Assistance Accounting Manager- AR

  • Bangkok, Thailand
  • Full-time
  • Company Location: Bangkok

Company Description

Minor International (MINT) is a global company focused on three core businesses: restaurants, hospitality and lifestyle brands distribution. MINT is one of Asia’s largest restaurant companies with over 2,000 outlets operating system-wide in 19 countries under The Pizza Company, Swensen’s, Sizzler, Dairy Queen, Burger King, Thai Express, The Coffee Club, BreadTalk (Thailand) and Riverside brands. MINT is also a hotel owner, operator and investor with a portfolio of 155 hotels and serviced suites under the Anantara, AVANI, Oaks, Tivoli, Elewana Collection, JW Marriott, Four Seasons, St. Regis, Radisson Blu and Minor International brands in 24 countries across Asia Pacific, the Middle East, Africa, the Indian Ocean, Europe and South America. MINT is one of Thailand’s largest distributors of lifestyle brands focusing primarily on fashion, home and kitchenware and contract manufacturing. Its brands include Gap, Banana Republic, Brooks Brothers, Esprit, Bossini, Etam, Charles & Keith, Pedro, Radley, Anello, Zwilling J.A. Henckels, Joseph Joseph and ETL Learning. Bemynt is MINT’s e-commerce platform offering premium fashion and lifestyle products. For more information, please visit www.minorinternational.com.

Job Description

  1. Job Purpose

Assistant Accounting Manager is responsible for leading and managing team to process Account Receivables (‘AR’) for Hotel Group, collections for all BU, applications for credit facilities, issuing AR-related reports, continuously identifying improvement opportunities in Credit and Collection systems or process, developing, coaching, and engaging credit and collection team members

  1. Main Responsibilities

Account Receivables for Hotel Group

Lead and manage team to

  • Verify amount to-be paid by credit customers (e.g. Travels Agents and Companies) on City Ledger (CL) basis is correct as per sales contract

  • Issue invoice to customers

  • Issue pro-forma invoice to customers in case of advanced deposits (e.g. Group bookings)

  • Resolve issues with Properties (if any) and make adjustments as necessary (e.g. overcharge or undercharge)

Collections for all BU

Collect and distribute invoices

  • Lead and manage team to receive invoices from MGS AR teams (e.g. Consignment, Plaza, Intercompany, Franchise) and coordinate with Bill Collectors to issue invoices and send to customers (e.g. Department Stores)

Follow-up on daily and monthly AR aging report

  • Coordinate with

  • Bill-collectors to collect cheques from customers and deposit in banks

  • Sales team to follow-up with overseas customers

  • Load bank statement to verify payments are made (major banks are Citibank, SCB and Standard Chartered)

  • Produce daily Collection report (in Excel) and send to MGS Tax team to produce Output VAT Report

  • Deduct debt amount received from customers in the system (currently Oracle and Opera)

  • Contact Legal department in cases of uncollectible accounts according to Credit and Collection policies

 

 

 

Applications for Credit Facilities

  • Lead and manage team to

  • Coordinate with Sales team to send application forms to requestors (e.g. Travel Agencies and companies that request direct-billing)

  • Obtain information about requestors (e.g. company registrar, billing cycles, etc…) from Sales team

  • Conduct reference check by contacting Properties

  • Send application form to Properties FC and GM for approval

  • Create account number for requestors in the system (currently Opera)

  • Send letter of approval to confirm credit terms and credit limit to requestors

 

AR-related Reports

  • Lead and manage team to

  • Send weekly AR aging report to Properties FC and Sales team to advise on outstanding accounts, credit limit and other issues

  • Follow up on monthly AR aging report and send report to Properties FC and GM and MGS Accounting Senior Management

  • Conduct analysis for overdue accounts and percentage of outstanding accounts by Hotels for previous month

 

Credit and Collection Systems or Processes Improvement

  • Identify improvement opportunities in systems and processes

  • Lead and manage team to develop, implement, and report on improvement initiatives

 

Team Management

  • Review team’s performance on a frequent basis

  • Analyse areas for improvements based on frequent reviews

  • Develop and monitor implementation of improvement initiatives

  • Support team and perform tasks individually when needed

  • Ensure high levels of team motivation, morale and teamwork

  • Build organisation

  • Provide development opportunities to staff to build capabilities

  • Coach direct reports and key talents to deliver on individual performance

Qualifications

Qualifications:

  • Proficiency in English Communication in both written and verbal

Education:

  • Bachelor’s Degree, preferably in Accounting

Experience:

  • At least 3-4 years of experience in Administration

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