Accounts Receivable Officer

Job Title: Accounts Receivable Officer

Job Purpose:

The Accounts Receivable Officer will be responsible for managing debtors, creating efficient payment arrangements, and overseeing debtors' collections. They will also play a vital role in drafting and approving payment arrangement terms, supporting financial accounts preparation, and assisting in daily financial performance reporting. Additionally, they will supervise accounting operations related to debtors management, premium reconciliation, and payables.

Key Responsibilities:

Debtor Management:

• Analyze and prepare monthly debtors reports to communicate debtors' status for necessary actions.
• Set monthly targets for debtors' recovery in collaboration with internal stakeholders.
• Monitor recoveries and update collections from clients on a daily basis.
• Establish payment terms and agreements as required.

Reporting:

• Prepare and distribute daily production reports to the Head of Finance.
• Generate and distribute daily debtors aging reports.
• Prepare and report debtors collections versus targets on a weekly basis.
• Analyze and report on debtors' target collections, sale of wrecks, and recovery from third-party insurers on a monthly basis.
• File medium and small claims in case of risk of recovery.
• Prepare relevant schedules for auditors and ensure closure.

Commission Payable:

• Compute Partnership agents & Brokers commissions monthly.

Statement of Accounts:

• Prepare and process payments, statement of accounts for debtors, and Bordeaux.

Accounting Transactions:

• Record financial transactions in the accounting system and 'SaaS' Software.
• Assist in the bank reconciliation process.
• Prepare reconciliation between money inflow and receipts adjusted on 'SaaS' Software.

Key Dimensions:

• Maintain debtors below 100 days.

Decisions:

• Provide approval for all payment arrangements for corporate clients.

Problems:

• Address system bugs for statement of account generation and 'SaaS' Software.
• Manage situations where clients do not respect payment arrangements.

Opportunities:

• Devise new debtors' processes to mitigate debtors' risk and efficiently manage debtors.
• Develop new ways of efficient networking.

Part IV - Job Requirements:

Qualifications:

• ACCA Level 2/Professional Qualifications in Finance/Accounting

Experience:

• 5 years

Technical Competencies:

• Accounting Standards
• Bookkeeping and accounting procedures
• Budgetary control
• Budgeting
• Business Environment Analysis
• Business insurance operations
• Compliance and operational risk knowledge
• Contract interpretation
• Data Collection and Preparation
• Data Collection and Analysis
• Debtors Management
• Financial Reporting
• Financial Statements Analysis
• Insurance products and services
• Liquidity risk
• Microsoft Office
• MS Excel

This job description outlines the responsibilities and requirements for the Accounts Receivable Officer position. The ideal candidate should possess the necessary qualifications, experience, and technical competencies to effectively fulfill the role's responsibilities.