Job Description

XCL World Academy is seeking to recruit an professional, detail oriented Accounts Receivable Executive to support the Accounts department which holds high standards in maintaining accurate records and reconciliation of all accounts of XCL World Academy & XCL American Academy. The successful incumbent will ensure compliance with internal and external audit processes, bookkeepings of both schools and will have specific focus on the following areas responsibilities including but not limited to. Main Responsibilities

• Ensure invoicing is processed on time and accurately for school fees as per the invoicing timeline. Effectively liaise with the registrar department to ensure invoices are sent for students with signed student contracts.
• Issue receipts for fees collected via cash/bank transfer/cheque/ online and make trips to the bank to deposit the fees collected and process bank reconciliation on a weekly basis.
• Knowledge in FRS 115 revenue recognition and ensuring our income recognition is harmonized with the standards.
• Review and post month end revenue entries and identify any discrepancies if any.
• Reconciliation of Student Numbers with Class student list and Admissions department.
• Ensuring compliance with CPE Requirements.
• Monitor and collect payment follow ups with parents and companies.
• Maintain accounts receivable records to ensure aging is up to date, credits and collections are applied, uncollectible amounts are accounted for, and miscellaneous differences are cleared.
• Proactively identify default payments by implementing corrective actions.
• Preparation of monthly MIS template for Revenue, Debtors and Concession and passing of recurring entry and preparing cash flow and monthly schedules
• Supporting other ad hoc activities such as preparation and filing for Quarterly GST for Income, assisting in Internal and statutory audit, Year-end budget and assisting in improving internal processes and procedures etc.
• Perform any other duties as requested by direct or dotted reporting line managers.

Person Specifications

• Minimum Diploma/Degree in Accountancy or Business Management or in other relevant fields.
• 2 years work experience in Accounting or related Business.
• Familiarity with basic accounting principles & comfortable managing high volume of manual data in multiple systems
• Excellent English language communication skills.
• Excellent attention to detail & organized and methodical approach to a task.
• Respond to inquiries in a timely manner
• Ability to work under pressure with tight deadlines

Application Interested applicants, please send your detailed resume to recruit@xwa.edu.sg by 4 February 2023.

About us XCL World Academy is an international school in Singapore for students aged 2 to 18, fully committed to the academic, emotional and social development of its students. We are immensely proud to be the first and only international school in Singapore authorized to offer all four International Baccalaureate (IB) programmes. We aspire to recruit employees that share and understand our commitment towards creating our mission of empowering an international community of happy learners who aspire to positively impact others.We are committed to safeguarding and promoting the welfare of children and young people. All appointments are subject to Safer Recruitment processes such as interviews, employment reference checks,identity and criminal record checks. Selected candidate[s] would be required to provide documentation of background checks done from the home country.