Account Receivable Officer

Job Description

Company Brief/Aspirations:

Axxela Limited is a subsidiary of Glover Gas & Power B.V., a portfolio venture of Helios Investment Partners LLP. We are currently pursuing a growth strategy aimed at expanding our over $500m investments in the Oil & Gas industry in Nigeria as well as Africa.

We have developed over 300km gas pipeline networks in Nigeria, and we are currently delivering natural gas to about 180 industrial and commercial consumers in the Greater Lagos and Greater Port Harcourt Areas. We also deliver natural gas to unserved and underserved territories leveraging our virtual pipeline solutions, as well as meeting the energy demands in markets along the West African coast.

We are looking for an experienced Finance Officer to provide working capital management support across Axxela Group.

Key Duties and Responsibilities:

• Generate customer invoices for dispatch to customers
• Maintaining accounts receivable files and records
• Recognize revenue earned by the company from sales activities
• Prepare the Trade Account Receivables (TAR) report on a periodic basis
• Follow-up with Sales & Marketing department to drive collection of outstanding receivables
• Enforces the TAR policy of the company
• Supporting the month-end reconciliation processes
• Verify and accurately post all customer payments to the correct sub-ledger
• Reconciliation of accounts receivable ledger, bank accounts, and other general ledger accounts as assigned, and investigating and resolving any irregularities or enquiries
• Prepare aging analysis report and analysis of key KPI’s
• Support Finance Manager to define operational processes that drive optimization
• Support annual financial audit and other internal and external audits by providing reconciled schedules and other audit evidence as required
• Participate in monthly financial close, forecasts and operating budgets
• Analyze monthly variances to budget and forecast with key stakeholders
• Support the preparation of financial modelling, business plans, financial analysis, forecasts and reports
• Prepare daily Liquidity report to monitor the cash flows of the Business
• Liaise with Axxela’s banks on immediate service issues.
• Carry out impairment assessment of receivables in line with the International Financial Reporting Standards (IFRS).

Essential Requirements:

• Minimum 5years cognate work experience
• Minimum of second-class upper degree in Accounting, Finance, Economics or other Business Courses
• Additional qualifications such as ACA, CFA and Master’s degree will be an added advantage
• Experience in efficient liquidity and working capital management