Group Overview
The TP ICAP Group is a world leading provider of market infrastructure.
Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions.
Through our people and technology, we connect clients to superior liquidity and data solutions.
The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world’s leading provider of OTC data, and an award winning all-to-all trading platform.
The Group operates from more than 60 offices in 27 countries. We are 5,300 people strong. We work as one to achieve our vision of being the world’s most trusted, innovative, liquidity and data solutions specialist.
Job duties:
Responsible for Credit Control and Accounts Receivables Collections for Singapore, and Act as Liaison Officer for APAC with Global Accounts Receivables Team
Credit Control
•Administer the creation, distribution and reconciliation of Accounts Receivables invoices
•Maintain client relationship and client standing data in association with settlements
•Receipt and allocate cash from bank statements or clients correspondences on a timely basis and an accurate manner to ensure zero unallocated cash
•Regular liaison with Global Accounts Receivable Team based in UK on global banking clients of Singapore
•To act as liaison between APAC Accounts Receivable Teams and Global Accounts Receivable Team
•Maintain standing data of customers and work with on-boarding team to ensure all customers are in the system
•Reconcile the revenue and invoice upload files from settlement systems to accounting
system and resolve all encountered issues
Collections
•Contact clients via emails and follow-up phone calls for outstanding balances, at least once a month, or more frequent for clients with aged debts
•Follow up with clients promptly via emails and phone calls on queries made with respect to their outstanding trade receivables and invoices, to enable collections of aged debts on time
•Draw up a plan to achieve DSO (Days of Outstanding Sales) Targets set by Regional Management
Reporting
•Prepare Accounts Receivables reconciliation from AR module to GL module
•Prepare daily and weekly collections report and provide commentaries on non-collections as well as number of calls made to customers
•Prepare aged debts reports on a monthly basis to Regional Management, with analysis provided
•Monitor DSO (Days of Outstanding Sales) position on a monthly basis, with analysis provided on Targets shortfall and steps to take to achieve DSO Targets
•Recommend provisions for bad debts/write off to Accountants or Regional Management
•Ensure all invoices have been generated and sent out to customers. Follow up and resolve un-sent invoices
•Prepare manual invoices/credit notes and collate for management’s review and approval before sending out to customers
•Analyze and provide commentaries on aged debt for management’s review and approval
Project
•To participate in system and other projects where required and to contribute actively with an aim to roll out deliverables on time and successfully
Others
•Assist with audit, information requests and analysis on Accounts Receivables as required
•Liaise with Tax Officer or Tax Agent to provide requisite data on Accounts Receivables and Provision made for Bad Debts for Corporate Tax Filing purpose
•To ensure financial controls and risk controls procedures are being complied with at all times
Person Specification Knowledge
•Excellent oral communication skills, with strong interpersonal skills
•Results oriented and personal accountability
•Possesses good initiative and independent working attitude
•Good team player
•Excellent attention to detail
•Flexible and adaptable to a fast changing environment
Experience
•Minimum of 5 years’ experience of all aspects of Accounts Receivable in a corporate environment
Skills
•Proficient in Microsoft applications software Excel
•Strong appreciation of data reconciliations
•Good knowledge of Goods and Services Tax will be a plus point
•Experience with Oracle will be a plus point
Not The Perfect Fit?
Concerned that you may not meet the criteria precisely? At TP ICAP, we wholeheartedly believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background. If you are enthusiastic about this role but find that your experience doesn't align perfectly with every aspect of the job description, we strongly encourage you to apply. You may be the ideal candidate for this position or another opportunity within our organisation. Our dedicated Talent Acquisition team is here to assist you in recognising how your unique skills and abilities can be a valuable contribution. Don't hesitate to take the leap and explore the possibilities. Your potential is what truly matters to us.
Company Statement
We know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute. TP ICAP Accord - our Employee Network - is a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement.
