Accounts Receivable Officer

We are recruiting to fill the position below:

Job Title: Accounts Receivable Officer

Location: Lagos

Responsibilities

• Liaise with Sales, Finance, and Legal teams to manage credit exposure, resolve disputes, and enforce credit agreements.
• Monitor accounts receivable to ensure timely collection of outstanding debts and maintain adequate cash flow.
• Prepare and distribute weekly ageing analysis reports to the Sales, Finance, and other relevant stakeholders, highlighting high-risk accounts, collection performance, and recommendations for improvement.
• Conduct weekly reviews on historic credit accounts ensure accurate reconciliation of customer accounts, by keeping ledgers tidy, ensuring write-off’s journals, unallocated cash and duplicate accounts are actioned on a monthly basis.
• Reconcile customer accounts and resolve payment discrepancies, ensuring ledgers are accurate and up to date.
• Set and review customer credit limits based on creditworthiness assessments and ensure customers provide required bank guarantees or other acceptable securities.
• Investigate and resolve queries resulting from non-payment of invoices internally and externally.
• Conduct regular credit checks and risk analyses to determine whether to extend or withhold credit to customers.
• Monitor and report DSO (Days Sales Outstanding) monthly to ensure alignment with company targets.
• Negotiate repayment plans with clients owing beyond approved payment terms and escalate unresolved issues to the Finance Manager or Legal Department.
• Ensure compliance with company credit policies, IFRS standards, and statutory
• Prepare debt ageing reports to showing region by region debt.
• Develop, implement, and maintain credit control policies and procedures in line with company objectives to minimize exposure to credit risk.

Requirements
Education and Professional Qualification:

• Bachelor’s Degree in Accounting or any related business degree
• Computer Literacy
• Experience in Microsoft Suite (MS Word, Excel Advanced a must, Outlook and PowerPoint).
• Must be a Chartered Accoutant

Experience:

• Minimum of 3 years prior work-related experience within a busy finance department;
• FMCG experience will be added advantage.

Professional Skills:

• Compliance: Meets accounting financial standards by monitoring expenditures, identifying variances, implementing corrective actions;
• Key Strengths: Must possess a proactive work ethic, including the ability and desire to take ownership of process improvement and other projects when identified, effective problem solver, extremely detailed oriented, ability to work both independently and in a team environment, strong interpersonal skills, effective in motivating to achieve top performance.
• Time Management: Effective time management, work efficiently in a demanding, fast paced environment with tight deadlines;
• Attitude: Must demonstrate initiative, must be able to maintain a positive working relationship when addressing problems and providing solutions, ability to communicate effectively with both external (customers and vendors) and internal customers (finance, sales, manufacturing, human resources, customer service, marketing and supply chain);