Receivables Lead at ReelFruit

ReelFruit, founded in 2012, is the market leader in the healthy snack category, pioneering the introduction of healthy dried fruit as a snack in the Nigerian market. The company was founded on a mission to build a scalable agribusiness to add value to raw materials locally and produce, package and distribute locally made snacks that could sit on any shelf in the world!

We are recruiting to fill the position below:

Job Title: Receivables Lead

Location: Yaba, Lagos
Employment Type: Full-time

Job Description

• As we increase our processing capacity as well as our global distribution, we seek an experienced Receivable Lead, based in Lagos, Nigeria to join the company in this exciting phase of its growth to build the first-of-its-kind fruit processing company in Nigeria.
• Reelfruit’s Receivables Lead will play a critical role in overseeing the company's accounts receivable processes, ensuring timely collection of payments owed to the organization.

Duties & Responsibilities

• Managing Accounts Receivable: Supervising the accounts receivable team to ensure accurate and efficient invoicing, billing, and collections processes.
• Credit Policies and Procedures: Developing and implementing credit policies, terms, and procedures to minimize late payments and bad debts while maintaining good relationships with clients.
• Monitoring and Reporting: Tracking receivables aging, analyzing payment patterns, and generating reports to provide insights into cash flow, outstanding balances, and potential risks.
• Collections Management: Initiating collections procedures for overdue accounts, communicating with clients or customers regarding outstanding payments, and negotiating payment plans or settlements when necessary.
• Customer Relations: Handling customer inquiries, resolving disputes, and maintaining positive relationships to ensure timely payments.
• Process Improvement: Identifying areas for process improvement, implementing best practices, and utilizing technology or ERP software to streamline receivables operations.
• Compliance: Ensuring compliance with relevant financial regulations, accounting standards, and company policies related to accounts receivable.
• Team Leadership and Development:Training and mentoring staff to optimize team performance and efficiency in managing receivables.
• Cash Flow Management: Work closely with the Treasury & Financial Plan Unit to forecast cash flow, manage working capital, and support financial planning and budgeting activities.
• Risk Assessment: Assessing the creditworthiness of clients/customers and recommending credit limits or adjustments based on risk evaluation.

Educational Qualifications, Experience & Requirements

• Bachelor's Degree or HND in Accounting, Finance, or other related fields.
• Professional Certificate (e.g. ACA, ACCA, & CIMA) is preferred.
• A Master's Degree is an added advantage.
• Proven experience of at least 3 years in receivables management or related roles within the consumer goods industry.
• Proven track record in managing and developing a team.
• Capability to negotiate payment terms and resolve conflicts with clients/customers.
• Strong understanding of accounting principles.
• Proficiency in ERP systems and advanced Excel skills.
• Attention to detail, analytical mindset, and strong problem-solving abilities.
• Effective communication and collaboration skills to work across departments.

Application Closing Date
31st January, 2024.

Method of Application
Interested and qualified candidates should:
Click here to apply online