Receivable Officer at Rotation and Precision Machines Limited

Rotation and Precision Machines Limited is a sales and procurement firm that is engaged in providing engineering solutions in all manufacturing sectors. Rotation and Precision Machines Limited specializes in the supply of power transmission products, bearings, conveyor spares, industrial hoses, tools, maintenance (predictive and preventive), lubrication, seals, pumps, valves, gaskets, electric motors, gears drives, standard sand, sealing adhesives, fasteners, vulcanizing components, welding solutions, automation parts, etc. The company’s services also include technical support, installations, servicing, procurement services, consultancy, and surveys.

We are recruiting to fill the position below:

Job Title: Receivable Officer

Location: Lagos
Employment Type: Full-time

Responsibilities

• Reviewing and tracking RPM’s debtor lists
• Developing and maintaining a cordial relationship with clients’ finance department
• Planning course of action to recover owed money
• Contacting customers and informing them of their overdue bills.
• Negotiating payoff deadlines and payment plans
• Identifying gaps in the system and recommending solutions
• Building trust with debtors
• Updating receivables status on the database appropriately
• Compiling the list of recovered amounts on a weekly/monthly basis
• Updating the Sales Engineers on their client’s receivables status on a weekly basis usually on Monday
• Complying with requirements when legal action is unavoidable.
• Accurately billing the client
• Ensuring the correctness of submitted documents to reduce payment delays beyond the agreed timeline
• Follow up on receivables status.
• To ensure payment is collected within agreed timelines.
• To track and ensure the collection of cash and debt receivables
• Visibility and real-time information
• To avoid granting Credit Sales to non-worthy or chronic debt customers
• To avoid credit sales turning to bad debt

Requirements

• BSc / HND Degree in Finance or Accounting
• Minimum of 3 years of experience in debt / cash recovering
• Professional qualification (ICAN) is considered a plus.
• Smart analytical, detailed, strategic, and conceptual thinking skills.
• Advanced MS Excel skills.
• Knowledge of financial regulations.
• Excellent analytical and numerical skills..
• Strong ethics, with an ability to manage confidential data.
• Good verbal and written communication skills.

Application Closing Date
21st August, 2024.