The Accounts Payable & Receivable Officer is responsible for managing and reconciling all inflows and outflows of the company. This includes overseeing receivables from stations and supply sales, ensuring timely collections, tracking vendor payments, reconciling accounts, and maintaining accurate financial records. The role requires strict accountability, daily reconciliations, and transparent reporting to ensure that all financial transactions directly reflect actual operations, in line with Hermes Oil Services' values of Highest Integrity.
Required Skills and Knowledge
Work Experience: At least 3 years of Accounts Payable and Receivable experience
Bachelor's Degree in Accountancy or related discipline
Strong attention to details
Strong problem-solving skills
Strong communication skills
Analytical skill.
Strong stakeholder management skills
Excellent organisation and time management skills
Ability to work as part of a team and autonomously
Intermediate skills in the Microsoft Office Suite
Responsibilities
Ensure timely and accurate processing of invoices/requisitions, staff expense claims, cash advances, etc.
Create new vendor profiles and conduct bank verification
Conduct due diligence on overdue accounts.
Follow up with clients before due dates.
Manage income and expenses,
Assist to maintain cashflow position.
Assist with general accounting core duties.
Respond timely to vendor inquiries and resolve vendor issues
Perform vendor accounts reconciliation
Assist with corporate prepaid cards management
Assist with credit management
Assist in processing Supplier Credit Applications
Timely post cash receipts and resolve any discrepancies
Reconciling vendor statement with bank.
Assist in supplying credit references for new clients
Work with the Financial Accountant on bank reconciliations, payment forecasts, e.t.c
Assist with internal and external audit requirements
Deal with various internal and external stakeholders
Identify, recommend and implement process improvements and efficiencies