Senior Account Officer at Wellsworth Energy Services Limited

Description

• We are looking for an experienced and results-driven Senior Account Officer to join our Finance team.
• This role is responsible for overseeing the end-to-end accounts receivable and accounts payable processes, ensuring robust financial controls, effective cash management, timely financial reporting, and compliance with company policies.
• The successful candidate will work closely with customers, vendors, banks, and internal stakeholders to drive financial efficiency, improve processes, and support business operations.

Key Responsibilities
Financial Operations & Control:

• Oversee the accuracy and integrity of customer and vendor invoicing processes, ensuring compliance with contractual terms and company policies.
• Review and validate invoices, supporting documentation, service work tickets, timesheets, purchase orders, and work completion certificates prior to processing.
• Ensure timely generation, submission, and follow-up of customer invoices through client e-procurement platforms until payment is received.
• Monitor accounts receivable and accounts payable to optimize cash flow and minimize overdue balances.
• Review and approve invoice coding to appropriate accounts and cost centres before posting.
• Ensure all invoices, payments, and financial transactions are processed accurately and within established timelines.

Treasury & Cash Management:

• Manage daily cash positions and provide management with cash flow updates and payment plans.
• Oversee bank account administration, ensuring timely reconciliation of all bank and cash accounts.
• Monitor bank charges, commissions, and reconciling items, ensuring discrepancies are resolved promptly.
• Ensure proper authorization and control over all payment processes, maintaining strict compliance with internal financial procedures.
• Supervise petty cash management and conduct periodic cash counts across company locations.

Reconciliations & Reporting:

• Lead monthly bank, supplier, customer, and intercompany reconciliations, ensuring all reconciling items are investigated and cleared promptly.
• Prepare weekly Accounts Receivable and Accounts Payable ageing reports, providing recommendations to improve collections and payment performance.
• Prepare monthly financial performance reports and management reports within agreed reporting timelines.
• Maintain accurate financial records and ensure the integrity of accounting data across all systems.

Stakeholder & Process Management:

• Build and maintain strong working relationships with customers, vendors, financial institutions, and internal business units.
• Coordinate with customers to secure approvals for work completion certificates, service entry sheets, and other documentation required for invoicing.
• Resolve customer and vendor queries professionally and within agreed service levels.
• Continuously identify and implement process improvements to strengthen financial controls, improve efficiency, and reduce processing delays.
• Support finance audits and ensure compliance with statutory, regulatory, and internal control requirements.
• Mentor junior finance team members and promote knowledge sharing and adherence to finance best practices.
• Perform other finance-related duties as assigned by the Finance Manager.

Qualifications & Experience

• Bachelor's Degree in Accounting, Finance, Economics, or a related discipline.
• Professional accounting qualification such as ICAN, ACA, ACCA, or equivalent is required.
• 5–7 years' progressive experience in accounting or finance, with demonstrated responsibility for accounts receivable, accounts payable, treasury, and financial reporting.
• Experience within the oil and gas, engineering, or technical services industry will be an advantage.
• Strong knowledge of financial controls, treasury operations, reconciliations, and financial reporting.
• Hands-on experience with ERP/accounting systems and customer e-procurement platforms.
• Advanced Microsoft Excel skills and proficiency in Microsoft Office applications.

Competencies:

• Strong leadership and supervisory capability.
• Excellent analytical and problem-solving skills.
• High attention to detail and commitment to accuracy.
• Strong planning, organizational, and time management skills.
• Excellent communication, negotiation, and stakeholder management abilities.
• Sound commercial awareness and business acumen.
• High level of integrity, accountability, and professionalism.
• Ability to work independently while managing multiple priorities in a fast-paced environment.