Expires 2 weeks from now
Account Receivable Officer
Account Receivable Function
full-time
Lagos
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Job Summary
The Accounts Receivable Officer is responsible for ensuring the timely and accurate issuing of customer invoices, monitoring accounts receivable balances for each customer, tracking overdue invoices, reconciling customer accounts, and maintaining accurate customer records. The officer also resolves invoice and payment discrepancies and provides regular reports on receivables and collection performance to ensure healthy cash flow and minimize credit risk.
Job Details
Key Responsibilities & Scope
- Invoicing & Billing
- Prepare and issue accurate customer invoices.
- Ensure invoices are raised promptly and posted accurately in the ERP “NetSuite” system.
- Timely submission of invoices with all relevant support documents attached.
- Receivables Management
- Monitor customer accounts and maintain accurate account receivable records.
- Track outstanding invoices and send reports to the contract manager before due date of invoice.
- Prepare and regularly review the Account Receivable aging report.
- Account Reconciliation
- Perform regular reconciliation of customer accounts and statements.
- Reconcile all deductions from invoices paid, particularly WHT deductions, against TaxPro Max or Rev360 extracts or any other reports.
- Payment Allocation
- Ensure payment received from customers is accurately allocated to appropriate invoices.
- Track WHT deductions in accordance with applicable tax laws and/or as stated in the remittance advice and provide the details to the Contract Manager to obtain evidence of WHT remittance by the customer, where necessary.
- Track VAT and other applicable transactional taxes/levies deducted in accordance with applicable tax laws and/or as stated in the remittance advice and provide the details to the Contract Manager to obtain evidence of VAT remittance by the customer, where necessary.
- Other Duties
- Assist with internal and external audits by providing relevant schedules and supporting documents.
- Participate in process improvement initiatives within the Finance Department.
- Demonstrate willingness to collaborate and work effectively with other finance teams across the various sub-units and departments
- Perform other finance-related duties as assigned by the Supervisor/Chief Accountant, senior colleagues, or other authorized members of management.
Requirements
Candidate Qualifications & Requirements
- Education: Bachelor’s degree or HND in Accounting or Finance.
- Professional Certifications: ICAN, ACCA, or equivalent chartered accounting qualification. Professional certification in Taxation (CITN) is an added advantage.
Work Experience: The candidate must be trainable and quick to learn.
Technical Skills: Advanced proficiency in Oracle NetSuite ERP software and MS Excel.
Soft Skills: Excellent written and verbal English communication, strong analytical capability, high attention to detail.
