Accounts Receivable Officer
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Job Location:
Monthly Salary:
Experience Required:
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
A. Accounts Receivable Management
1. Record all customer invoices receipts and related transactions accurately and promptly.
2. Monitor accounts receivable balances and follow up with customers to ensure timely payment.
3. Maintain up-to-date records of customer accounts and reconcile discrepancies.
4. Allocate customer payments against corresponding invoices in the ERP or accounting system.
5. Prepare and send customer statements of account on a regular basis.
B. Credit Control and Collections
6. Monitor credit limits terms and payment behaviors of customers.
7. Liaise with the Credit Control/Finance team to enforce credit policies and minimize bad debts.
8. Follow up on overdue invoices through calls emails and reminder letters.
9. Maintain a detailed aging analysis of receivables and escalate long-outstanding balances for management action.
10. Support the preparation of debt recovery plans and coordinate with legal or collection agents when required.
C. Reporting and Reconciliation
11. Prepare monthly reports on receivables position aging collections and outstanding debts.
12. Reconcile customer accounts and resolve billing discrepancies or disputes promptly.
13. Support month-end and year-end financial closing processes by ensuring all receivables are captured accurately.
14. Collaborate with the accounting team to ensure revenue recognition aligns with IFRS and company policies.
D. Customer Relationship Management
15. Maintain effective communication and positive relationships with customers regarding billing and payments.
16. Address customer queries and complaints on invoicing and receipts promptly.
17. Provide customers with accurate financial information and payment support documentation.
E. Internal Controls and Compliance
18. Ensure compliance with internal financial policies and accounting standards.
19. Maintain proper documentation of receivable transactions for audit purposes.
20. Support both internal and external auditors on receivable-related matters.
21. Identify and recommend improvements to receivable processes and controls.
Requirements
Education: Bachelors Degree in Accounting Finance Business Administration or related field.
Professional Certification: ICAN ACCA or equivalent (student or part-qualified) preferred.
Experience: Minimum of 24 years of experience in Accounts Receivable Finance or related role.
Technical Skills:
Strong understanding of accounting principles and credit management.
Proficiency in ERP/accounting systems (e.g. SAP QuickBooks Sage).
Advanced Excel and data analysis skills.
Knowledge of IFRS and financial reporting standards.
Company Industry
IT Services and IT Consulting
Key Skills
- Journal Entry
- Customer Service
- Collection effort
- A/R Management
- Past due Account
- General Ledger Accounting
- Accounting
- Excel
- Payroll
- Financial statement
- Collection procedures
- Customer Account
- Delinquents Account
- Direct Reports
- Timely collections
