Accounts Receivables and Treasury Officer
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Job Location:
Monthly Salary:
Experience Required:
Posted on:
14 hours ago
Vacancies:
1 Vacancy
Job Summary
The Role:
The Receivables and Treasury Officer is responsible for managing the companys receivables and ensuring efficient treasury operations. The role focuses on invoice processing collections bank reconciliations and cash flow management to ensure optimal working capital. This position is vital in maintaining financial accuracy customer account integrity and treasury efficiency across all subsidiaries.
What youll do:
Receivables Management
- Generate and issue customer invoices in accordance with contract terms.
- Monitor accounts receivable and ensure timely collections.
- Reconcile customer accounts and resolve billing discrepancies.
- Maintain accurate records of customer transactions and aging reports.
- Follow up with clients on overdue invoices and escalate persistent issues.
Treasury Operations
- Manage daily cash balances and ensure liquidity across accounts.
- Prepare weekly cash flow forecasts and funding requests.
- Ensure timely banking of all company receipts and deposits.
- Liaise with banks to resolve issues request statements and update mandates.
Reporting & Reconciliation
- Perform regular bank reconciliations and investigate variances.
- Prepare receivables and treasury reports for internal and external stakeholders.
- Support monthly closing by ensuring accurate recording of revenue and cash.
- Assist in audit preparations and provide necessary documentation.
Process Improvement & Compliance
- Maintain strong internal controls over receivables and treasury processes.
- Ensure compliance with internal financial policies and external regulations.
- Recommend improvements to enhance process efficiency and accuracy.
Requirements
Education:
- Bachelors degree in Accounting Finance or a related field.
- ICAN ACCA or equivalent professional qualification is preferred.
Experience:
- Minimum of 3-5 years experience in accounts receivable and treasury roles in the oil and gas industry.
- Strong experience with ERP systems reconciliations and financial reporting.
Knowledge and Proficiency in:
- Accounts receivable and cash management principles
- Financial controls and compliance
- Use of accounting software (e.g. Zoho Books QuickBooks or SAP)
Required Skills:
Education: Bachelors degree in Business Administration Engineering Supply Chain or a related field. Professional certifications in procurement contract management or supply chain (e.g. CIPS PMP) are an added advantage. MBA or MSc an added advantage. Experience: Minimum of 5 years experience in bid preparation tendering or contract administration within the Oil & Gas Energy or related industry. Proficiency to use the NIPEX Portal for Procurement. Experience in developing and managing procurement documentation ensuring compliance with legal and regulatory requirements. Proven ability to analyze market trends evaluate supplier capabilities and develop competitive bids. Hands-on experience in cost analysis pricing strategies and financial evaluation of tenders. Strong knowledge of risk assessment and mitigation strategies in procurement and contract management. Proficiency in negotiating contract terms and conditions ensuring alignment with organizational and project objectives. Experience in monitoring contract performance compliance and variation management to achieve operational efficiency. Receivables Management Generate and issue customer invoices in accordance with contract terms. Monitor accounts receivable and ensure timely collections. Reconcile customer accounts and resolve billing discrepancies. Maintain accurate records of customer transactions and aging reports. Follow up with clients on overdue invoices and escalate persistent issues. Treasury Operations Manage daily cash balances and ensure liquidity across accounts. Prepare weekly cash flow forecasts and funding requests. Ensure timely banking of all company receipts and deposits. Liaise with banks to resolve issues request statements and update mandates. Reporting & Reconciliation Perform regular bank reconciliations and investigate variances. Prepare receivables and treasury reports for internal and external stakeholders. Support monthly closing by ensuring accurate recording of revenue and cash. Assist in audit preparations and provide necessary documentation. Process Improvement & Compliance Maintain strong internal controls over receivables and treasury processes. Ensure compliance with internal financial policies and external regulations. Recommend improvements to enhance process efficiency and accuracy.
Required Education:
Education:Bachelors degree in Accounting Finance or a related ACCA or equivalent professional qualification is :Minimum of 3-5 years experience in accounts receivable and treasury experience with ERP systems reconciliations and financial reporting.
