Accounts Receivables/Sales Recovery Manager at ReelFruit

Reelfruit’s Account Receivables/Sales Recovery Manager will play a critical role in overseeing the company's accounts receivable processes, and ensuring the 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 an added advantage.
• A master’s degree is an added advantage.
• Proven experience of at least 3 years in receivables and debt recovery 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.