payable for payment. Strong knowledge of account receivable process,account payable process,prepaid balance and accruals. Ensure the Debtors, Creditors, Refund Payment and related Prepaid Balance account reconciliations are completed in an accurate and timely manner as per the approved OS/OPM. Review and approve the account reconciliations prepared by the team, including making decision in resolving the issues arise from the reconciliations. Ensure monthly adjustments are made as required to normalize the accounts Ensure the team is able to understand the issues and resolve the reconciling items in a timely manner. Work closely with stakeholders i.e., Operations, Technology, Service Providers on the resolutions of reconciling items Identify process inefficiencies and drive automation in reconciliation. Understand the needs and design of the overall business rules (related to products and financial systems), understand processes including GL mapping, and master data Establish the mechanism and methodology of reconciliation by understanding the processes, the required data structure and matching rules. Review and validate accounts reconciliation for completeness and accuracy Identify any matching and reconciliation backlogs and issues in trade debtors, trade creditors and prepaid balance Identify potential commercial/business issues such as missing reloads/missing batches Perform month end close activities Perform month end adjustments as required in a timely manner Liaise with trustee and statutory auditors as required Prepare and present reconciliation reports to senior management, highlighting discrepancies and resolution status. Act as a key liaison with internal / external auditors, addressing any reconciliation-related queries. Collaborate with other finance departments and IT and business teams to resolve discrepancies and implement process enhancements. Who should join us Degree in Finance/ Accounting or equivalent professional qualifications ACCA, CPA, or equivalent accounting qualifications 10 years of related working experience in reconciliation and financial analysis with minimum 3 years of people management experience for 3 – 5 team size. Experience in month-end close activities Microsoft Office – Advanced (especially in Excel) Python for analyzing and matching data or equivalent would be an added advantage. Experience in using reconciliation tools Proven understanding of finance processes and best practices Proven analytical skills and ability to resolve issues Good communication and presentation skills Diligent with strong attention to detail, strong problem solver Microsoft Office – Advanced (especially in Excel) Good project management skills Ability to work independently with be able to coach and mentor team Our Perks & Benefits Hybrid, Flexi hours and home workplace subsidy. e-Wallet meal allowance. Unlimited office pantry fruits, snacks and drinks. Mobile and broadband subscription reimbursement. Flexibility to opt dependents coverage (spouse, child, parents or parents-in-law) for outpatient medical benefits. Additional leave including family leave and paid care leave to care for family members. Medical coverage including dental, optometrist, mental care, maternity, registered Traditional Chinese Medicine (“TCM”) and Chiropractic. Corporate membership discount and many more to explore. We believe that you have what it takes to fit into the Touch ‘n Go family and help revolutionize the Fintech industry by paving the way to a cashless society. If you&aposre ready to take the next step, apply now! Touch ‘n Go is an organization that strives to provide Equal Opportunity Employment, based on merit, qualifications, capabilities, and calibre. It is Touch ‘n Go’s policy to not discriminate based on age, race, religion, colour or other personal status, identity or characteristics. Fair Opportunity is Our Value and Practice. Please advise us of any accommodations you may need by e-mailing: [HIDDEN TEXT] Note: Only shortlisted candidates will be contacted. Employment Type: Permanent (Full Time) Show more Show less

Expected salary:

Location: Kuala Lumpur

Job date: Sat, 15 Mar 2025 23:50:55 GMT

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